New Delhi, July 8 (IANS) India and Tajikistan reaffirmed their commitment to strengthening bilateral economic ties during the 12th Meeting of the India-Tajikistan Joint Commission on Trade, Economic, Scientific and Technical Cooperation, held via video conference recently, according to an article. The Commission also reviewed potential collaboration across sectors including energy, hydropower, renewable energy, mining, critical minerals, textiles, digital economy, transport, logistics, and finan…
Latest Pharmaceuticals News & Updates
New Delhi, July 7 (IANS) Bharatiya Janata Party (BJP) Rajya Sabha MP Sudhanshu Trivedi on Tuesday strongly advocated for exploring and harnessing the country’s inherent potential in traditional pharmacy, given its long-standing legacy in the field and called for greater focus on shoring up the sector. The Rajya Sabha MP lauded the Narendra Modi government’s proactive approach in identifying the opportunity and also taking major step towards establishing the country as a global hub of traditional…
New Delhi, July 3 (IANS) In a significant step towards strengthening bilateral economic ties, India and Mali institutionalised their growing commercial partnership through the inaugural India-Mali Forum for the Promotion of Exports, setting the stage for deeper trade and investment cooperation between the two countries, according to a statement issued by the Commerce and Industry Ministry on Friday. The two-day forum, held in Bamako under the theme “Reinforcing Trade and Strategic Partnerships”,…
Paris/New Delhi, July 3 (IANS) The India-France Strategic Partnership is uniquely positioned to drive the next phase of sustainable, resilient and innovation-led growth, Finance Minister Nirmala Sitharaman has said.Addressing an India-France Business Roundtable with leading businesses and institutions in Paris, she set the context of a rapidly-evolving global economy shaped by technological transformation, supply chain diversification, energy transition and geopolitical developments.The Finance …
New Delhi, July 2 (IANS) India and Japan on Thursday expanded their strategic partnership by signing a series of agreements covering economic security, artificial intelligence (AI), defence technology, clean energy, healthcare and maritime security following bilateral talks between Prime Minister Narendra Modi and his Japanese counterpart Sanae Takaichi in New Delhi.Takaichi is on a three-day official visit to India from July 1 to 3 at the invitation of Prime Minister Modi. The two leaders held …
Vadodara, June 29 (IANS) Gujarat Chief Minister Bhupendra Patel on Monday held a one-to-one meeting with Ukraine’s Ambassador to India, Dr Oleksandr Polishchuk, during the Vibrant Gujarat Regional Conference (VGRC) for Central Gujarat, with discussions focusing on expanding cooperation in pharmaceuticals, agriculture, renewable energy and green hydrogen. The meeting took place on the opening day of the two-day conference in Vadodara, which has brought together diplomats, investors, policymakers …
New Delhi, June 24 (IANS) India can significantly strengthen its position in the global pharmaceutical industry by moving beyond volume-led exports and focusing on higher-value products such as biosimilars, speciality drugs and advanced therapies, according to Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings.In an interaction with IANS, Sharma said India already enjoys a leadership position in the global generics market, accounting for around 20 per cent of generic medicine exports w…
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…
New Delhi, June 23 (IANS) While India remains one of the world’s largest suppliers of generic medicines and a major provider of vaccines and essential drugs, its global export share in pharmaceuticals and Active Pharmaceutical Ingredients (API) remains modest at 2.8 per cent, indicating scope for expansion amid rising global demand for medicines, biologics, and speciality therapeutics, a NITI Aayog report said on Tuesday.Global pharmaceutical and API import demand is valued at approximately $1…
New Delhi, June 19 (IANS) India and Uzbekistan on Friday agreed to deepen trade ties, address the issue of non-tariff barriers and work towards doubling bilateral trade in the next three years, according to a statement issued by the Ministry of Commerce and Industry on Friday. Rajesh Agrawal, Department of Commerce Secretary, co-chaired the 14th Session of the India-Uzbekistan Intergovernmental Commission on Trade, Economic, Scientific and Technological Cooperation with Shokhrukh Gulamov, Deputy…