Russia-Ukraine crisis: Indian pharma exporters in wait and watch mode
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Hyderabad: Amid the military offensive by Russia against Ukraine, Indian pharma exporters are in wait and watch mode on dispatching fresh orders to them and some of the CIS countries, industry sources said on Thursday.
India exported over USD 181 million worth of pharmaceutical goods to Ukraine in FY 21, nearly 44 per cent growth over the previous year, while Russia contributed nearly USD 591 million last fiscal with a growth of 6.95 per cent compared to a year before, according to Pharmaceuticals Export Promotion Council of India (Pharmexcil), body under the Department of Commerce.
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