![]() ![]() In FY20, India exported US 3.89 billion in bulk drugs and drug intermediates, while in. "That is the major advantage for India and we are enjoying that for the last 15-20 years," he added. Overview In July 2023 United States Pharmaceutical products exports accounted up to 7.41B and imports accounted up to 13. Pharmaceutical exports from India shipped US 1.37 billion in bulk intermediates from April to August 2021. and in 20 Ireland accounted for a quarter of US exports of research and development servicesgo figure. The COVID-19 pandemic and recent global events have exposed long-standing holes in America’s supply chains, including insufficient manufacturing capacity, the erosion of the United States’ export industrial base, and competition with China and other. There are also missing pharmaceutical exports. "India is known for producing quality drugs at an affordable price," he said. Strengthening America’s Supply Chains with EXIM’s Make More in America Initiative. There are so many countries we are exporting to, the UK, South Africa, Brazil or any other market. ![]() "Whatever exports we are doing to countries like the US, our largest importer, they are not asking. Exported goods and services supported 10.7 million well-paying U.S. ![]() To address concerns raised by the incidents in Gambia and Uzbekistan, delegations from Pharmexcil have visited several countries, including Nigeria, Egypt, and Russia, to provide clarifications and reinforce the quality of Indian drugs.ĭespite the mandatory testing of cough syrups for exports in both India and Gambia, cough syrup exports from India remain relatively unchanged, with exports valued at around $15 million annually.Įxcept for Gambia, no other country has requested additional tests for Indian drugs, confirmed Bhaskar. Exports and foreign direct investment (FDI) are proven job generators. India's strong demand for drugs related to central nervous system conditions, cardiovascular issues, and oncology are contributing to the overall growth in pharmaceutical exports, said Bhaskar. Also Read | Must test cough syrups before exporting, says govt ![]()
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