labels: industry - general, pharmaceuticals, economy - general
Pharma exports to cross Rs21,000 cr in 2005-06news
24 December 2005

Mumbai: Domestic pharmaceutical exports growing at 30 per cent per annum are set to touch a new high of Rs21,685 crore this financial year.

The year's exports will push the drug sector's contribution to India's forex earnings to 7.75 per cent from the current 5 per cent. The growth in drug exports, despite the pressing generic competition in the global markets, is attributed to increased Anda approvals in the US market and contribution from uncoventional markets in Latin America, Australia and the emerging markets in the Middle East and African region.

Last year the country's pharma exports were valued at Rs17,052 crore, which was about 18 per cent up from the previous year.


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Pharma exports to cross Rs21,000 cr in 2005-06