Ahmedabad, July 15 (IANS) Ahmedabad marked the operational launch of exports under the India-United Kingdom Comprehensive Economic and Trade Agreement (CETA) on Wednesday as the first export consignment from the region destined for the United Kingdom was flagged off from the Inland Container Depot (ICD) at Sanand, signalling the start of preferential tariff trade under the agreement that came into force on July 15. The consignment, valued at more than Rs 3.07 crore, comprised cargo from seven ex…
Latest Pharmaceuticals News & Updates
New Delhi, July 15 (IANS) The India-UK Comprehensive Economic and Trade Agreement (CETA), which came into effect on Wednesday, will open up new opportunities for Indian exporters, deepen technology partnerships and enhance the country’s global competitiveness, leading industry chambers said on Wednesday.Marking the implementation of the trade pact, PHDCCI released a research report titled ‘India–UK CETA: A Strategic Guide to Export Opportunities and Market Access’, providing an assessment of t…
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…
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…