TaxTMI 
TaxTMI 
Pharmaceutical Industry.
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....harmaceutical Industry. <br>News and Press Release<br>Dated:- 19-12-2011<br><BR>Press Information Bureau Government of India Ministry of Commerce & Industry 19-December-2011 14:29 IST Pharmaceutical Industry As per available information, Indian Pharmaceutical exporters are facing intense competition in international markets from China, particularly in Bulk drugs sector. Competition in formula....
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....tions is also increasing gradually from China. India is also facing competition from Brazilian companies in Latin American Countries. Exports of India, China and Brazil for the last three years are given below:- In US $ Millions 2008 2009 2010 Country Bulk Formulations Bulk Formulations Bulk Formulations Brazil 89.43 960.19 92.40 1077.34 82.27 1270.40 China 5079.74 2888.69 5....
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....074.92 3397.26 6040.26 4461.17 India 815.82 5003.35 905.08 5009.56 1034.04 6093.22 Source: UN COMTRADE Government has already prepared strategies to double the pharma exports to USD 25 billion by 2013-14, including 'Increase in the share of India's Pharma exports to China'. As per extant FDI policy, FDI, up to 100% under the automatic route, is permitted for Greenfield investments i....
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....n the pharmaceuticals sector, while FDI, up to 100%, is permitted for brown field investments (i.e. investments in existing companies), in the pharmaceuticals sector, under the Government approval route. This information was given by Shri Jyotiraditya M. Scindia, Minister of State for Commerce and Industry in written reply to a question in the Lok Sabha today DS/GK<BR> News - Press release - PIB....
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