Indian Pharma exports to US may increase in 2017-18, Care Ratings
The Dollar Business Bureau Indian Pharma exports to the US may increase in 2017-18 despite pricing pressure and stiff competition. A report released by Care Ratings said that $50 billion worth of drugs are expected to become 'off-patent' in the current year giving hope to the Indian Pharma export market. "The pharma export volumes from India to US, however, are expected to rise. This will be backed by about $55 billion expected sales gain to generics drugs on account of branded drugs going off patent during 2017-19 which will create an opportunity for CRAMS segment. We expect growth rate for CRAMS (Contract Research and Manufacturing Services) to be higher compared to average growth rate of the industry. These factors are likely to support pharma exports from India," ...
Trump's pet Mexican wall could be financed by import tax
The Dollar Business Bureau Hinting at another major foreign policy shift, Trump has proposed to impose 20% tax on imports from all the countries America has a trade deficit with. The proceeds thereof, the White House said, will finance the construction of a wall on the Mexican border, which was Trump campaign's signature election promise. Deeming the 20% import tax proposal as one that is practiced by 160 countries, White House Press Secretary Sean Spicer called the US trade policy of taxing exports and letting imports move freely ridiculous. He also estimated that the new tax is likely to bring in $10 billion annually, which can be utilised to build the wall. "But the other net positive that you have to realise is that through the wall, not only do we secure ...
Indias Ayurveda exports need a strong government push
Satyapal Menon | The Dollar Business There is a need for concerted efforts to make Ayurvedic products accepted as medicines worldwide Just mention Ayurveda and the response is mostly a sense of skepticism and ridicule. This pre-conceived mindset has been inculcated over centuries, through ignorance and neglect of a system of medicine that had proved its curative values eons before the dawn of modern medicine. Unfortunately, despite its intrinsic efficacy and potency, Ayurveda products are yet to get global recognition as a medication for various ailments. The reasons for Ayurveda not being accorded the priority it deserves ironically emanates from the country of its origin - India. Efforts by institutions and government departments to promote Ayurvedic products, though sustained, have ...
Indian government hints at imposing anti-dumping duty on solar modules
The Dollar Business Bureau | @TheDollarBiz While companies that are dependent on imports of soar modules from China and other countries are vehemently opposed to imposition of anti-dumping duties on solar modules (Read Anti-dumping duty on solar modules will be a big mistake: N. Surana), the Indian government hinted today that it may be a reality soon. Minister of Commerce Nirmala Sitharaman, citing the Director General of Antidumping & Allied Duties (DGAD), informed the Parliament today that solar modules and other parts have been exported to India from China PR, Chinese Taipei, Malaysia and USA “below its normal value”, which has hurt the domestic manufacturing industry represented by Indian Solar Manufacturers Association (ISMA). DGAD has recommended imposing anti-dumping duties between $0.11 ...
