Seoul, July 2 (IANS) South Korea’s exports of pharmaceuticals surpassed $10 billion for the first time last year, while production of such products also climbed to a new record high, government data showed on Thursday.South Korean companies exported a total of $10.44 billion worth of pharmaceuticals in 2025, up 12.4 percent from a year earlier, according to the data from the Ministry of Food and Drug Safety, reports Yonhap news agency. Imports advanced 5.9 percent on-year to $8.93 billion.Trade …
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New Delhi, June 23 (IANS) India, which is one of the world’s largest suppliers of generic medicines and a major provider of vaccines and essential drugs, needs to make a quantum jump into manufacturing high-value pharmaceuticals and Active Pharmaceutical Ingredients (API), and there has to be strong Production Linked Incentive (PLI) schemes to achieve this, economists said on Tuesday.Commenting on the NITI Aayog report on pharmaceutical trade that came out on Tuesday, economist Ved Jain told I…