India woos Iran with its affordable generic drugs

January 31, 2013

generic_drugsNew Delhi, Jan 31: India is hard selling its cost effective generic drugs to Iran and competing against the expensive medicines from Europe, according to Pharmexcil, the apex body responsible for promotion of the country's pharma exports.

"Iran imports more active pharmaceutical ingredients than formulations from India. Instead of paying high cost to Europe, they should source drugs from India. We have been trying to impress this upon them," Pharmaceuticals Export Promotion Council of India (Pharmexcil) Director General P V Appaji told PTI.

Pharmexcil had recently taken a 25-member delegation to Iran in order to promote pharma trade with the Western Asia nation, he added.

Besides, the organisation is trying to expand trade ties with African and Latin American countries.

"We are concentrating on Latin America and Africa as areas where we can increase our pharma exports. During the recently concluded Vibrant Gujarat Summit, we had invited some 70 delegates from Africa," Appaji said.

Pharmexcil is also participating in the Arab Health 2013, the second largest healthcare event in the world, being held in Dubai to promote Indian pharma companies in the region.

"Indian companies are aware of the market potential in the Middle East and they will showcase a unique variety of high-tech and innovative products, aiming to expand their business in the Middle East region," Appaji said.

When asked about the growth of the Indian drug exports, Appaji said: "US continues to be in the lead role with over 27 per cent exports," adding that the country exported USD 13.2 billion worth of total drugs for the year ended March 31, 2012.

On growth expectations for the current fiscal, Appaji said: "Exports are comfortable at the moment. We expect 20-22 per cent growth in dollar terms."

"Several challenges are there..API exports to Europe have come with a new requirement..every consignment needs to be accompanied with a written confirmation from a competent authority..we are working to pass this requirement comfortably," Appaji said.

Indian pharmaceutical exports to Europe currently stand at around USD 1 billion.

Pharmexcil, set up by the Ministry of Commerce and Industry in 2004, has been tasked with the promotion of the Indian pharmaceuticals industry around the world.

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March 3,2020

Daman, Mar 3: A BJP councillor was shot dead on Monday in the Union Territory of Daman, police said.

Salim Memon was sitting in his motorcycle showroom when three to four unidentified persons shot four to five bullets after asking a visitor there to move out, an official said quoting eye-witnesses.

While fleeing, they also shot two rounds close to this visitor who was standing outside, he said.

"Memon was rushed to a hospital in Marwad area but was declared dead on arrival. CCTV footage is being scanned to nab the culprits," said Daman Superintendent of Police Vikramjit Singh.

Memon was elected to Daman municipality as a Congress candidate but then switched over to the BJP.

Sources said Memon, who also has a land brokerage business, had come out of jail a few months back in connection with a case of rivalry.

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May 3,2020

New Delhi, May 3: Union Health and Family Welfare Minister Dr Harsh Vardhan on Sunday said that India's COVID-19 mortality rate of 3.2 per cent is the lowest in the world and over 10,000 coronavirus patients have been discharged from hospitals after recovering from the disease so far.

"Today more than 10,000 COVID-19 patients have been discharged. Those still admitted at hospitals are on the road to recovery. If in last 14 days doubling rate was 10.5 days, then today it is around 12 days," the Minister told ANI after visiting Lady Hardinge Hospital.

"Our mortality rate of 3.2 per cent is the lowest in the world," he said.

With 2,644 more COVID-19 cases and 83 deaths in the last 24 hours, the number of people infected from coronavirus in the country has reached 39,980 including 1,301 deaths, said the Union Ministry of Health and Family Welfare on Sunday.

Currently, there are 28,046 active cases while 10,633 COVID-19 positive patients have been cured/discharged.

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January 17,2020

New Delhi, Jan 17: Deputy Chief Minister Manish Sisodia does not have any car on his name, according to information shared in the poll affidavit filed by him for Delhi elections.

In the affidavit, it is also shown that while his self-acquired immovable property remained roughly the same as in 2015. His wife's self-acquired immovable property is worth roughly about Rs 65 lakh, as per his latest affidavit.

In the papers submitted during the nomination for 2015 Delhi polls, the senior AAP leader had declared that he owned a Maruti Swift car of make 2013.

However, in his 2020 affidavit, he has mentioned "nil" in the column for motor vehicles and other means of transport.

In the affidavit submitted on Thursday, his moveable assets were declared worth Rs 4,74,888 for 2018-19, as against Rs 4,92,624 for 2013-14.

In 2015, Sisodia had informed in his affidavit that he had bought a property in Vasundhara, Ghaziabad, worth Rs 5.07 lakh in April 2001. The approximate current market value of self-acquired property in 2015 was Rs 12 lakh.

In his current affidavit, the AAP leader has mentioned the same property. However, the approximate current market value of self-acquired property in 2020 has increased to Rs 21 lakh.

In his affidavit for the 2015 polls, Sisodia had also said that his wife had purchased a property in March 2008 costing Rs 8.70 lakh. At that time, the approximate value of her self-acquired property was Rs 20 lakh.

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