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India Boosts Its Independence in Medicines

India’s independence in producing pharmaceuticals is gaining momentum.

For the ending year 2021, total amount of pharmaceuticals imports reached 2.98 billion in India. The exports of the country in 2021 totaled $16.2 billion.

Last week, the claim by the Union Ministry of India about a 25% drop in its imports of raw materials to make pharmaceuticals as the country’s medicines manufacturing has advanced.

The southeast Asian country has, for a few years, imported some ingredients from Italy and the United States to boost medicine production in the country.

In 2021, India’s import value summed up to $140.71 million, the amount in the same period in the current year is roughly $138.94 million. The import of ingredients for pharmaceutical purposes has reduced 1.26% this year. The country is enthusiastically boosting its pharmaceuticals’ manufacturing and required ingredients to stop being reliant on imports from other countries.

 

Last year, India’s ingredients imports included Salicylic Acid, Chlorogenic Acid, Sodium Methoxide, Ammonia Solution, Sulfanilic Acid, and Succinic Acid.

Sodium Methoxide tops the list with an import value of $272 million followed by Chlorogenic Acid and Sulfanilic Acid (valued at $126 million and $92.2 million respectively).

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By Saha on May 26, 2022

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