New Delhi, April 8 (IANS) Amid rising tensions in the Middle East, the Indian government on Wednesday introduced a new formula for LPG allocation aimed at supporting critical sectors such as pharmaceuticals, food processing, and agriculture.According to the Ministry of Petroleum and Natural Gas, the revised policy will ensure bulk LPG supply to a wide range of industries, including pharma, food, polymers, agriculture, packaging, paints, steel, ceramics, glass, and aerosols.These sectors are cons…
Latest pharmaceutical industry News & Updates
New Delhi, April 4 (IANS) The government is working to ensure minimal disruption to supply chains amid global uncertainties, while remaining prepared for a potential dip in exports and imports, Commerce Secretary Rajesh Agrawal said on Saturday.Addressing the press conference on the sidelines of a ‘Chintan Shivir’ session in Hyderabad, Agrawal told the media that the initiative aims to bring together government and industry stakeholders to identify challenges and chart a clear roadmap.The offi…
Washington, April 3 (IANS) The United States will impose tariffs of up to 100 per cent on imported patented pharmaceuticals, with President Donald Trump citing national security risks and heavy reliance on foreign supply chains.In a proclamation issued Thursday, Trump said pharmaceuticals and related ingredients “are being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States.”The proclamation targe…
New Delhi, March 21 (IANS) India’s pharmaceutical industry has evolved into a globally integrated and policy-supported system, ranking third globally by volume and 11th by value, with more than 3,000 companies and 10,500 manufacturing units, an official factsheet showed on Saturday.The domestic pharmaceutical market, valued at $60 billion, is projected to reach $130 billion by 2030.According to the Economic Survey 2025-26, in FY25, the sector’s annual turnover reached Rs. 4.72 lakh crore, wi…
Washington, March 20 (IANS) Facing rising health care costs and access gaps, US senators advanced bipartisan proposals on drug pricing, maternal care and insurance reform.At a Senate Health, Education, Labor, and Pensions Committee hearing, lawmakers from both parties pitched a wide range of bills aimed at lowering costs, expanding access, and addressing workforce shortages.Opening the session, Committee Chairman Bill Cassidy stressed the need for practical solutions. “As chair, my focus is cu…
New Delhi, March 13 (IANS) Pakistan is facing a serious shortage of essential medicines as the ongoing conflict in the Middle East disrupts the import of pharmaceutical raw materials and other critical supplies, according to a new report.The neighbour nation’s existing stock of pharmaceutical raw materials is sufficient for only about one-and-a-half months, according to the report in The Express Tribune.The conflict involving Iran, Israel and the United States has led to the suspension of seve…
New Delhi, March 2 (IANS) India’s active pharmaceutical ingredient (API) market, currently valued at about $15–16 billion, is projected to grow at a compound annual growth rate of 5–7 per cent in FY27 and FY28, a report said on Monday.The report from CareEdge Ratings said the growth will be driven by favourable government policies, a structural shift toward high‑potency and complex APIs, rising domestic demand and deeper penetration into regulated and emerging markets.Indian pharma firms…
Washington, Feb 7 (IANS) Two US senators from rival parties introduced legislation this week that would require prescription drug labels to disclose where medicines and their key ingredients are made, a move aimed at increasing transparency in a supply chain heavily reliant on overseas manufacturing.US Senators Seek Drug Origin Democratic Senator Kirsten Gillibrand and Republican Senator Rick Scott said the proposal would help patients, pharmacists and doctors better understand the origins of th…
New Delhi, Jan 28 (IANS) Union Ministry of Health and Family Welfare on Tuesday notified key amendments to the New Drugs and Clinical Trials (NDCT) Rules, 2019, which will help reduce drug development timelines, as well as strengthen the clinical research and pharmaceutical development ecosystem.The amendments are aimed at simplifying regulatory processes, reducing approval timelines, and promoting ease of doing business.The regulatory reforms will provide substantial benefits to stakeholders wh…
Vapi, Jan 23 (IANS) Industries in Gujarat’s Vapi district, which earn crores of rupees in foreign exchange through exports, are currently going through a difficult phase due to the Trump-led US administration’s tariffs on Indian products. In such a scenario, there are expectations that the Union Budget presented by the Central government this time will provide relief to the local industries in the state. In the coming days, the Central government will present the Union Budget on February 1 this …