Indian pharma exports expected to touch USD 28 billion in FY 24: Pharmexcil Director General

The exports from Commonwealth of Independent States (Russia and others) was down by 8.42 per cent to USD 1.15 billion due to disturbances in some countries, he said.

To another query, he said the US Food and Drug Administration officials inspection on Indian manufacturing sites have not picked up and is yet to reach the pre-covid levels.

He said the Ministry of Commerce is aware of the situation and is taking up the issue with the USA.

Meanwhile, the ninth edition of the International Pharma Exhibition (IPHEX), a flagship event of the Pharmexcil is being organised with the support of the Ministry of Commerce and Industry, from July 5 to 7 here.

For the last eight editions, a total of 4,500 plus foreign delegates including regulatory officials, public procurement agencies, journalists and importers from 120 plus countries, 3,500 exhibitors and over one lakh visitors attended, Bhaskar said.

The ninth edition of IPHEX, is a special edition being organised on the occasion of G20 presidency by India, with exhibition, business meetings and an exclusive "G20 focussed CEOs Round Table" inviting delegates from over 120 countries, he added.