India exported half its pharma produce last year
Efforts are on to replicate the pharma success in medical device industry as well
Source: theweek.in
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pharma exports: India's pharma exports rise 10% to USD 27.9 bn in FY24
India's pharmaceutical exports surge 9.67% to USD 27.9 billion in 2023-24, despite a 3% dip in total exports. March sees a 12.73% rise to USD 2.8 billion. US remains the top market, comprising over 31% of exports, followed by the UK and the Netherlands. Growing market opportunities expected to drive further growth.
Source: indiatimes.com
At trade meet, India seeks more pharma inspections & easier visas, US flags laptop import monitoring
Union Commerce Minister Piyush Goyal highlighted challenges faced by business visitors from India to the US due to visa processing time periods and requested the US to augment the processing.
Source: indianexpress.com
India's pharma industry has far to go to account for 20% of manufacturing sector
India's pharma industry has to grow by 3-4 times to account for 20% of manufacturing sector, said Arunish Chawla, secretary department of pharmaceuticals (DOP) said today at the CII Lifesciences summit. Known as the pharmacy of the world, Indias pharma sector exported $50 billion last year.
Source: indiatimes.com
Israel-Hamas war may singe billion-dollar pharma exports
“Indias exports amount to a billion dollars per year in these countries,” one of the experts said, asking not to be named. He said a protracted Israeli-Palestinian war would impact flight services to these countries and subsequently hit pharma exports from India.
Source: indiatimes.com