Goverment to promote pharma exports in new markets

Ministry of Commerce and Industry is fully committed to promoting the Indian pharmaceuticals industry globally, said Commerce and Industry Minister, Suresh Prabhu, after inaugurating ‘iPHEX’ in New Delhi early this week. The Minister said that Government is committed to promoting pharmaceutical exports to untapped markets, including China which has agreed for a high level bilateral Round Table to pave the way for Indian Pharma to get market access and penetration in their vast market.

Prabhu also emphasized the need for reaching out to newer markets, especially in Africa, where affordability is the key issue, which can be very well addressed by the Indian exporters. He stressed on the need of both competitive and complementary strategies, so that each segment of Pharmaceutical sector can benefit. He further said that there is need to make both traditional and preventive medicine, to work together.

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