Faced with drugs shortage, Indian pharma asks envoy to stop Chinese cargo suspension
On 26 April, China suspended for 15 days cargo flights by Sichuan Airlines that transports medical supplies to India. India imports 70% of its pharmaceutical raw materials from China.
Himani Chandna 29 April, 2021 7:45 pm IST
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New Delhi: India is staring at a possible shortage of critical and life-saving medicines, with China deciding to suspend its cargo services to the country for 15 days.
This was at the heart of a letter written by The Pharmaceuticals Export Promotion Council of India (Pharmexcil) India’s apex pharma export body and an arm of the Ministry of Commerce and Industry to India’s Ambassador in China, Vikram Misri, on 29 April.
Asia s Biggest Pharma Hub At Baddi Plunges Into Crisis As Raw Material Prices Shoot Up
The main problem is the procurement of active pharmaceutical ingredients, a key manufacturing material, 85% of which comes from China.
With cost of the raw material, active pharmaceutical ingredients (API), having shot up sharply almost three to four-fold, the pharma companies are in dire straits. (Representtaional image.) Ashwani Sharma 2021-04-30T21:13:35+05:30 Asia s Biggest Pharma Hub At Baddi Plunges Into Crisis As Raw Material Prices Shoot Up outlookindia.com 2021-04-30T21:21:31+05:30
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India urges China to clear bottlenecks on key pharma raw-material
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Synopsis
The Pharmexcil director-general Ravi Uday Bhaskar wrote to Indian Ambassador in China Vikram Misri for an immediate intervention in the backdrop of the decision of the Chinese state-owned Sichuan Airlines to suspend its cargo services to India for 15 days following the second wave of Covid-19.
Agencies
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Pharmaceuticals Export Promotion Council of India (Pharmexcil), the country’s nodal agency for exports of pharmaceuticals, on Thursday appealed to the Indian Ambassador in China to immediately intervene in clearing bottlenecks on import of key raw materials from China amid serious supply chain disruptions.
Russia, Uzbekistan offer Remdesvir to India thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Synopsis
Any duty-free import allowed under advance licence has to be matched with exports, but exporters manufacturing remdesivir have been barred from exporting the drug following the government order. They are also not allowed to sell in the domestic market due to the advance licence condition.
AFP
A government order banning all exports of the drug remdesivir and its active pharmaceutical ingredients has landed exporters in a fix.
Any duty-free import allowed under advance licence has to be matched with exports, but exporters manufacturing remdesivir have been barred from exporting the drug following the government order. They are also not allowed to sell in the domestic market due to the advance licence condition.