Indian pharmaceutical companies will soon be asked to seek a no objection certificate for the export of 12 APIs and their formulations, as the country deals with Chinese raw material supply disruptions on the back of the coronavirus crisis. However, the move is not expected to impact the export quantum for now.
As India's pharma firms consider measures to deal with the disruption of raw material supplies from China due to the coronavirus outbreak, exporters of a few active pharmaceutical ingredients (APIs) will soon have to seek a no objection certificate (NOC) from India's trade regulating body, Directorate General of Foreign Trade (DGFT).
Given that nearly two-thirds by value of its total API imports come from China, the Indian pharma industry faces a...
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