The Hindu Business Line : Pharma export up 21pc, says report

PHARMACEUTICAL exports from India have crossed the five-digit figure in the financial year 2003, having clocked exports worth Rs 11,925 crore, according to the Directorate-General of Commercial Intelligence and Statistics (DGCIS).

This indicated a growth of 21 per cent over exports clocked in the previous year, according to an official communiqué.

The growth rate last year was 11.2 per cent and the higher growth this year was due to increased exports to regulated markets such as the US, Germany, Canada, the UK, Russia, Mexico and Spain.

Not surprisingly, the US market was the most preferred destination for Indian pharma exports. During 2002-03, Indian pharma exports to the US touched Rs 2,023 crore, recording an increase of 25 per cent over the previous year.

Exports to Germany were to the tune of Rs 727 crore, a 40 per cent increase over the previous year's performance.

Pharma exports to China touched the high figure of Rs 397 crore , as compared to Rs 382 crore last year. Russia accounted for Rs 497 crore of pharma exports, as compared to Rs 481 crore last year.

In Asia, China is the leading importer of Indian drugs. It is followed by Vietnam, Japan, Sri Lanka, Singapore, Thailand, Bangladesh, Korea, Nepal and Philippines - together accounting for Rs 100 crore worth of drugs imports from India.

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