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

Pharma Exports May Face Challenges From China, Russia.


Date: 25-07-2011
Subject: Pharma Exports May Face Challenges From China, Russia
Commerce ministry to meet on July 26 to discuss issues facing the industry.

China’s massive expansion of its bulk drug industry and Russia’s move to achieve self-sufficiency in the pharmaceuticals sector are likely to pose challenges to the manifold export growth targets set out for Indian pharmaceutical exports by the commerce ministry if not adequately addressed, say officials.

The Chinese government early this year had announced a plan to invest $750 million to build capacities in pharmaceutical ingredients for supply to drug makers in other countries. This is aimed at creating capacities that can comply with the stringent quality standards being enforced in regulatory markets of America and Europe, where it has no presence. Bulk drugs (API) and intermediaries from China are already flooding Asian and Africa countries, including India.

The commerce ministry has announced an ambitious target of more than doubling the pharma exports to $25 billion from the current $10 billion by 2014. The three-year time line itself is an uphill task going by the current growth rate of between 10 and 15 per cent in pharma exports. Any further momentum is possible only with the increase in exports to all the major markets while introducing measures that enhance the competitiveness of Indian products.

The ministry will be discussing all these aspects on July 26 at a meeting specifically convened to take a view on various suggestions that had come from the domestic pharma companies for formulating new measures in line with the export targets.

It is also closely watching the developments in countries like China and Russia, according to PV Appaji, executive director of Pharmaceuticals Export Promotion Council (Pharmxcil), which works under Ministry of Commerce and Industry.

China is also expanding into formulations, one of the reasons why Indian pharma exports to Vietnam declined 10.31 per cent during the April-January period of FY 11, according to the feedback received from the domestic exporters by the nodal agency.

Contrary to the general perception, entry into Russia is increasingly getting difficult for Indian companies, except a few, as the country is tightening its market in line with the stated objective of achieving 75 per cent self-sufficiency, said Appaji. Russia is the fourth largest importer of Indian drugs after the US, UK and Germany in that order.

For the 10-month period ending January 2011, Indian pharmaceutical exports stood at Rs 38,070 crore with the US alone accounting for Rs 9,020 crore, registering a year-on-year growth of 23.28 per cent, while the total exports registered a growth of 10.44 per cent over previous year.

Twenty-six destinations account for two thirds of the total exports. Of this, countries like Brazil, Nigeria, Israel and Canada turned positive during the 10-month period, compared with a dip in exports in the same period a year ago.

Source : sify.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: 06-06-2025
Notification No. 13/2025-Customs (ADD)
Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan.

Date: 30-05-2025
Notification No. 31/2025-Customs
Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10%

Date: 30-05-2025
Notification No. 38/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 26-05-2025
NOTIFICATION No. 37/2025-Customs (N.T.)
Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962

Date: 23-05-2025
Notification No. 30/2025-Customs
Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion.

Date: 23-05-2025
NOTIFICATION No. 36/2025 - Customs (N.T.)
Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul

Date: 15-05-2025
Notification No. 34/2025-CUSTOMS (N.T.)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

Date: 09-05-2025
Notification No. 29/2025-Customs
Seeks to exempt works of art and antiques from Basic Customs Duty

Date: 30-04-2025
Notification No. 02/2025-Customs (CVD)
Seeks to amend Notification No. 05/2024-Customs (CVD) dated the 11th September, 2024 so as to align with changes made vide Finance Act, 2025

Date: 30-04-2025
Notification No. 26/2025-Customs
Seeks to rescind Notification No. 04/2025-Customs dated the 1st February, 2025



Exim Guru Copyright © 1999-2025 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 InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001