Ministry of Commerce urges Pharmexcil, IICT to work towards reducing drug input imports from China
DSIJ Intelligence / 04 Aug 2017
Pharmexcil and the CSIR-Indian Institute of Chemical Technology (IICT), on the directions of the Ministry of Commerce are working for reducing the dependency of Indian pharmaceutical industry on Chinese raw material imports, as per a leading news agency.
Pharmexcil and the CSIR-Indian Institute of Chemical Technology (IICT), on the directions of the Ministry of Commerce are working for reducing the dependency of Indian pharmaceutical industry on Chinese raw material imports, as per a leading news agency.
The Ministry of Commerce recently conducted a meeting to work on a roadmap to obtain this strategic objective.
The Council for Scientific and Industrial Research (CSIR) will take up the matter with domain experts on August 12.
Indian drug exports to China are insignificant in value terms, but Indian drug manufactures import raw materials worth USD 6 billion, According to the Pharmaceuticals Export Promotion Council.
Indian pharmaceutical industry is about 90% dependent on China as it is the main supplier of raw materials for active pharmaceutical ingredients and key standing materials.
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