Content creators mean business
Social media influencers are flipping the rules by first getting followers and then launching products and ...
The spurt in prices of raw materials and intermediates being imported from China has adversely impacted Indian drug-makers.
“There has been significant pricing pressure on our import of key raw materials from China, which has led to a gross margin decline by 3 per cent in the first quarter of the current financial year,” VV Ravi Kumar, Chief Financial Officer, Laurus Labs told BusinessLine.
Many firms engaged in production of raw materials in China are being closed down due to strict implementation of pollution control norms leading to dip in production resulting in price increase.
“There is an urgent need to develop a base for indigenous production of raw materials,” said P Eashwar Reddy, Executive Director, Bulk Drug Manufactures Association-India.
According BDMA, about 90 per cent of intermediates being used by active pharmaceutical ingredients (APIs) makers is being imported from China. As per the data available with Pharmaceutical Export Promotion Council (Pharmexcil), India imports worth $6 to $7 billion raw materials from China for APIs and key standing materials.
“We have roped in the research institutes such as Indian Institute of Chemical Technology and industry players. The efforts are on,” Uday Bhaskar, Director General, Pharmexcil said adding the the Ministry of Commerce and CSIR were also looking into the matter. About 60 products have also been identified.
In-house production
GV Prasad, Co-Chairman and CEO, Dr Reddy’s Laboratories said his company was in the process of taking up in-house production of some raw materials. Even for some others, there have been concerns over the profitability of the API segment in view of pricing scenario in China.
Aurobindo Pharma had hinted that in the anti-biotic segment, it had “no other way” except to pass on the pricing pressure to customers. According to its MD and CEO N Govindarajan, it is also looking at alternatives wherever possible to have an Indian source as well.
Pharmexcil had started efforts to spearhead import-substitution by encouraging raw material production last year. “We have roped in research institutes such as Indian Institute of Chemical Technology and industry players. The efforts are on,” Uday Bhaskar, Director General, Pharmexcil said, adding that the Ministry of Commerce and CSIR were also looking into the matter. About 60 products have also been identified.
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Paneer, once alien to the South, has found a lucrative market in Chennai
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Carriers claim that all measures — including pre-flight tests, cabin sanitisation and fresh air inflow — have ...
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
A virus swept aside 2020 plans to mark the 250th year of the birth of Beethoven. We need the German composer’s ...
Marie leaned back in the chair, holding the brandy to her chest, the rain tapping on the windowpanes. She ...
The story of the 21-gun salute goes back a long way
The current India team didn’t just clinch a series in Australia. It also tugged at the heartstrings with ...
Social media influencers are flipping the rules by first getting followers and then launching products and ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor