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Pharma Exports on Rise - Pharmexcil Eyes 25% Growth This Year

   
Date : December 20, 2012
Number of Views : 4022

 
Indian pharmaceutical sector has defied recession and expected to post over 25% growth totaling US Dollar 17 billion this year. As per industry sources, the increase will be driven by growth in formulations and active pharmaceutical ingredients. In the last financial year ended March 31, 2012, pharma exports stood at $13.4 billion. There would be significant growth in exports to the US which also accounted for 33 per cent total exports last year. Indian pharmaceutical manufacturers and exporters might stand to gain in API market due to the increased focus in Europe to streamline procedures and ensure quality. As most units are already recognised by global regulators, Indian exporters will have an additional advantage compared to other countries. In the vaccines segment, however, China was emerging as a strong competitor to India with higher production.

 
News Category: Drugs and Pharmaceuticals
Healthcare Products / Equipment
Nutraceuticals

News Type : Market News

 
 
 
 








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