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The exports of pharmaceutical products were valued at 1.01 billion dollars in December, the highest in the first nine months of 2008-09.
According to Pharmaceuticals Exports Promotion Council (PHARMEXIL), the total volume of exports increased by 46.3 per cent to 1.01 billion dollars in December from 609 million dollars in the corresponding period last fiscal.
The overseas sales in the first nine months of 2008-09 went up by 21 per cent and touched 8.44 billion dollars as against 6.97 billion dollars in 2007-08.
Venkat Jasti, the Chairman of PHARMEXIL said, "Indian pharmaceutical sector has performed satisfactorily during April-December 2008-09 by registering a growth rate of 28.1 per cent in rupee terms and 21 per cent in dollar terms over the corresponding period of the previous year" .
Jasti said in terms of rupee, shipments stood at Rs 4,934 crore in December, while during April-December 2008 it was valued at Rs 36,877 crore.
According to the Indian Pharmaceutical Alliance Secretary General D G Shah, "In the current economic slowdown, the 21 per cent growth in dollar terms in nine months of fiscal 2008-09 was a good growth".
India's main export destinations for drugs are the US, Europe, South Africa, Brazil and Canada. The Economic Times
April 12, 2009
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