China gives India competition in bulk drugs market

09/10/2013 | Business Standard (India)

China's exports of bulk drugs to India are growing at the rate of 30% annually, while Indian exporters are finding it difficult to enter the Chinese market, according to Indian pharmaceutical experts. Bulk drugs from China are growing in popularity because of price and availability, said Sunil Parekh of the global research company Crisil. Cheaper API imports from China are hurting domestic Indian API makers but may be a boon to generic drug companies.

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