Search Global Export Import Trade Data
Recent Searches: No Recent Searches

India to make molecules to cut dependency on China.

Date: 28-04-2017
Subject: India to make molecules to cut dependency on China
Hyderabad: The Indian pharmaceutical sector, which is dependent on import of crucial items such as APIs, is planning to manufacture a few of the top 100 molecules that are currently being imported, Pharmexcil chairman and Aurobindo Pharma director Madan Mohan Reddy said here on Thursday. Speaking to the media at IPHEX 2017, Mr Reddy said, “Pharmexcil is in talks with the government and the industry to manufacture some of the top 100 molecules that are currently being imported to help reduce the dependency on imports.”

Despite India being the pharma factory for the world, Indian pharma firms of late have become dependent on China for APIs due to the low cost offered by the neighbouring country. Recently, the Central government expressed concern about Indian pharma companies’ dependence on China. “This government step would support the country in reducing its dependence on China for sourcing some essential APIs,” said Mansukh L Mandaviya, minister of state for chemicals and fertilisers, in the Rajya Sabha.

When pressed about the types of molecules that are being discussed, Mr Reddy said, “While the compilation of data and feasibility study is yet to be done but the fermentation-based molecules are being looked at as a possible option. It would take about six months for the study.” Mr Reddy said that two bodies — one from the government and the other from industry — would be set up to decide on which firms would manufacture the molecules but hinted that most of the big firms are interested in manufacturing these drugs, if there is some support from the government.

“Most firms don’t have a proper R&D centre and the big firms that do have an R&D, such as ourselves, have different priorities. Moreover, most fermentation-based molecules require around 3-4 year and this is where a bit of support (from the government) is required,” Mr Reddy said. In another development, Pharmexcil vice-chairman and CEO of Nectar Life Sciences Dinesh Dua said that India is looking at harmonisation of rules for Pharma exports. Mr Dua said,“The US and EU are actively looking to harmonise their norms and India too is actively working towards it.” He added, “There are various levels of harmonisation such as good manufacturing practices, reciprocal inspections which would help save money and manpower.”

Source: Deccan Chronicle

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Exim Help

What is New?

Date: 01-12-2022
Notification No. 101/2022 - Customs (N.T.)
Exchange rate Notification No. 101/2022-Cus (NT) dated 01.12.2022-reg

Date: 01-12-2022
Notification No. 40/2022-Central Excise
Seeks to amend No. 18/2022-Central Excise, dated the 19th July, 2022 to reduce the Special Additional Excise Duty on production of Petroleum Crude.

Date: 01-12-2022
Notification No. 41/2022-Central Excise
Seeks to further amend No. 04/2022-Central Excise, dated the 30th June, 2022, to reduce the Special Additional Excise Duty on Diesel.

Date: 01-12-2022
NOTIFICATION No. 04/2022-Central Excise (N.T.)
Appointment of the Commissioner of Central Excise and Service Tax (Appeals) as Central Excise officer for the entire territorial jurisdiction of the Principal Chief Commissioner/ Chief Commissioner of Central Excise and Service Tax for the purpose of passing Orders-in-Appeal for the CX & ST appeals filed after 30.06.2017-reg.

Date: 30-11-2022
Notification No. 100/2022-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg

Date: 29-11-2022
No.98 /2022-Customs (N.T.)
Amendment of notification no. 47/2022–Customs (N.T.), dated the 31st May, 2022

Date: 29-11-2022
NOTIFICATION No. 99/2022-Customs (N.T.)
Amendment of notification number 48/2022-Customs (N.T.) dated the 31st May, 2022

Date: 25-11-2022
NOTIFICATION No. 61/2022-Customs
Seeks to amend certain specific FTA/PTA notifications.

Date: 23-11-2022
NOTIFICATIONNo. 23/2022 – Central Tax
Seeks to empower the Competition Commission of India to handle anti-profiteering cases under CGST Act, 2017 with effect from 01.12.2022.

Date: 23-11-2022
NOTIFICATION No. 24/2022 – Central Tax
Seeks to make fourth amendment (2022) to CGST Rules with effect from 01.12.2022.

Exim Guru Copyright © 1999-2022 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.


C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001