14-May-2013
HYDERABAD: Pharma exports from Andhra Pradesh ports declined to 18% as compared to 22% in 2012 as many pharma companies from the state preferred to ship their products from western ports, said a top government official on Monday at a seminar on exports growth in Andhra Pradesh.
Though Hyderabad is the largest exporter of bulk drugs in the country and is closer to ports such as Visakhapatnam, Chennai, Krishnapatnam, many state-based pharma companies preferred Western ports, mainly JNPT, to export their drugs, Pharmaceuticals Export Promotion Council of India (Pharmexcil), director general PV Appaji said.
"We are reviewing the situation. There could be many factors that could have led to such a situation. First, the merchants who carry out the trade are mainly from Mumbai, which is why they would certainly go for Maharashtra ports. Secondly, due to power shortages, there might have been a shortfall in production this year from Hyderabad, which in turn could have led to low exports," he said.
Krishnapatnam Port chief executive officer Anil Yendluri said that though his port currently does not have the requisite permissions to export pharma products, they were trying to get those approvals.
Meanwhile, speaking at the inaugural session, Union minister of state for commerce and industry D Purandeswari, said that the central government will be reviewing certain Free Trade Agreements (FTA) but has not set any specific time-frame for the exercise.
Federation of Indian Export Organisations director-general and chief executive officer Ajay Sahai said India must focus on strengthening trade ties with emerging markets and shun its dependence on US or Europe.
Source:-articles.timesofindia.indiatimes.com
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