Pharmaceutical Export Promotion Council of India (Pharmexcil) is the authorized agency of the government of
India
India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...
for promotion of
pharmaceutical
Medication (also called medicament, medicine, pharmaceutical drug, medicinal product, medicinal drug or simply drug) is a drug used to diagnose, cure, treat, or prevent disease. Drug therapy ( pharmacotherapy) is an important part of the ...
exports from India. It was set up under the provisions of Foreign Trade Policy by the
Ministry of Commerce and Industry A ministry of trade and industry, ministry of commerce, ministry of commerce and industry or variations is a ministry that is concerned with a nation's trade, industry and commerce.
Notable examples are:
List
*Algeria: Ministry of Industry and ...
in May 2004. Various pharmaceutical products, namely, bulk drugs, formulations, Biotech Products, Indian Systems of medicines, herbal products, diagnostics, clinical research, etc. are covered under its purview. Pharmexcil takes up several external trade promotion activities by organizing trade delegations outside India, arranging buyer-seller meetings, international seminars, etc.
The agency's headquarters is located in
Hyderabad
Hyderabad is the capital and largest city of the Indian state of Telangana. It occupies on the Deccan Plateau along the banks of the Musi River (India), Musi River, in the northern part of Southern India. With an average altitude of , much ...
. Present Chairman is Dr Dinesh Dua, Nectar Life Sciences Ltd, Late Shri D.B. Mody was the founding chairman.
The Indian pharmaceutical industry has become the third largest producer in the world and is poised to grow into an industry of $20 billion in 2015 from the current turnover of $12 billion.
Its current chairperson is Sahil Munjal. In 2022, the organization is planning to increase India's export of medicine to China.
References
External links
Official websitePharma Franchise
{{Ministry of Commerce and Industry (India)
Pharmaceutical industry of India
Export promotion agencies of India
Government agencies established in 2004