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China-Plus-One strategy: Indian API firms start to reap benefits

Rising Chinese labour costs, geopolitics, pandemic-stricken uncertainties have forced global players to derisk

Topics
China | Pharmaceutical companies | Pharmaceutical

Sohini Das  |  Mumbai 



Medicines, Pharma
The global API market is expected to grow at a compound annual growth rate of 6.2 per cent

The pandemic-stricken supply disruptions and the extant geopolitical tensions have benefited Indian active ingredient (API) players the most, claims the industry. As multinationals (MNCs) pursue a Plus One strategy to derisk dependency on the world’s second-biggest economy, Indian players are steadily emerging a clear favourite.

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First Published: Mon, November 28 2022. 06:10 IST

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