Search Result for : Pharmexcil

The Dollar Business Bureau In a bid to facilitate exports and make easier to do business, the Government on Wednesday eased the guidelines for drugs, medical devices and cosmetics exporters. Now the pharmaceutical companies will no longer have to get ‘no-objection’ certificate (NOC) from regulatory authority to export drugs and medical devices. “The pharmaceutical exporters can continue exporting without having to obtain no-objection certificates (NOC) from the regulatory authorities,” said the Central Drugs Standard Control Organisation (CDSCO) in a notice. Earlier, this facility was only available for exports to Australia, US, Japan, Canada, and European Union. Now CDSCO has extended the rule for exports to all other countries. “In partial modification of notice of even number dated December 11, 2015, removing the requirement of NOC for ...

The Dollar Business Bureau  In order to resolve the difficulties that the pharma exporters are facing with the implementation of Goods and Services Tax (GST), Pharmaceuticals Export Promotion Council of India (Pharmexcil) has asked for the assistance of the Ministry of Commerce and Industry. It has to be noted here that the Government had withdrawn incentives provided to pharmaceutical exporters under GST. Pharmexcil, in a letter written to Commerce Secretary Rita Teaotia, stated that various categories of pharmaceuticals exporters specifically manufacturer-exporters and merchant exporters have to pay GST at various stages and then they can claim for refund, which results in blocking of working capital. Because due to this, the competitive advantage of exporters would be tapered off. The Council has sought exemption ...

Sharath Chowdary Aurobindo Pharma’s whole time Director Madan Mohan Reddy has assumed charge as Chairman of Pharmaceuticals Export Promotion Council of India (Pharmexcil), as announced during the 65th annual meeting of Committee of Administration (CoA) in Hyderabad on Friday. He was elevated to the present post after serving for two years as Vice Chairman of Pharmexcil.   Madan Mohan Reddy, a post-graduate in organic chemistry, has more than 25 years of experience in the pharma industry. He has worked in several senior management positions in top pharma companies. For the past ten years, manufacture of formulations at Aurobindo was his forte. Prior to this, he was the Managing Director of Srichakra Remedies Ltd. Pharmexcil will soon fill the post of Vice-Chairman from the newly elected COA members. ...

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 ...

Sairaj Aiyyar   Pharmexcil will soon be headed by a new Chairman and Vice-Chairman, to govern the 6th committee of administration. A formal notification on the Pharmaceutical Export Promotion Council’s (Pharmexcil) website pointed out to an impending election notification, and sought nominations from its members. This is in line with the Commerce ministry’s regulations that took some time due to various internal issues. But this development is a self-inspired one, as the notification on its website explains in detail.The notification details how the council is acting on a letter dated 7th December 2015 from the Ministry of Commerce, which directs the council to follow election guidelines and comply with para 2.92 of the Foreign Trade Policy handbook before 31st March 2016. Para ...

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 ...

The Dollar Business Bureau Union Commerce Secretary Rita Teaotia said that India’s pharmaceutical exports have increased by 9.7 percent in the last fiscal, whereas the country’s exports to the US grew to 33 percent. In 2014-15, the country’s pharmaceutical exports were around Rs.96,000 crore.  “The country’s pharmaceutical exports are one of the best stories of Indian exports. We have registered 9.7 percent jump and 33 percent growth in exports to the US market. We see a lot of growth potential of pharma exports in coming years,” said Rita Teaotia, Union Commerce Secretary. “Visits of regulatory officials would help to provide better insights into the drug regulatory framework and to understand each other’s benchmark of standards and quality compliances,” she said.  Teaotia said that the companies ...

Aadhira Anandh   The 4th edition of Pharma Pro &Pack Expo 2016, an international exhibition for Pharma’s technology and trade was unveiled on 27th April in Mumbai. The event is being organized by India Pharma Machinery Manufacturers Association (IPMMA) and GPE Exports Pvt. Ltd. Hosted in association with the EEPC India and PHARMEXCIL, the expo largely concentrates on the Indian Pharma engineering and the Indian Pharmaceutical Industry. The expo provided a common platform for trade opportunities to MSME’s on both national and international levels.  Simultaneously in another part of the exhibition ground Pharma Lab Expo 2016, an international exhibition of total pharma manufacturing technologies was organized. It focused on providing the experience of new technologies to the pharma buyers and sellers in the industry.  The ...