New Delhi, Jun 11: The Department of Pharmaceuticals has given its nod for lifting of ban on the export of hydroxychloroquine, Union Minister D V Sadananda Gowda said on Wednesday.
India had banned export of hydroxychloroquine on March 25, with some exceptions, amid views in some quarters that the drug could be used to fight COVID-19. On April 4, it completely banned the exports without any exception.
"Department of Pharmaceuticals has approved the lifting of ban on export of Hydroxychloroquine API as well as formulations. Manufacturers except SEZ/EOU Units have to supply 20 per cent production in the domestic market," the minister of chemicals and fertilisers said in a tweet.
The Directorate General of Foreign Trade (DGFT) has been asked to issue formal notification in this regard, he added.
In another tweet, Gowda said he held discussions with representatives of pharma companies along with some of his ministerial colleagues on the challenges being faced by the industry and on the roadmap to boost exports.
"Had detailed discussion with representatives of pharma companies & association, stakeholder Ministries along with Hon Ministers @piyushGoyal ji, @HardeepSPuri ji, & @MansukhMandviya ji on entire gamut of challenges faced by the industry as well as strategies to boost pharma export," Gowda tweeted.
India exported hydroxychloroquine API (active pharmaceutical ingredient) worth USD 1.22 billion in April-January 2019-20.
During the same period, exports of formulations made from hydroxychloroquine was at USD 5.50 billion.
Comments
See, poors will have to suffer, riches have already shifted their amounts 'to foreign countries.....they are safe....poor's had some amount of hard earned money that they will have to lose for unwanted reason....the curse of these people will surely fall on these bloody useless politicians....
I haven't seen any politicians standing in line in front of banks to withdraw money....why why why....have they been given a chance of exchanging their money earlier than the announcement, public needs to know.....this is very bad...
people should teach them nice lesson in next election....
Don't worry let him die . don't disturb our Modiji he is enjoying his Japan trip.
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