New Delhi, Jan 5 (IANS) India’s pharmaceutical exports reached $30.47 billion in FY 2024–25, registering a 9.4 per cent year-on-year growth, and are on track to surpass last year’s performance in the current financial year, the Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) informed Commerce Secretary Rajesh Agrawal on Monday.PHARMEXCIL also highlighted India’s position as the third-largest pharmaceutical producer globally by volume and a trusted supplier of affordable, q…
Latest Department of Pharmaceuticals News & Updates
New Delhi, Jan 4 (IANS) The Centre has invited proposals under two marginal investment sub-schemes to reduce India’s heavy dependence on imported medical devices and support clinical studies in the medtech sector, more than a year after the schemes were first announced.India currently imports nearly 70 per cent of its medical device requirements. To address this gap, the Department of Pharmaceuticals launched a Rs 500 crore support package in November 2024 to strengthen domestic manufacturing …