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Pharma
sector to top Rs.60,000 crore by '08
New
Delhi: Industry body Assocham has said that the Indian
pharma industry would grow at 11 per cent to touch Rs60,000
crore in 2007-08 from Rs39,000 crore in 2003-04, when
drugs worth US$65bn would go off patent.
Pharmaceutical
exports from India would grow at 18 per cent to touch
volume of Rs30,000 crore in 2007-08 from Rs15,500 crore
during 2003-04, according to a study released by Assocham
in New Delhi on Tuesday.
The
study also points out that globally drugs worth US$40bn
would go off patent this year and another US$70bn dollar
would go off patent in 2008. Indian pharma companies would
then raise their stake in the world market to 30 per cent,
it said.
Indian
companies could leverage their strength in terms of low
cost of production and availability of quality manpower
as domestic production cost was 50 per cent less as compared
to developed countries, it said.
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PowerGrid
to develop high voltage transmission lines jointly with
four other countries
Bangalore:
Along with India, South Africa, Brazil and China have
agreed to cooperate for the development of high voltage
direct current (HVDC) power transmission (of 800 kilo-volts)
for the evacuation of power over long distances.
Speaking
to newspersons here on Tuesday, the chairman and managing
director of Power Grid Corporation of India Ltd (PGCIL),
R. P. Singh, said, "This cooperation will help in
sharing the cost of development, which would otherwise
be very high." The costs of development would be
shared among the countries jointly, he said.
PGCIL
is interested in this project in order to despatch electricity
from the country's surplus North-eastern regions to the
Western and Southern regions that have a high demand.
By
2011, Singh said, PGCIL would be evacuating the equivalent
of the 37,000 mega-watts (MW). Currently, PGCIL relies
entirely on 500-KV lines for the transmission of electricity.
These high capacity transmission lines are necessary in
view of the 11 per cent peak deficit in the country.
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