Double-digit growth in pharma exports class="my-2">
  • A
  • A+
  • A++
    • 1 min read

    Delhi: Domestic pharma exports in last financial year (2024-25) The Ministry of Commerce revealed that it has reached Rs 2.7 lakh crore with a growth of 9.4 percent. The industry is targeting a double-digit growth in this by 2026-27, it said. At present, the pharma sector is estimated to be around Rs.5.4 lakh crore and will reach Rs.11.70 lakh crore by 2030. Being the third largest producer in the world, India exports medicines to more than 200 countries. More than 60 percent of the total exports go to markets with strict regulations, while the share of India's pharma exports to America is 34 percent and Europe's share is 19 percent. It has been explained that the government is paying special attention to create favorable conditions for maintaining the speed of exports. It said that the industry is also ready to target double digit growth in 2026-27. As part of the 'Chintan Camp' held in Ahmedabad, discussions were held between industry groups and representatives of the Ministry of Commerce. The Ministry has made it clear that it will continue to consult with regulatory agencies and Indian embassies abroad to identify and resolve issues that are hindering access to global markets. href="https://www.facebook.com/eenaduonline/" target="_blank" rel="noopener">Facebook, Twitter, Instagram& Google News. Tags :

    Note:Business advertisements appearing on Eenadu.net are different It comes from businessmen and organizations in countries. Some ads are sent with artificial intelligence based on the reader's preferences. Readers should exercise due care and make appropriate inquiries about products or services before purchasing. The respective products/ OWNER TODAY IS NOT RESPONSIBLE FOR THE QUALITY OR FAILURES OF THE SERVICES. There is no room for correspondence on this matter.

    More

    • The AI Tsunami is coming. Artificial intelligence (AI) is sweeping the world like a tsunami, but society is not yet ready to deal with it, says Dario Amodei, CEO of Anthropic.
    • IT shock to markets IT shares depress domestic indices. IT shares tumbled amid concerns that artificial intelligence (AI) technology could wreak havoc on software services companies.
    • Decision on Chandrasekaran's reappointment postponed It seems that the board has postponed the decision on the reappointment of N. Chandrasekaran as the chairman of Tata Sons, the parent company of Tata Group for the third time. Ratings agency ICRA estimates that the losses of Indian airlines in the current financial year (2025-26) could be Rs.17,000-18,000 crores.
    • Number of IT employees in the country @ 59.50 lakhs International uncertainties, changes with the arrival of AI platforms. Industry body Nasscom expects the sector's revenue to grow by 6.1% to reach $315 billion (roughly Rs. 28.35 lakh crore) in 2025-26. 
    • These are no less capable: Hurun JM Financial Hurun India has released a list of 100 companies with high potential and performance worthy of listing on stock exchanges.
    • Reduction in tariff benefits for agricultural exports. The Center on Tuesday clarified that although the tax benefits under the scheme to support exporters will be reduced, they will not apply to agricultural and processed food products.
    • Eris Lifesciences partners with Natco for semaglutide Eris Lifesciences and Natco Pharma have entered into a key agreement to sell semaglutide, a drug used for the management of chronic obesity and type-2 diabetes, in the Indian market.
    • Rs 5,000 crore raised through bonds: Canara Bank Canara Bank has announced plans to raise Rs 5,000 crore through Tier-2 bonds to further strengthen its capital to support future growth plans.
    • Full amount recovered in IDFC Bank fraud In the IDFC First Bank branch fraud case, Haryana Chief Minister Naib Singh Saini announced on Tuesday that nearly Rs.556 crore due to the state government has been recovered.
    • Rs.9 lakh crore chips from AMD to Meta! Facebook owner Meta Platforms to buy artificial intelligence (AI) chips worth $100 billion (about Rs.9 lakh crore) from Advanced Micro Devices (AMD).
    • News in brief (7) Government to sell up to 4% stake in Indian Railway Finance Corporation (IRFC), a public sector undertaking.