India ready to export fever drugs to China amid COVID surge - export
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[December 22, 2022]
BENGALURU (Reuters) - India, one of the world's biggest drug
makers, is ready to step up exports of fever medicines to China as it
reels from a spike in COVID-19 cases, the chairperson of an Indian drug
export body said on Thursday.
China's sudden easing of strict COVID-19 rules earlier this month
triggered a surge in demand for fever medicines and virus test kits on
the mainland, leading to shops imposing limits on how much customers can
buy and drugmakers ramping up production.
"Marketing queries are coming to drugmakers asking for quotes on
ibuprofen and paracetamol," Sahil Munjal, chairperson of the
Pharmaceuticals Export Promotion Council of India (Pharmexcil), told
Reuters.
"Ibuprofen and paracetamol are facing a shortage in China at the moment,
they are high in demand."
China's embassy in New Delhi did not immediately respond to an email
seeking comment.
India's foreign ministry said the country, one of the biggest makers of
generic medicines in the world, was ready to help China.
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People stand in a queue to purchase
medicines at a pharmacy in Beijing, China December 14, 2022, in this
screen grab taken from a Reuters TV video. REUTERS TV via
REUTERS/File Photo
"We are keeping an eye on the COVID
situation in China," foreign ministry spokesperson Arindam Bagchi
said at a regular news briefing. "We have always helped other
countries as the pharmacy of the world."
India's pharma exports to China accounted for just
1.4% of its overall exports in 2021/22, according to Pharmexcil's
latest annual report. The United States remains India's largest
destination for drugs exports.
Shares of Indian pharmaceutical companies have risen over the past
few days on worries of a COVID-19 resurgence.
(Reporting by Chris Thomas in Bengaluru; Editing by Shounak
Dasgupta)
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