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Indian pharma exports grow at 18 percent to 24 44 bn in FY 21

Indian pharma exports grow at 18 percent to 24.44 bn in FY 21 SECTIONS Share Synopsis We have observed a big leap in our exports in the month of March 2021 which is USD 2.3 billion (figures for March are provisional) and is highest among the exports of all the months of this financial year, the growth rate for this month is 48.5 per cent against the exports in March 2020 (USD 1.54 billion), Udaya Bhaskar, Director General of Pharmexcil said in a release. AP North America is the largest exporting region for Indian pharmaceuticals with more than 34 per cent share. India has reported a growth of 18.07% in pharmaceutical exports that touched an all-time high of $24.44 billion during the fiscal ended March 2021, up from $20.58 billion in the previous fiscal.

Covid positive : At 24 billion, India s FY 21 pharma exports soar 18%

April 17, 2021 PLI scheme expected to further boost shipments from India   -  MJ Prototype× Highest growth in eight years on rising demand for quality and affordable generics India’s pharmaceutical exports grew at a record 18 per cent to reach $24.44 billion in the year ended March 31, 2021, as a result of the Covid-19 pandemic. This was the highest export growth rate in the last eight years for the pharma industry. “As per the quick estimates shared by the Department of Commerce, drugs and pharmaceutical exports for FY21 (April 2020-March 2021) have touched $24.44 billion with a record growth of 18.07 per cent,” said Ravi Udaya Bhaskar, Director-General, Pharmaceuticals Export Promotion Council of India, on Saturday. The exports in FY20 totalled $20.58 billion with a growth rate of 7.57 per cent.

Indian pharmaceutical exports grow at 18 per cent to 24 44 billion in FY 2020-21

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Container shortage, rising freight rates hit pharmaceutical exports

Container shortage, rising freight rates hit pharmaceutical exports April 08, 2021 × Shortage of empty containers, particularly reefer containers, and an almost 60 per cent surge in freight rates since October have hit export of pharmaceutical shipments from India. The Indian Drug Manufacturers Association said that ports in southern India have borne the brunt of box shortage prevailing over the last 7-8 months and have urged the Commerce Ministry to intervene and help tide over the crisis. The shortage of boxes, according to the association, has led to a rise in freight rates by almost 60 per cent. SV Veerramani, past national president of the Association, told

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