Creating an enabling ecosystem for pharma exports
August 8, 2014: The Pharmaceuticals Export Promotion Council (Pharmexcil), set up by the Ministry of Commerce and Industry, has recently recommended two new ports – Krishnapatnam in Andhra Pradesh and Kattupalli in Tamil Nadu – for export and import of drugs. The export promotion body has already requested the Ministry of Commerce and Ministry of Health and Family Welfare apart from the Drugs Controller General of India (DCGI) to notify these ports for import and export of drugs under the Drugs & Cosmetics Act.
It may be noted here that a separate notification is required for handling drugs and DCGI is expected to authorise the ports to start handling the pharma products pending a notification from the concerned Ministries.
According to estimates, close to two-third of the Indian pharma exports are being carried out though the seaports and the addition of these ports in the authorised list is expected to create an encouraging environment for the pharma exports from India. The total pharma exports from India stood at Rs 90,000 crore for 2013-14.
Additionally, Pharmexcil is working on the proposed World Pharma Trade Centre at Hyderabad and is currently in talks with the Telangana Government to take it forward. The total pharma exports from the United Andhra Pradesh are close to 30 per cent of the total pharma exports from India is currently at the second position after Maharashtra.
Measures like new ports being added up and the coming up of the World Pharma Trade centre is expected to build appositive ecosystem for pharma companies operating in the Indian market.