China's huge vaccine manufacturing capacities are posing a major threat to India's dominance in the global vaccine market, the Pharmaceuticals Export Promotion Council of India (Pharmexcil) warned.
PV Appaji, director general of Pharmexcil said on Wednesday that India would lose its supremacy in the global vaccine market unless the government comes forward to help the domestic vaccine makers.
Speaking on the topic, Appaji said, "China has come up with much larger capacity units which are a big worry for the entrepreneur driven Indian vaccine sector."
He urged that government to come forward to help domestic vaccine manufacturers with capacity building by providing them with adequate power supply, infrastructure and funds at affordable interest rates to enable the domestic industry to meet the Chinese challenge.
He also pointed out the ongoing power shortages for the industry in Andhra Pradesh. He said that power crisis in the state had pushed the pharma units' operating costs up by more than 5 per cent, which was just unaffordable for the small & medium units.
The Pharmexcil Director General also said that Latin America and Africa had been identified as new exports markets for Indian pharma industry.
At present, India's low-cost vaccine industry exports vaccines to as many as 150 countries and meets 40-70 per cent of World Health Organization's demand for DPT and BCG vaccines and 90 per cent demand for measles vaccines.
In a somewhat delayed reaction to Instagram’s March 15 announcement about proposed changes to its news feed, the users of the popular photo-sharing site are vehemently opposing the changes.
According to reports, Instagram users are...
A new study by the Massachusetts Institute of Technology (MIT) has revealed that Istanbul lies...
The Michael J Fox Foundation is aiming to test wearable sensors in smart watches made by Intel's...
Bigwig automaker BMW launched its new 2016 BMW M2 Coupe at the Laguna Seca race track in California this week.
The 2016 BMW M2 Coupe, which has already received upbeat reviews from auto experts, will become available for purchase at...
Rapid increase in private consumption by domestic consumers helped the Germany's economy to grow...
In an announcement made on Thursday, Google said that it has eliminated the Google+ log in...
On Thursday, agents from the Texas Office of the Inspector General reached at the Planned Parenthood clinics in Houston, Dallas, and San Antonio unannounced. They were there to have documents related to allegations of Medicaid fraud.
The...
In a recently released YouTube video, Microsoft Research...
Tech giant Google has revealed in a recent announcement...
Bigwig gaming accessory manufacturer Razer has unveiled...
On Thursday, the Wall Street Journal (WSJ) revealed in a...
© 2011 AustrianTribune - Tribune Online Services. All times CET (GMT + 1.00).