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Faced with drugs shortage, Indian pharma asks envoy to stop Chinese cargo suspension


Faced with drugs shortage, Indian pharma asks envoy to stop Chinese cargo suspension
On 26 April, China suspended for 15 days cargo flights by Sichuan Airlines that transports medical supplies to India. India imports 70% of its pharmaceutical raw materials from China.
Himani Chandna 29 April, 2021 7:45 pm IST
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New Delhi: India is staring at a possible shortage of critical and life-saving medicines, with China deciding to suspend its cargo services to the country for 15 days.
This was at the heart of a letter written by The Pharmaceuticals Export Promotion Council of India (Pharmexcil) India’s apex pharma export body and an arm of the Ministry of Commerce and Industry to India’s Ambassador in China, Vikram Misri, on 29 April. ....

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Indian pharma frets as China airline uncertainty hits supply


Indian pharma frets as China airline uncertainty hits supply
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Sichuan Airlines Airbus A319.   | Photo Credit:
AFP
India’s pharmaceuticals industry is concerned that the disruption to Chinese carrier Sichuan Airlines’ cargo services to the country may seriously hit the imports of key raw materials and has appealed to the Indian envoy to help find a solution.
“The decision of Chinese state-owned Sichuan Airlines suspending its cargo services to India for 15 days is worrisome,” Pharmaceuticals Export Promotion Council of India (Pharmexcil) director general Ravi Udaya Bhaskar said, urging the Indian embassy in Beijing to intervene. Notwithstanding reports that the airline was mulling a new plan to resume its cargo flights to the region, an industry official said the carrier’s services to India remained suspended for a few days now. Sichuan operated to 6 Indian cities and other industries too depend on its services ....

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India urges China to clear bottlenecks on key pharma raw-material


India urges China to clear bottlenecks on key pharma raw-material
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Synopsis
The Pharmexcil director-general Ravi Uday Bhaskar wrote to Indian Ambassador in China Vikram Misri for an immediate intervention in the backdrop of the decision of the Chinese state-owned Sichuan Airlines to suspend its cargo services to India for 15 days following the second wave of Covid-19.
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Pharmaceuticals Export Promotion Council of India (Pharmexcil), the country’s nodal agency for exports of pharmaceuticals, on Thursday appealed to the Indian Ambassador in China to immediately intervene in clearing bottlenecks on import of key raw materials from China amid serious supply chain disruptions. ....

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Deloitte India's forecast: India May Expect Double-digit Growth in FY2022


Deloitte India s forecast: India May Expect Double-digit Growth in FY2022
Apr 11, 2021, 15:40 IST
Deloitte global chief Puneet Ranjan is very bullish about India’s future and economic potential. According to Deloitte India’s forecast, India may expect double-digit growth in FY2022. This is due to various factors like - Pent up consumer demand; widespread vaccine deployment; improved consumer and business confidence; increased government spending, sufficient liquidity and reforms undertaken by the government. 
Even before the pandemic, many were predicting the “Indian Century” given the central role India is playing in developing the technologies of tomorrow, its large domestic market and its contributions to the global economy. India has capitalized on its incredible wealth of raw talent. IT services companies and the Global Capability Centres in India– run by skilled Indian technicians - ensure global operations not only run seamlessly but step up w ....

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