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The Dollar Business Bureau Moving of manufacturing bases to international markets by some domestic firms and lack of blockbuster drugs going off-patent are some of the reasons for decline in country’s pharma exports, C R Chaudhary, Minister of State for Commerce and Industry informed the Parliament on Wednesday.  The pharmaceutical exports dropped by 0.43% in terms of value and 6.95% in terms of volumes in financial year 2016-17, Chaudhary said in a written response to the Rajya Sabha.  The Minister said some of the reasons for decline in pharma exports include consolidation of buyers in the US into three large groups with significant bargaining power, absence of blockbuster drugs going off-patent and certain Indian companies shifting their manufacturing bases to the US, EU ...

Sai Nikesh | The Dollar Business India and Sri Lanka on Thursday, discussed various economic issues towards addressing trade imbalance and enhancement of economic cooperation between the two countries. In a Commerce Secretary level interaction that was held as a third round of discussion, followed by the one in June 2013 in Colombo and the other in January 2014, both the sides discussed key issues like India-Sri Lanka Free Trade Agreement (FTA), non-tariff barriers, upgrading of economic engagement including investments and services, among others related to bilateral trade. Both the sides also agreed upon the expansion of bilateral trade by utilizing the optimal opportunities and resources available with the two economies. The Indian side reiterated its commitment saying the ...