Pharmaceutical Exports

A post Covid-19 foreign trade policy must be cognisant of the evolving opportunities and challenges in services trade and must prepare domestic policies and capacity accordingly

Export growth started declining in February and turned negative in March, at -23.24 per cent

To boost pharmaceutical export, the government is eyeing bulk purchase orders from government procuring bodies and institutions from across the developing world.Pharma export grew in 2017-18 by 2.9 per cent, up from a marginal 0.2 per cent rise the year before. Policy makers want a diversified geographic reach. With this in mind, the government has invited around 100 government procurers, drug regulators and non-government bodies from scores of countries to attend a mega pharma conclave with major domestic players from the industry, beginning Tuesday. This two-day International Exhibition of Pharma and Healthcare is being organised by the Pharmaceuticals Export Promotion Council of India (Pharmexcil) and the commerce ministry. It will have 350 exhibitors and 600 foreign buyers."The large number of procurement agencies that have been reached out to, from nations across the African continent and those from Central Asia, will help to create a base for export in newer markets with ...