Page 4 - Pharma Exports

Growth in Indian pharma exports revives in the third quarter

Hyderabad, 27 FebruaryIndian pharma exports have increased 5.6 per cent to $ 4,357 million during October-December period in this financial year over the same quarter previous fiscal, as per the Pharmaceuticals Export Promotion Council (Pharmexcil) data. The pharma body, which works under the Union Commerce Ministry, expects the rise in exports in the second half of this year to more than compensate for a marginal decline in the exports during April-October period.India has seen 9.7 per cent increase in pharma exports at $16.89 billion in the last financial year. The January-March quarter is likely to add further momentum to the export growth seen in the October-December period, according to Pharmexcil director general Ravi Uday Bhaskar. The country has 700 drug manufacturing units registered with the US Food and Drug Administration (USFDA). More than 30 per cent of abbreviated new drug applications (ANDAs) granted by the USFDA in 2016 are from India. This indicates an upward trend ..