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Our Bureau

Hyderabad , April 3

THE Director-General of Foreign Trade (DGFT) has designated the Pharmaceutical Export Promotion Council (Pharmexcil) as the sole agency for issuing registration-cum-membership certificate (RCMC) to exporters of drugs and pharmaceuticals.

Announcing this in a press release here, Pharmexcil said the categorical policy statement by the DGFT would now restore the confidence of the industry, which was shaken by the persistent ambiguities about the institutional support to this prime sector of industry.

The public notice issued by the DGFT reiterates the long established practice of each of the export promotion councils being responsible for promotional activities of specific product groups assigned to it, the release said. Allaying the apprehensions of small exporters, the Pharmexcil said, "Any worries that Pharmexcil is only for large-scale exporters and that the interests of small exporters will not receive due attention are unfounded and misplaced."

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