The exports of pharmaceutical
products from India during last 3 years have been as under:-
|
2009-10
|
2010-11
|
2011-12
|
|
US $ (million)
|
8955
|
10,711
|
13,221
|
|
Indian Rupees (crores)
|
42,455
|
48,810
|
63,347
|
Pharmaceutical industry is
highly regulated and most of the countries allow exports only after the
companies comply with their registration requirements. 55% of Indian
pharmaceutical exports are to highly regulated markets like USA (25%), European
Union and other European countries (21%), Canada (1.92%), Australia (1.31%).
As mentioned above, authorizations for exports into a country is given to the
individual company once it complies with their regulatory requirements. Indian
exports to Africa and Latin American nations during 2010-11 were 17% and 7%
respectively of the total Indian pharmaceutical exports.
This information was given by the Minister of State for
Commerce & Industry Dr. D. Purandeswari in
written reply to a question in Lok Sabha today.
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DS
(Release ID :89412)