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Drug exporters wary of tension between India, Pakistan post Pulwama attack


Drug exporters wary of tension between India, Pakistan post Pulwama attack

The Indian pharmaceutical companies exports over USD 140 million to Pakistan with 50 per cent active pharmaceutical ingredients (API).

HYDERABAD: In the wake of rapidly increasing tension between India and Pakistan after the Pulwama attack on February 14, Indian exporters of pharmaceuticals are apprehensive of their future.

According to a top official of the Pharmaceuticals Export Promotion Council, a body under the Ministry of Commerce, the agency was flooded with inquiries if there was any directive from the ministry on the continuance of exports to the neighbouring country.

The Indian pharmaceutical companies exports over USD 140 million to Pakistan with 50 per cent active pharmaceutical ingredients (API).

Also Read: Pulwama Strike: Zydus, Macleods pharma suspend medical representatives over anti-national comments

“There are inquires from the exporters whether they can continue to supply or not. At this point of time, exporters are very cautious. There is a concern over the future, but as of now we are not in a position to say anything. We need to wait and watch,” director general of Pharmexcil Udaya Bhaskar told PTI.

A pharmaceutical company, which exports to Pakistan, said the firm was observing restraint under the current.

A senior executive of a city-based pharma company said as there was tension between both the nations, exports may become costlier to some of the countries in the Middle-East as cargo and passenger flights need to avoid Pakistani skies and take a detour.

On 14 February 2019, a convoy of vehicles carrying security personnel on the Jammu Srinagar National Highway was attacked by a vehicle-borne suicide bomber at Lethpora in the Pulwama district, Jammu and Kashmir, India. The attack resulted in the deaths of 40 Central Reserve Police Force personnel and the attacker.

Also Read: Srinagar: Doctors to boycott Zydus, Macleods, Intas, Sun pharma for suspending Kashmiri employees

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Source: with inputs
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  1. Really sad news about indian army Pulwama Attack.