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1) China welcomes pharmaceutical firms
Ananth Krishnan
BEIJING: China welcomes Indian pharmaceutical companies to help address the growing demands of its domestic market in the wake of recent healthcare reforms, said Health Minister Chen Zhu on Monday.
“We know India's pharmaceutical sector, including non-generic and creative medicine, is leading the developing world. China has a huge market potential for healthcare services and medicine. We more than welcome pharmaceutical companies from countries like India to China,” Mr. Chen told reporters on the sidelines of the annual session of the National People's Congress, China's legislature.
The pharmaceutical industry was open not only to multinational drug corporations from developed countries, but also to developing countriesMr. Chen said the pharmaceutical sector was “quite open” to foreign players. However, the experience Indian pharmaceutical companies have had here so far largely suggests otherwise. Companies say they have routinely faced market access issues, and point to what they describe as long-drawn-out procedures for getting their drugs registered as another barrier to entry.
Improving market access for Indian pharmaceutical companies was among the issues Minister of Commerce and Industry Anand Sharma raised with his Chinese counterpart Chen Deming in trade talks in January.
2) Indian pharma industry third largest globally: Eco Survey
Thursday, Feb 25, 2010
New Delhi: The Indian Pharmaceutical industry has become the third largest in world in terms of volume and ranks 14th in terms of value at over Rs 1 lakh crore, the Economic Survey tabled today in Parliament said.
"The Indian pharmaceutical industry has grown from a humble Rs 1,500 crore turnover in 1980 to approximately Rs 1,00,611 crore in 2009-10," the pre-Budget survey said.
The growth of the Indian pharmaceutical industry has been fuelled by exports, which increased 25 per cent in 2008-09.
"Exports of pharmaceuticals have consistently outstripped imports," The survey said.
India exports drug, intermediaries, active pharmaceutical ingredients (APO), finished dosage formulations, bio-pharmaceuticals and clinical services.
The top five destinations for such exports are the USA, Germany, Russia, UK and China.
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