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LATEST NEWS UPDATES | China accounts for 66 per cent of India's bulk drug imports in FY'17

China accounts for 66 per cent of India's bulk drug imports in FY'17

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published Published on Dec 21, 2017   modified Modified on Dec 21, 2017
-PTI

NEW DELHI: India's bulk drug imports from top five countries stood at Rs 18,372.54 crore in 2016-17 with China accounting for 66 per cent, Parliament was informed today.

In a written reply in Lok Sabha, Minister of State, Chemicals and Fertilisers Mansukh L Mandaviya said the other four major countries from where India imports bulk drugs are Germany, the US, Italy and Singapore.

India's import of active pharmaceutical ingredients (API) from China stood at Rs 12,254.97 crore in 2016-17, while that from the US was at Rs 820.18 crore.

API import from Italy was at Rs 701.85 crore during the year under review, while the same from Germany and Singapore was at Rs 485.11 crore and Rs 422.01 crore respectively.

"It may be mentioned that most of the imports of bulk drugs/ API (are) being done in the country because of economic considerations," Mandaviya said.

As India is a signatory to the WTO and TRIPs agreement, import restrictions have been removed, he added.

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The Economic Times, 19 December, 2017, https://economictimes.indiatimes.com/industry/healthcare/biotech/pharmaceuticals/china-accounts-for-66-per-cent-of-indias-bulk-drug-imports-in-fy17/articleshow/6


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