Indian media: China will provide a platform for India | or expand Indian medicine exports to China

According to a report from the Indian Press Trust on June 26, a senior official of the Indian government stated that China has agreed to provide specific training programs for Indian pharmaceutical companies, which will facilitate the export of Indian medicines to China.

The official said: 'China has assured us that they will provide a platform for Indian drug exports and will also provide specific training to our company.'

According to reports, India has repeatedly and vigorously promoted its neighboring country in China. drug Export. On the other hand, 60% of India's raw material demand is imported from China.

In 2016-2017, India's imports of active pharmaceutical ingredients from China amounted to 1.25249 billion rupees (approximately RMB 11.58 billion). In 2017-2018, India's pharmaceutical exports increased by approximately 3% to US$7.27 billion (approximately RMB 46.48 billion). Yuan), of which only China's exports of drugs reached 1.8267 billion US dollars (approximately 1.16 billion yuan). China is the second largest pharmaceutical market after the United States.

The report believes that India’s increase in Chinese medicine exports will help India compensate for the growing trade deficit between China and India. The trade deficit between the two countries has increased from US$51.08 billion in FY16-FY17 to FY17-18. 631.2 billion US dollars.