Latest news with #iPHEX2025
Time of India
01-08-2025
- Business
- Time of India
Pharmexcil drives global pharma trade through premier healthcare export summit
Live Events NEW DELHI: iPHEX 2025 – 11th Edition of International Exhibition and Healthcare, is scheduled from September 4–6, 2025, at Bharat Mandapam, New by the Pharmexcil Pharmaceuticals Export Promotion Council of India ), with the support of Ministry of Commerce and Industry, this premier event will convene key stakeholders from the pharmaceutical industry and allied sectors. Pharmexcil, the official export promotion body under the Ministry of Commerce & Industry, represents over 4,400 Indian pharmaceutical exporters and plays a pivotal role in advancing global trade through policy advocacy, regulatory support, and market development event will feature dedicated International Buyers Sellers Meet, a focused exhibition with over 700 stall with a strong emphasis on research & development and innovation. It will also spotlight India's leading pharmaceutical exporters—across formulations, biosimilars, bulk drugs, and surgical—who are serving healthcare needs in over 150 countries. These capabilities will be showcased through the flagship International Exhibition on Pharmaceuticals and Healthcare (iPHEX. Since its inception in 2013, iPHEX has hosted over 5,000 foreign delegates, including regulators and buyers, and featured more than 4,000 Indian exhibitors across key cities like Mumbai, Hyderabad, New Delhi, and Ahmedabad. As a cornerstone of the Brand India Pharma campaign, the exhibition strengthens India's positioning as the 'Pharmacy of the World' by enabling focused B2B meetings, regulatory dialogues, and strategic collaborations across global markets including NAFTA, EU, ASEAN, LAC, Africa, and GCC—driving expanded market access and global confidence in Indian pharmaceutical as a strategic lead-up to the 11th edition of iPHEX—India's flagship pharmaceutical export exhibition— this integrated event aims to project India's strengths in high-quality manufacturing, regulatory excellence, and global trade preparedness. Pharmexcil, which plays a pivotal role in supporting India's pharmaceutical exports (currently valued at over $30 billion annually), will facilitate B2B meetings, buyer-seller interactions, and global outreach initiatives at the venue. These efforts are intended to foster meaningful cross-border partnerships and open up new commercial Joshi, Chairman of Pharmexcil, said, in a statement, 'Now in its 11th edition, iPHEX has firmly established itself as a flagship global platform that showcases India's pharmaceutical excellence. This year, the event expands its scope to include allied segments such as pharmaceutical machinery and Ayush products—broadening its relevance and impact. iPHEX has consistently created synergy and confidence among global pharma stakeholders, offering an exclusive environment for focused one-on-one business meetings, regulatory dialogues, and strategic partnerships. Our objective is to reinforce India's position as the preferred global partner for high quality, affordable pharmaceuticals.'Vice Chairman of Pharmexcil, Bhavin Mehta , said, "With participation from regulators and buyers across NAFTA, EU, Africa, ASEAN, CIS, LAC, and WANA regions, the event facilitates deep engagement through contract manufacturing discussions, technology transfers, and bilateral trade collaborations. As a niche, high-value platform, iPHEX continues to drive market access and position India as an innovation-led, reliable force in global pharma supply chains.'K Raja Bhanu, Director General, Pharmexcil, shared,' The 11th Edition of IPHEX 2025 promises to be a pivotal event for the global pharmaceutical industry. It will bring together over 25,000 domestic visitors and 700+ pharma exhibitors, with delegates from 111+ countries. The USP of Indian Generics has always been 'Quality, affordability, and scalability.' This will continue to be foundational as we move towards 'Bharath @2030 and beyond envisioning for speciality generics, biosimilars, vaccines & biologics, personalised medicines, advanced gene therapies, and CDMO/CRO services with a market size of 150 billion USD by 2030. 'The global regulatory conclave will be organized by the Central Drugs Standard Control Organisation (CDSCO), Ministry of Health and Family Welfare, Government of India, jointly with PHARMEXCIL, and held concurrently with iPHEX 2025. This platform will foster critical regulatory dialogues, strengthen international alignment, and enhance trust in India's regulatory ecosystem. Event will include sector-specific sessions, and panel discussions on regulatory harmonization, global market expansion strategies, innovation in manufacturing, and the evolving landscape of pharma exports.A dedicated exporters participation at the exhibition, regulatory conclave, and global buyer forum will provide unmatched opportunities for knowledge-sharing, deal-making, and policy dialogue. Designed to align with India's ambition of becoming a $65 billion pharma export powerhouse by 2030, summit embodies the spirit of 'Powering Healthcare, Connecting Markets'—bringing together industry leaders, global stakeholders & policymakers to drive meaningful collaboration, unlock new trade corridors & elevate India's role in global healthcare.
Time of India
01-08-2025
- Business
- Time of India
Trump tariffs to push up US drug prices, won't change India's pharma growth playbook: Pharmexcil
Live Events The Pharmaceuticals Export Promotion Council of India (Pharmexcil) has warned that the US administration's decision to impose a 25% tariff along with additional penalties on all Indian imports starting August 1 will not only make things harder for Indian exporters but will also increase the cost of essential medicines in America, putting pressure on patients and healthcare US, which sources nearly 47% of its generic drug prescriptions from India, faces a daunting task in finding alternative suppliers that can match the scale, quality, and affordability offered by Indian pharmaceutical companies, Pharmexcil chairman Namit Joshi said at a curtain-raiser of the 11th edition of the International Pharmaceutical Exhibition (iPHEX 2025) in New Delhi on Thursday.'We are in a peculiar situation because no official draft has been issued detailing which sectors or products are exempted. Until there is clarity, we can only assess the impact as a 'what-if' scenario. But if these tariffs do come into effect, they will certainly impact the cost structure of generic medicines exported from India to the US,' Joshi said, adding that Trump's policy announcements often differ from their eventual US President Donald Trump on Wednesday announced sweeping tariffs on all Indian imports, along with unspecified penalties tied to India's purchase of Russian crude oil and military is one of the largest suppliers of affordable generic drugs to the US, exporting about $10.5 billion worth of medicines annually. These low-cost products help the US healthcare system save billions of dollars. 'India supplies nearly 47% of the generic prescriptions used in the US, amounting to exports worth $10.5 billion. These affordable medicines saved the US healthcare system around $216 billion last year. Any policy move that disrupts this supply chain will inevitably raise costs for patients and strain the healthcare system,' Joshi further highlighted that supply chain adjustments of this scale cannot happen overnight. 'If Indian supplies are disrupted, the US cannot simply replace them overnight. Establishing new facilities, ensuring regulatory compliance, and scaling up production locally could take three to five years. This is not like shifting a commodity trade; pharmaceuticals require complex regulatory approvals and high infrastructure costs,' he has also issued a direct warning to pharmaceutical companies to cut drug prices within 60 days or face action. In letters posted on his Truth Social platform, he said his administration would 'deploy every tool in our arsenal to protect American families from abusive drug pricing practices,' though no specific penalties were detailed. White House press secretary Karoline Leavitt said, 'President Trump believes the American people deserve affordable access to life-saving drugs. These letters make clear: cut the prices or face the consequences.'However, India's response to potential tariff barriers will not be short-term, Joshi stressed. 'Our pharmaceutical strategy is not reactive to tariff measures. For years, we have been pursuing mergers, acquisitions, and even setting up greenfield manufacturing units overseas to align with onshoring trends. Post-Covid, this strategy has only gained more momentum, as countries focus on strengthening local supply chains,' he also underscored the cost burden already carried by Indian exporters. 'Maintaining USFDA-compliant facilities comes at a significant cost—around 12% of revenue for each plant. India has 754 such plants, representing a huge investment to ensure uninterrupted, high-quality supplies to the US market. Any tariff burden will further challenge the low-margin generic drug model that benefits US patients,' he said it will continue to engage with policymakers in the US and India to stress the critical role Indian drug manufacturers play in ensuring affordable access to essential medicines pharma players have reacted sharply to the development, saying the move will hurt both nations in the long run. Nikkhil K. Masurkar, CEO of Entod Pharmaceuticals, said, 'I firmly disagree with the imposition of the 25% tariff on Indian exports by the Trump administration. This approach is not just economically regressive but borders on economic intimidation. Rather than building strategic alliances, this tactic creates unnecessary barriers, especially for emerging economies like India.''India must respond with strategic maturity, not reactive retaliation. This includes intensifying trade relations with more reliable and equitable partners, accelerating FTAs with the EU, ASEAN, and Africa, and doubling down on our 'Make in India' and 'Export from India' missions. At the same time, we need to invest in global competitiveness, strengthening R&D, lowering input costs, and supporting MSMEs to reduce overdependence on any one market,' he added.
Economic Times
01-08-2025
- Business
- Economic Times
Trump tariffs to push up US drug prices, won't change India's pharma growth playbook: Pharmexcil
Pharmexcil warns that the US's proposed 25% tariff on Indian imports, starting August 1, threatens to increase the cost of essential medicines in America. This move could strain the US healthcare system, heavily reliant on affordable Indian generics, which constitute 47% of prescriptions. The Pharmaceuticals Export Promotion Council of India (Pharmexcil) has warned that the US administration's decision to impose a 25% tariff along with additional penalties on all Indian imports starting August 1 will not only make things harder for Indian exporters but will also increase the cost of essential medicines in America, putting pressure on patients and healthcare US, which sources nearly 47% of its generic drug prescriptions from India, faces a daunting task in finding alternative suppliers that can match the scale, quality, and affordability offered by Indian pharmaceutical companies, Pharmexcil chairman Namit Joshi said at a curtain-raiser of the 11th edition of the International Pharmaceutical Exhibition (iPHEX 2025) in New Delhi on Thursday.'We are in a peculiar situation because no official draft has been issued detailing which sectors or products are exempted. Until there is clarity, we can only assess the impact as a 'what-if' scenario. But if these tariffs do come into effect, they will certainly impact the cost structure of generic medicines exported from India to the US,' Joshi said, adding that Trump's policy announcements often differ from their eventual US President Donald Trump on Wednesday announced sweeping tariffs on all Indian imports, along with unspecified penalties tied to India's purchase of Russian crude oil and military equipment. India is one of the largest suppliers of affordable generic drugs to the US, exporting about $10.5 billion worth of medicines annually. These low-cost products help the US healthcare system save billions of dollars. 'India supplies nearly 47% of the generic prescriptions used in the US, amounting to exports worth $10.5 billion. These affordable medicines saved the US healthcare system around $216 billion last year. Any policy move that disrupts this supply chain will inevitably raise costs for patients and strain the healthcare system,' Joshi said. He further highlighted that supply chain adjustments of this scale cannot happen overnight. 'If Indian supplies are disrupted, the US cannot simply replace them overnight. Establishing new facilities, ensuring regulatory compliance, and scaling up production locally could take three to five years. This is not like shifting a commodity trade; pharmaceuticals require complex regulatory approvals and high infrastructure costs,' he said. Trump has also issued a direct warning to pharmaceutical companies to cut drug prices within 60 days or face action. In letters posted on his Truth Social platform, he said his administration would 'deploy every tool in our arsenal to protect American families from abusive drug pricing practices,' though no specific penalties were detailed. White House press secretary Karoline Leavitt said, 'President Trump believes the American people deserve affordable access to life-saving drugs. These letters make clear: cut the prices or face the consequences.'However, India's response to potential tariff barriers will not be short-term, Joshi stressed. 'Our pharmaceutical strategy is not reactive to tariff measures. For years, we have been pursuing mergers, acquisitions, and even setting up greenfield manufacturing units overseas to align with onshoring trends. Post-Covid, this strategy has only gained more momentum, as countries focus on strengthening local supply chains,' he also underscored the cost burden already carried by Indian exporters. 'Maintaining USFDA-compliant facilities comes at a significant cost—around 12% of revenue for each plant. India has 754 such plants, representing a huge investment to ensure uninterrupted, high-quality supplies to the US market. Any tariff burden will further challenge the low-margin generic drug model that benefits US patients,' he said it will continue to engage with policymakers in the US and India to stress the critical role Indian drug manufacturers play in ensuring affordable access to essential medicines pharma players have reacted sharply to the development, saying the move will hurt both nations in the long run. Nikkhil K. Masurkar, CEO of Entod Pharmaceuticals, said, 'I firmly disagree with the imposition of the 25% tariff on Indian exports by the Trump administration. This approach is not just economically regressive but borders on economic intimidation. Rather than building strategic alliances, this tactic creates unnecessary barriers, especially for emerging economies like India.''India must respond with strategic maturity, not reactive retaliation. This includes intensifying trade relations with more reliable and equitable partners, accelerating FTAs with the EU, ASEAN, and Africa, and doubling down on our 'Make in India' and 'Export from India' missions. At the same time, we need to invest in global competitiveness, strengthening R&D, lowering input costs, and supporting MSMEs to reduce overdependence on any one market,' he added.
