Country targets registering USD 15.5bn in pharmaceutical exports in FY 2012-13.

By bne IntelliNews January 21, 2013
India targets to export pharmaceutical products worth USD 15.5bn this fiscal year, which is an increase of about 17% as compared to USD 13.22bn registered during the last fiscal year. As reported by Press Trust of India, the Ministry of Commerce and Industry Joint Secretary Mridul Jain stated that the USD 25bn target for pharmaceutical exports next fiscal year is likely to be a challenging task considering the global downturn. The European and American markets are responsible for 55% of the country's pharmaceutical product exports.

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