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China targeting India? Import costs of paracetamol, antibiotics ingredients see 100% jump


China targeting India? Import costs of paracetamol, antibiotics ingredients see 100% jump
Experts believe hiking prices could be Chinese response to the Modi government’s Profit Linked Incentive scheme, which seeks to achieve self-dependence in API production.
Himani Chandna 12 March, 2021 9:10 am IST
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New Delhi: The prices of raw materials to manufacture medicines have started moving up, yet again. And China is to be blamed.
The prices of raw materials, known as active pharmaceutical ingredients (APIs) or bulk drugs, have grown multifold since November. The same trend was seen in April last year, when several Chinese units and trade corridors shut down due to the Covid outbreak. ....

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Making Medicines in India- Business News


Making Medicines in India
Centre has announced two schemes to reduce import dependence in medicine manufacturing. Will they work this time?
Illustration by Raj Verma
The Department of Pharmaceuticals had gone into a huddle as early as February this year when India had only three confirmed cases of Covid-19. A committee of inter-ministerial experts and importers and manufacturers of medicines met every day to keep a watch on happenings in China. Their worry was not just the spread of the disease. They were also concerned about the lockdown in China and its impact on supply of key raw materials used to make medicines in India. ....

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