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Indore SEZ exports surge 32 percent on strong pharma demand

Indore: In a major boost to Madhya Pradesh's industrial momentum, exports from the Indore Special Economic Zone (SEZ) soared 32 percent in the first seven months of the ongoing financial year, touching Rs 8,127.67 crore, officials has said.
According to an official from Union Ministry of Commerce and Industry, the Indore SEZ saw a sharp rise in exports between April and October. This marks a significant jump from Rs 6,157.11 crore recorded during the same period last year.
The has been driven primarily by increased orders from pharmaceutical units.
"About 70 per cent of exports from the Indore SEZ are pharmaceuticals, and the United States is among the top importers of these drugs," the official said.
Read also: Shree Ramkrishna Exports forays into pharma space with launch of Kriam Pharma
Read also: India's pharma exports expected to cross USD 30 billion by this year end: Dr Jitendra Singh
Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751

