The two-day national exhibition of pharmaceutical and nutraceutical
industries in south India, ‘Pharmac South-2014’ began at Chennai Trade
Centre, with the participants deciding to augment their contribution to
the total export value of pharmaceutical products in the next fiscal.
Inaugurating the exhibition, IDMA president S V Veeramani said that in 2013-14 India exported medicines worth Rs.90,000 crore, in which south Indian pharma companies’ share was 51per cent as per the data available with CDSCO office in Chennai. It will be increased to 12 to 15 per cent in the coming year, he said and added that domestic market value in 2013-14 was Rs.75,000 crore in which 35 per cent contribution was from south Indian companies.
Veeramani claimed that the major supporting factors to boost the exports from south India are concentration on quality orientation, ethical approach and the law-abiding behaviour of the manufacturers. Further, a very conducive political atmosphere is existing in all the states in the south compared to other parts of the country. Moreover, lot of highly qualified professionals are always available in Tamil Nadu, Andhra Pradesh and Karnataka. All these factors constitute a very good atmosphere for exports.
Inaugurating the exhibition, IDMA president S V Veeramani said that in 2013-14 India exported medicines worth Rs.90,000 crore, in which south Indian pharma companies’ share was 51per cent as per the data available with CDSCO office in Chennai. It will be increased to 12 to 15 per cent in the coming year, he said and added that domestic market value in 2013-14 was Rs.75,000 crore in which 35 per cent contribution was from south Indian companies.
Veeramani claimed that the major supporting factors to boost the exports from south India are concentration on quality orientation, ethical approach and the law-abiding behaviour of the manufacturers. Further, a very conducive political atmosphere is existing in all the states in the south compared to other parts of the country. Moreover, lot of highly qualified professionals are always available in Tamil Nadu, Andhra Pradesh and Karnataka. All these factors constitute a very good atmosphere for exports.
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