India Medicine Exports: After giving Made in India vaccine to the world during the Corona epidemic, India’s dominance in the medical field is continuously increasing. The situation is that about 60 percent of the vaccines worldwide are exported from India, while India also sends 20 percent of the generic medicines consumed worldwide. Have you ever wondered how many countries India provides medicines to? Believe me, you will be surprised if you know this figure.
India sends medicines to about 200 countries
According to Dr. Veermani, Chairman of Pharmaceutical Export Promotion Council of India (Pharmaxil), India’s dominance in the pharmaceutical industry is continuously increasing. At present India sends medicines to about 200 countries of the world. These include providing comprehensive solutions in API, sending finished medicines, clinical research and pharmacovigilance etc. Let us tell you that he had given this information in the CPHI and P-Make India Pharma Expo organized at the Expo Center in Greater Noida. New technologies to increase the export and production of Indian medicines were also discussed here.
Many countries depend only on Indian medicines
If we look at the figures, India is on top in terms of manufacturing and exporting generic medicines. Cheap medicines for dangerous diseases like Hepatitis B, HIV and Cancer are made in India only. If we talk about Africa only, India fulfills 50% of the demand for generic medicines there. Apart from this, India exports 40 percent of the total requirement of generic medicines to America and 25 percent to Britain.
India’s dominance will be this much by 2047
If we look at the data of platforms like CPHI, India’s capability in this field is continuously increasing. According to Yogesh Mudras, MD of Informa Markets India, at present India exports medicines worth about $55 billion. If seen in Indian rupees, this amount is more than Rs 4 lakh crore. By 2030, this figure may reach $130 billion and by 2047, India will be in a position to export medicines worth up to $450 billion. He said that the policies of American and European countries are very strict in the pharmaceutical business, but in the last few years, Indian companies have made inroads in these countries also. Now the situation is such that even if India is called Pharmacy of the World, it would not be wrong.
Will cancer be cured by new therapy?
WPO’s Global Ambassador AVPS Chakraborty said that the Indian pharmaceutical industry is continuously working to find a cure for dangerous diseases like cancer. In this regard, the ongoing research on Cartisel therapy has reached the final phase. He told that this therapy works on the macrolide antibiotic nafithromycin technology. It is believed that this therapy can play a very important role in the treatment of cancer.
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