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Trump's focus on local drugs not immediate concern: Indian pharma industry

US is one of the major export destinations for drugmakers in India, accounting for roughly 33 per cent of the country's drug exports

Topics
Indian pharma | Donald Trump

Sohini Das  |  Mumbai 

The government is now trying to understand how long it will take before the drug’s production can start in India
President Donald Trump's administration awarded a contract worth up to $812 million over ten years to a newly incorporated US company called Phlow Corporation

As the US tries to reduce dependence on drugs from other countries, especially essential generic drugs, demand issues can arise for Indian exporters. The local industry in India, however, feels that creating indigenous capacity to manufacture drugs would take time, and also prove to be expensive for the US.

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First Published: Wed, May 20 2020. 19:48 IST
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