Largest-ever delegation on a mission to boost exports
Source: The Hindu Businessline In a major initiative to boost pharmaceuticals exports to Latin American (LATAM) region, a 105-member industry delegation with representatives from 82 Indian pharma companies will be visiting Guatemala, Colombia and Chile. The programme is being organised by the Pharmaceuticals Export Promotion Council of India (Pharmexcil), an arm of the Union Ministry of Commerce & Industry, […]
Anti-asthma drugs drive pharma market growth
Source: Times Of India Respiratory therapies led the growth during Jan in the pharma market, which seemed to have started the year with a bang, growing nearly 8% to Rs 17,937 crore. Anti-asthma drugs (Foracort and Budecort) continued to post a double-digit growth each during the month, pointing to our struggle with growing pollution levels […]
Pharmaceutical Glass Tubing Market Outlook: Trends, Growth & Dynamics
Source: Future Marketing Insight The pharmaceutical glass tubing market experiences a surge in demand for customized solutions, with users seeking specific bottle capacities, unique printed designs, and a variety of material colors. E-commerce platforms play a crucial role for small and emerging manufacturers, enabling them to expand their customer base and boost sales in this dynamic market. […]
Quality issues Fail to Dent Indian Pharma Exports But Reputation Takes a Hit
Source: News18 Despite multiple complaints raised over the quality of Indian medicines, there is no impact on the export values of pharmaceutical products, said a top pharma official in the Narendra Modi government.“However, it has certainly made a dent in our image,” Udaya Bhaskar, director-general, the Pharmaceuticals Export Promotion Council of India (Pharmexcil), told News18 […]
Pharma sector imports reduced thanks to PLI scheme: Govt
Source: Business Today A significant reduction in the import of raw materials in the pharmaceutical sector is one of the most notable achievements under the Production Linked Incentive (PLI) scheme, the government said in a document, titled Indian Economy: A Review, written by V. Anantha Nageswaran, Chief Economic Adviser, Ministry of Finance. The 74-page document presented […]
‘Cannot Export Products Made for Sale in Indian Market’: Health Regulator Issues Alert
Source: News18 Products made for the Indian market cannot be exported, the central health regulator has said in an alert issued to all of its port offices across India, asking them to watch the exports by merchant exporters, News18 has learnt. While the notice does not mention the objective behind the move, two government officials told News18 that the […]
API Market to reach a USD 839.1 Billion by 2033
Source: Yahoo Finance The global demand for pharmaceutical products, including both branded and generic drugs, has been steadily rising. As a result, the need for active pharmaceutical ingredients, which are the essential components of these medications, has grown substantially. New York, Jan. 23, 2024 (GLOBE NEWSWIRE) — According to Market.us, the global Active Pharmaceutical Ingredient market size […]
Will UP be hub for Chinese-dependent pharma raw materials?
Laurus Labs has licensed patents from IIT Kanpur on gene therapy and is in the process of investing Rs 100 crore on setting up a GMP (good manufacturing practice) pilot plant for cell and gene therapy products in IIT, Kanpur. What can attract entrepreneurs in one pharma hub to consider investments into another state seeking […]
Nigeria Tightens Regulations on Indian Pharma Exports, New Standards May Spark Industry Concerns
Source: News18 The Nigerian drug regulator has recently heightened its standards for Indian drug makers exporting to the country, News18 has learnt. Drug makers are now required to adhere to the latest specifications and strictly use raw materials following the updated guidelines. According to the National Agency for Food and Drug Administration and Control (NAFDAC) […]