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).
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"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.
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Farhat Nasim joined Medical Dialogue an Editor for the Business Section in 2017. She Covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She is a graduate of St.Xavier’s College Ranchi. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751 To know about our editorial team click here
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