Pharmexcil to compile CAGR forecast on pharma exports
The Dollar Business Bureau Committed to enhance India’s market share in Europe, Pharmaceuticals Export Promotion Council (Pharmexcil) is planning to begin its work on preparing a document forecasting the country’s likely CAGR (compounded annual growth rate) in the coming four years. This step comes at a time when pharmaceutical sector is being recognised by government amongst the top sectors for export with high potential. In this context, Pharmexcil has been asked by the government to compile a forecast of possible CAGR in the coming four years, keeping 2015-16 as the base year with a growth rate of 4.5 percent of the country’s pharmaceutical exports to the Europe. To speed up activities, the council has already urged all the stakeholders to provide ...
Ghana FDA adopts Indian pharmacopoeia standards
Sairaj Iyer | The Dollar Business Bureau Hudu Mogtari the CEO of Ghana FDA gave a compelling and visionary presentation during the second day proceedings of Iphex at Bombay Exhibition Center, Goregaon. Mogtari arrived at the session with a contingent of policy-makers and industrialists from Ghana. There were senior officials from the Ghana health ministry, a member of the Parliament, and the executive secretary of the pharmaceutical association of Ghana, that jubilantly backed Hudu Mogtari while he delivered his presentation. Mogtari revealed that Ghana produced a mere 30% of domestic-healthcare needs, forcing them to depend on imports. In that respect Indian drugs are not only cost-effective but also of great quality. During his session he announced that to facilitate easier imports from ...
'Affordability and accessibility, need of the hour for Indian healthcare sector'
Sai Nikesh | The Dollar Business Governor ESL Narasimhan lightening the lamp at the 2nd edition of Indo-Global Pharma Expo & Summit 2015 in Hyderabad on Thursday. An international-focused pharmaceutical event, namely Indo-Global Pharma Expo & Summit 2015, was conducted in the Pharma capital of India, Hyderabad, on Thursday. The second edition of the summit jointly organized by the Pharmaceuticals Export Promotion Council (Pharmexcil) of India, Federation of Telangana Andhra Pradesh Chamber of Commerce and Industry (FTAPCCI), other key industry partners, witnessed a participation of various industry experts from across the globe. Experts from healthcare sector, academicians, policy makers, research analysts, among others, took an active participation in the first day of the summit that is being held between July 23-26, ...
'Pharma sector: Clusters to help small units to scale-up with minimum cost'
Jayarama Emani | The Dollar Business The recently launched Clusters Development Programme (CDP) for Pharma Sector is a very good scheme that will boost the small scale industry (SSI), said an expert. Speaking to The Dollar Business, Dr. P V Appaji, Director-General, Pharmaceutical Export Promotion Council of India (Pharmexcil), said “The CDP scheme is formulated with specific focus on SSIs. Any 10 members can form a society and avail Rs 20 crore fund support from government for development of their cluster. Pharmexcil will study the scheme in detail and will support the members all over India for cluster growth. Though the amounts involved are small, we are confident it will work good for the small units.” The following benefits are likely ...
Seetharam Reddy assumes charge as the Jt. Director of DGFT Vijayawada
Jayarama Emani | The Dollar Business As reported in The Dollar Business on February 27, 2015 (https://in.thedollarbusiness.com/news/seetharam-reddy-likely-to-be-the-new-joint-director-of-dgft-vijayawada/15134), G Seetharam Reddy, assumed charge as the Joint Director of DGFT (Directorate General of Foreign Trade), Vijayawada. Reddy participated in a panel discussion on “An overview of Foreign Trade Policy 2015-20 – Its impact on Pharma Sector,” here in Hyderabad on April 15, 2015. The event was organised by the Pharmaceuticals Export Promotion Council of India (Pharmexcil). Speaking exclusively to The Dollar Business, Reddy said, “It is good to be back in the home State after 13 years and that too being away from DGFT for the last five years.” The Joint Director who belongs to the Indian Trade Services (ITS) Batch ...
Pharmexcil welcomes foreign investments in pharma sector
Jayarama Emani | The Dollar Business The Pharmaceutical Export Promotion Council of India (Pharmexcil), welcomed the move by The Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister Shri Narendra Modi, to approve two significant foreign investments (FIs) in the pharmaceutical sector - Aurobindo Pharma Ltd; and Glenmark Pharmaceutical Ltd. Speaking to The Dollar Business, Dr P V Appaji, Director General, Pharmexcil said, “The recent move by the Government augurs well for the domestic pharmaceutical companies as they can now augment funds from foreign investors to focus on the export market. Moreover, with the new development, the confidence of the Indian pharma manufacturers will be on a high as these investments show the continued confidence of international ...
Pharmexcil hopes for a World Pharma Trade Centre within city limits of Hyderabad
Jayarama Emani | The Dollar Business Recently, the Telangana Chief Minister, K Chandrasekhar Rao announced that the State government is planning to set up an international-level Pharma University and a Pharma City in over 11,000 acres area at Mucherla (outskirts of Hyderabad). The annoucement was made during The Confederation of Indian Industry (CII), Telangana chapter’s first-ever conference on mapping industrial growth in the newly formed State. When informed about the same, Dr P V Appaji, Director General, Pharmaceutical Export Promotion Council of India (Pharmexcil) welcoming the news told The Dollar Business, “We are happy that the State is promoting the pharma sector in a big way, however, it would be nice if the government can consider our proposal ...
