Pharma imports from China reaches $1.74 billion in April-December 2015 – Feedback

India’s imports of pharmaceutical products from China has reached USD 1.74 billion during April-December 2015, Parliament was informed today. In 2014-15, it stood at USD 2.22 billion as against USD 2.11 billion in 2013-14.

India imports drugs and pharmaceutical products from China in the form of raw materials as well as finished products for both domestic consumption and exports. As per the reports available, in case of 12 essential drugs including Paracetamol and Amoxicillin “there is a significant dependence on imports of drug ingredients and substantial imports of these products are from China”. “One of the reasons for imports from China is the price competitiveness of these products,” Commerce and Industry Minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

http://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/pharma-imports-from-china-reaches-1-74-billion-in-april-december-2015/articleshow/52076064.cms

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