India fourth largest supplier of generic medicines to US: Government

India has emerged as the fourth largest supplier of generic medicines to the United States.

It was announced by Minister of State (MoS) for Chemicals and Fertilizers Hansraj Ahir gave this information in the Rajya Sabha in reply to a question.

India’s generic medicines exports have touched over US 4 billion dollars in 2013-14 in spite of stringent regulatory measures imposed by US.

Union Government also announced that Indian pharmaceutical companies are already exporting generic medicines to Africa, West Asia and European countries.

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Categories: Business & Economy Current Affairs 2017

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