Avoid ‘Ugly Confrontation’ With Inward Looking US, Indian Firms Ask Govt
Leading Indian firms have sought a conciliatory approach as the Indian government deals with the Trump administration in the US, against a backdrop of concerns over possible new protectionist tax measures that could impede Indian drug exports.
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US revenues of Indian pharmaceutical companies have slowed sharply amid a blitz of regulatory inspections and consolidation of the US purchasing chain -- but the news is not all bad: balance sheets are solid, margins are healthy and longer-term prospects look positive, says leading Indian investment rating agency ICRA.
The Trump presidency and the threat of protectionism, new generic opportunities beyond the US market, and the need for new quality benchmarks were some of the key issues discussed at the recent annual day celebrations of the Indian Drug Manufacturers’ Association.
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