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COMMERCE & INDUSTRY

Trade of Generic Drugs

New Delhi: November 26,2012

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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