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| Topic: |
Technology
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| Number of pages / Number of words: |
3 / 579 |
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During the year, exports grew by 21% yoy. In FY03, the Indian pharma market is estimated to have exported drug worth Rs 110bn. The comparative advantage lies in the low cost of bulk drug manufacturers. In the past five years, the pharma exports grew by 30% per annum. Formulation exports (i.e. finished products) are largely to developing nations in CIS, South East Asia, Africa and Latin America...
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Formulation exports (i.e. finished products) are largely to developing nations in CIS, South East Asia, Africa and Latin America. In the last three years generic exports to developed countries have picked up. In the coming years, opening up of US generics market and anti AIDS market in Africa would keep export growth high...
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