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      Global acceptance for Indian Pharma

      Posted AtThe Economic Times

      HYDERABAD: The growing global acceptance for Indian Pharmaceutical industry is reflected in steadily increasing exports from major pharmaceutical hubs in the country.

      "India's export of drugs, pharmaceuticals and fine chemicals from top five ports in India is on a steady rise," Pharmaceutical Exports Promotion Council (Pharmexil) Exeuctive Director P A Appaji said.

      What is interesting is the fact that exports from Mumbai and Hyderabad grew impressively in 2004-2005 with both the places climbing up in the ladder to occupy first and third positions respectively.

      "In the fiscal 2004-05, Mumbai climbed to the top with Rs 4,133.25 crore, followed by Nhava Sheva (Rs 3,629.46 crore). Hyderabad had moved to the third position with an impressive growth at Rs 2,000.905 crore," said Appaji.

      According to Pharmexil data, in 2003-04, Nhava Sheva sea port stood first with Rs 3,980.158 crore exports followed by Mumbai (Rs 3,599.037 crore), Delhi (Rs 1,445.065 crore) and Hyderabad (Rs 1,350.714 crore).
      According to industry sources, the current fiscal may see more surprises on the export front as there has been a continuation of last fiscal's performance so far.

      There are many reasons for this spurt in exports. "Indian pharma industry has now been completely sensitized to the requirements of global markets. Many companies are taking special efforts to improve infrastructure and quality, and are gaining more acceptance world over," Appaji said.

      The current patent regime is also understood to have a positive impact in this connection, say analysts. "Definitely, there has been a growth in exports this year. Right from the beginning, exports has been a driving force for Indian pharma," according to NATCO Pharma Director (Finance) V Bhaskara Narayana.

      August 11, 2005


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