Year: 2016

  • The Indian pharmaceutical exports industry is growing steadily and the future looks even brighter. With fewer challenges and more opportunities for the Indian Pharmaceutical giants, the export sector is surely going to add to their business in a significant way. Trade experts feel that Indian companies need to keep up the innovation and aggression to stay ahead of competitors like China. The internal and external markets, both are showing buoyancy with a few signs of caution.Here are some key trends to watch out for: According to IBEF The Indian Pharmaceutical industry is set to reach $50 billion by the year 2016. Exports of pharmaceutical products from India is set to reach $20 billion according to a study conducted by ASSOCHAM research. In percentage terms, the Indian pharma generic exports grew faster than the worldwide pharma market between the 2012-13 and 2014-15. Here are some key strengths of the pharma industry in India: Strengths Of The Indian Pharmaceutical Exports The country has one of the lowest cost of manufacturing and is one of the fastest growing, as far as pharmaceutical products is concerned. The increasing support from the government for the pharmaceutical industry and a steady rate of growth in revenues, are all working in favour of the industry.There are 4 key competitive advantages of the Indian pharmaceutical industry include:  Availability of raw material Skilled workforce Low cost of innovation Extensive Distribution Network India has skilled technicians and pharma professionals who are adept at the English language. This helps in low cost of innovation, manufacturing compliance and documentation. The Generic Advantage The Indian pharmaceutical Industry mainly caters to the generic drug market. The main focus of pharmaceutical exporters in India includes: Generic Drugs Active Pharmaceutical Ingredients OTCs Patented Drugs Biosimilars India is among the largest exporters of generic drugs globally. The following data shows the...
  • It is the year 2016 and the Indian Shipping and Freight industry will undergo a lot of changes, some short term while others may be forever. Here we look at seven major events which will change the industry. 1. China’s Slow down In a nutshell our exports to China will reduce and with cheaper Chinese imports our domestic companies will be hit. However, there is a positive side to it as well, this is making India a more attractive destination for manufacturing. In addition to electronic components, consumer electronics, electrical, equipment, industrial machinery and chemicals, India is also one of the largest markets for project exports from China. Now, if you are in the freight business, strong in China, you should start focussing on the project exports business from China :). 2. Margin Squeeze: big surprise driver for change Freight rates are lowest in the history. However, margins are not entirely dependent on freight rates. With Internet penetrating every aspect of business as an information enabler, it is difficult to earn on arbitrage margins. As a result, most of the freight forwarders are moving into service based models and for some, ocean freight is not a profitable business to be in anymore.  Relationships are shorter, spot quotes are on the rise, customers are more demanding and online sales competition from carriers is squeezing forwarder. 3. Global E-Commerce With Alibaba’s advent in India, people are predicting more international e-commerce players to enter into India. IndianTradePortal.com is also making the discovery of Indian Suppliers easier for international businesses. The Government is pro-actively searching for ways to enable global e-commerce. 4. GST On Imports, along with basic customs duty there will be additional customs duty in lieu of CVD /Excise and the Special Additional Duty (SAD) in lieu of sales tax/VAT will be subsumed...