Pharmexcil projects Rs 75,000 cr mark for pharma exports

Pharma exports from Indian players for 2012-13 might touch the Rs 75,000 crore mark. This shall account for a hike by 25 per cent from last year. The pharma export level stood at Rs 17,000 crore for 2004. This is sharp contrast against the 2012 figures of Rs 63,000 crore.

This would ensure huge growth for the small scale and medium scale pharma players that form 2500 of the total 3000 exporters under Pharmexcil. The countries that see maximum exports from India are USA( 27 per cent), Europe (19 per cent), Africa (17 per cent), the Middle East (seven per cent), Latin America( 6 per cent) and the Commonwealth of Independent States (CIS) Countries(5 per cent).
In 2010, the Commerce Ministry announced pharma export target at USD 25 billion by the year 2014. However, Appaji PV, Director General of Pharmexcil said that to be pragmatic, the target year could extend to 2016 in light of the global economic scenario. Plans to send a delegation to Japan and China, in a bid to explore potential markets for domestic pharma sector in India, are on cards. Pharmexcil endeavors to set up a warehouse in Nigeria with aid from the Commerce Ministry, in a move to support trading communities. This is a first of its kind of measure. The organization was present at Chennai for announcing "iPHEX 2013"- a three-day pharma road show scheduled to start on 24 April in Mumbai. 250 companies would be part of the show.

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