Wait...
  1. Home >
  2. Export Import News >
  3. Import Duty >
  4. China accounted for around 67% of India's bulk drug imports in FY19 >
  5. China accounted for around 67% of India's bulk drug imports in FY19

Online Export Import Data Search

Complete Training Video : Click Here

China accounted for around 67% of India's bulk drug imports in FY19.


Date: 10-07-2019
Subject: China accounted for around 67% of India's bulk drug imports in FY19
China accounted for 67.56 percent of total imports of bulk drugs and drug intermediates in 2018-19 at USD 2,405.42 million, Parliament was informed on July 9.

The import of bulk drugs and drug intermediates from China stood at USD 2,055.94 million in 2017-18, accounting for 68.68 percent of their total import, Minister of Chemicals and Fertilizers D V Sadananda Gowda said in a reply to the Lok Sabha.

Citing data from DGCIS Kolkata, he said share of China in the total bulk drug imported to the country during 2018-19 was around 67 percent.

"The country imports bulk drugs/active pharmaceutical ingredients (APIs) for producing medicines including certain essential medicines. As India is a signatory to the WTO and TRIPs agreement, as such the import restrictions have been removed," Gowda said.

It may be mentioned that most of the imports of the bulk drugs and APIs are being done in the country because of economic considerations, he added.

Stating that the government is committed to making India sufficiently self-reliant in end-to-end indigenous drug manufacturing by making Indian pharmaceutical industry globally competitive, Gowda said: "The policies formulated by the government from time to time are designed to minimise the country's dependence on imports and to give fillip to indigenous manufacturing."

In this direction, the government in its notification on January 28, 2016, has withdrawn exemption of customs duty of certain categories of bulk drugs and APIs, he added.

"Further, the Department of Pharmaceuticals has prepared an umbrella scheme namely 'Scheme for Development of Pharmaceutical Industry' with the objective to increase the efficiency and competitiveness of domestic pharmaceutical industry so as to enable it to play a lead role in the global market and to ensure availability, accessibility and affordability of quality pharmaceuticals of mass consumption," the minister said.

The umbrella scheme includes a sub-scheme for providing assistance to the bulk drug industry, he added.

Source: moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 16-07-2019
Notification No:10
Amendment in appointing a new Statistics Office under Collection of Statistics Act 2008

Date: 16-07-2019
Circular No 19/2019-Customs
Implementation of PGA eSanchit- Paperless Porcessing under SWIFT- Uploading of Licenses/ Permits/ Ceritificates/ Other Authorizations (LPCOs) by PGAS - reg.

Date: 15-07-2019
Notification No. 51/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Silver- Reg

Date: 12-07-2019
ECA Circular No. 26/2015-20
Action for recovery of Penalty, Pending Appeals/Reviews

Date: 12-07-2019
Notification No. 50/2019- Customs (N.T.)
Amendment to the Notification No. 63/1994-Customs (N.T) dated 21st November, 1994, by notifying the pipeline of M/s Indian Oil Corporation Limited connecting Barauni, Patna, Motihari, Nonea in India to Amlekhgunj in Nepal as additional route for Raxaul LCS

Date: 12-07-2019
No. 27/2019-Customs (ADD)
Seeks to extend levy of anti-dumping duty till 27.10.2019, on imports of " Paracetamol" originating in or exported from china PR, extended vide notification No. 39/2018 Customs (ADD), dated the 20th August, 2018, in pursuance of order of Hon'ble High Court of Gujarat in the matter of SCA 5278/2019.

Date: 11-07-2019
A.P. (DIR Series) Circular No.2
Exim Bank's Government of India supported Line of Credit of USD 24.50 million to the Government of the Republic of Senegal

Date: 11-07-2019
A.P. (DIR Series) Circular No.1
Exim Bank's Government of India supported Line of Credit of USD 100 million to the Government of Independent State of Papua New Guinea

Date: 09-07-2019
Trade Notice No. 25/2019-20
Import of 4 lakh MT of feed grade Maize (dent corn) under TRQ allowed

Date: 09-07-2019
Notification No. 49/2019-CUSTOMS (N.T.)
Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver - Reg



Exim Guru Copyright © 1999-2019 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.

EximGuru.com

C/o Infodrive India
E-2, 3rd Floor, Kalkaji Main Road
New Delhi - 110019, India
Phone : 011 - 40703001