Government does away with 'No Objection Certificate' for Pharma Exports
The government has done away with the requirement of a 'No Objection Certificate' from the Ministry of Health for exports of drugs, medical devices and cosmetics for export to developed countries effective from January, 1, 2016.
January 25, 2016: It is expected that this move of the government would help companies like Sun Pharmaceuticals, Wockhardt, Ranbaxy Laboratories, Dr Reddy's Laboratories, Cipla who export their products to regulated markets to US, Canada, Japan, Australia and the European Union. The move is in line with the recommendations of a Directorate General of Foreign Trade Report, 2014 on trading across borders to improve the ease of doing business in India.
Around 55 per cent of India's pharma products are exported to regulated markets.