India seeks to boost drug exports to semi regulated markets in Africa, Latin America, Southeast Asia

The Pharmaceuticals Export Promotion Council of India (Pharmexcil) also plans to push for sales of finished goods to China to bridge the trade deficit, the officials said. The Indian industry imports more than 60% of its raw materials and active pharmaceutical ingredients from China. The U.S. is India's largest market and accounts for slightly more than a third of India's pharmaceutical exports, which comprise mainly cheaper generic versions of popular drugs. Exports to the country rose 20% to about $10.5 billion in fiscal 2025. "The point is how medium and small enterprises and big companies can come together and work on those (semi-regulated)markets," Bhavin Mehta, Pharmexcil's vice chairman, said on the sidelines of a conference. In addition to targeting semi-regulated markets, India is also planning to boost its pharmaceutical exports to Russia, Brazil, and the Netherlands