Andhra Pradesh and Telangana states, which are already hot investment destination for the pharmaceutical and healthcare industry, have emerged as the leading pharma exporters in the country. The two states contributed more than 30 per cent of India’s total pharma exports. For the year 2014-15, the pharmaceutical exports from AP and TS have crossed more thanRs.33,000 crore.
According to Dr P V Appaji, Director General of Pharmexcil, the pharmaceutical exports in India have been growing at a rate of 17 per cent in rupee terms and around 10 per cent in dollar terms during the current fiscal. “Last year our total exports stood at Rs.94,275 crore, while this year we have crossed more than Rs.1.12 lakh crore. In fact this is a big achievement for Indian pharma as we have crossed this mark for the first time,” informed Appaji.