Guide On Medicine Export From India to Other Countries
pharmaceutical exporters

Guide On Medicine Export from India to Other Countries

The pharmaceutical industry in India is one of the largest globally, helping generic supply medicines to several countries worldwide. In terms of sheer volume, India ranks 3rd globally, whereas, in terms of value, it ranked on number 13. Over the years, India has proved itself as a global pharmaceutical exporter in India and research hub.

The export of pharma medicine from India has grown steadily in recent years and has become a growing business opportunity. The expected value of generic medicine exports from India has increased and grown at a compound annual growth rate of 22.4%. Let’s look at how pharmaceutical medicine manufacturers can export medicine from India efficiently without facing any legal disputes.

Pharmaceutical Exports and Advantage India

  • Pharmaceutical export from India stood at US$ 17.27 billion in 2017-18 and is expected to grow by 30 percent to reach US $20 billion by the year 2020.
  • Exports of pharmaceutical products together stood at US$ 10.80 billion during April-October 2018.
  • In April-October 2018, the top importers of pharmaceutical products were the USA (US$ 3.21 billion), South Africa (US$ 367.35 million), the UK (US$ 383.30 million), Russia (US$ 283.33 million), and Nigeria (US$ 255.89 million).
  • India has ranked in the top 3 pharmaceutical markets in terms of incremental growth in 2020.
  • India is the biggest supplier of generic medicines globally (20% to 22% of global export volume)
  • India has one of the lowest medicine manufacturing costs in the world.

List of Medicines Exported from India

Here is the list of medicines that are exported from India:

  • HIV,
  • Oncology,
  • Neurosciences, and
  • Respiratory drugs.

Procedure to Export Medicines from India

Only registered pharmaceutical export companies can export medicines from India according to the Foreign Trade Policy.

First, the pharma exporters in India need to register with the Director-General of Foreign Trade and apply for an Import/Export Code.

Once they have all the required documents, the business owners must reach out to individuals from importing countries and find an interested buyer or vendor.

Next, they’ll have to go through the importing country’s laws and register their pharma product in that country legally to prevent complications later.

Once they get approval from the importing country, they should obtain the same from the Drug Controller General of India. These are mandatory as drugs or medicines are serious commodities that impact consumers’ overall well-being and health.

The business owners need to research and finalize a shipping method that will work for them. The best Indian pharma companies must ensure they rely only on reputed agencies to export their products to prevent unnecessary delays and major issues.

Once all these formalities are completed, the company will have to wait for the buyer or vendor to finalize the purchase order. Similarly, the buyer will send a proforma invoice containing the product details, packing required, and freight details, along with the order confirmation.

Then, the company needs to draft a commercial invoice against this purchase order or Letter of Credit based on how they plan on financing the order.

Next, the business owners must sign a contract with the shipping or freight forwarding agency to ensure efficient order fulfilment.

After finishing the documentation process, the last step is customs clearance which can be easily handled by appointing an agent. Likewise, once the products receive customs clearance, they will be shipped to the importing country and distributed as required.

JoinHub Pharma – A Leading Pharmaceutical Exporter from India

JoinHub Pharma ranked in the top 10 pharma companies in India, with its headquarters in Ahmedabad, Gujarat. JoinHub Pharma sells pharmaceutical products and ingredients. They export branded and generic medicines.

JoinHub’s portfolio consolidates more than 1,000 pharma products across multiple therapeutic categories, including treatments for acute, chronic, and rare conditions. All of its facilities have EU GMP certificates and comply with national and international standards. They have a WHO-GMP-certified manufacturing unit in India and markets products in more than 100 countries, with over 85% of its revenue coming from overseas.

Reach out to pharma exporters in India today! Just drop us a line at [email protected] or call us directly.

Pharmaceutical Manufacturing
Pharmaceutical Company

How Technology Innovations Are Driving Pharmaceutical Manufacturing?

Manufacturing has been revolutionized by technology. However, pharmaceutical manufacturers are only just beginning to see the potential of innovative product creation. The potential advantages of technology in healthcare are enormous, and breakthrough methodologies are paving the way for a more cost-effective, efficient, and customised approach to drug development. Artificial Intelligence, Machine Learning, AR-VR, Digital Apps, The Internet of Things, Blockchain, 3D printers, and Organ-on-Chips are some of the innovations that are beginning to transform the pharmaceutical industry in the same way they have transformed other industries such as media, retail, banking, telco, and education.

In this article, we will try to shine a light on the areas of the pharmaceutical sector where digital technology will provide the most value, and we will try to steer firms in the right direction as we strive to develop a digital strategy.

We will start with some emerging technologies that are already reshaping the pharmaceutical sector and will continue to do so.

Artificial intelligence and machine learning
Artificial intelligence and machine learning are unquestionably the pharmaceutical industry’s next big thing. Data entry, lab test analyses, data management, analysis of healthcare systems to identify errors or inefficiencies, medical consultations via AI-based apps, medication management that is monitored by an AI-based system, and other repetitive tasks are already being done with AI in the healthcare industry.
Illness identification and diagnosis, radiography and radiation planning, clinical trial research, customized medicine, rare disease identification, and novel medication discovery are all examples of where machine learning is being employed.
Most, if not all, pharmaceutical R&D activities are anticipated to use AI and ML. As a result, the success rate of medication development should theoretically improve, and R&D activities should be streamlined. Furthermore, AI might theoretically aid in precisely identifying the subset of patients who would benefit from a specific medicine. This might significantly lower the failure rate and assure a successful and profitable outcome.
Nonetheless, a shift in present R&D processes is required to get to this position. Rather than attempting to comprehend how AI machines arrive at a solution, the focus should be on confirming the outcomes.

Digitization of Medicine through Healthcare Mobile Apps
Pharma businesses all across the world have recently realized that simply generating and researching pharmaceuticals is no longer enough. They must now go beyond the outward look of medications and provide a full bundle, according to recent trends. Digital health mobile applications, gadgets, or services that might be prescribed by a doctor or packed with a prescription are already known as “around the pill” digital offers.
Some packages include a wearable monitoring gadget and an app, which allows patients to receive positive feedback from their doctors as well as from the app’s automatic, individualized comments. Chronic disease fitness applications, finding free health clinics and hospitals, purchasing prescriptions via e-commerce apps, cross-checking medication interactions, and social network linking patients applications are all popular in app stores.

Furthermore, mobile apps that connect patients with health insurance providers can cut down on the time it takes to authenticate documents and do other verification tasks. In this method, insurance firms obtain prescriptions and other medical documentation from their clients via a mobile app, allowing them to determine whether or not that particular expense is covered by insurance.

AR and VR
As corporations struggle to engage doctors and research schedules spin into a whirlpool of more and more experiments, AR-VR has a lot to offer the pharmaceutical business. AR and VR are promising technologies that can cater to a wide range of pharmaceutical sector demands due to their capacity to build an engaging virtual environment with minute details.
AR-VR can also aid in the pharmaceutical industry’s production area. Remote maintenance and guidance, difficult machine handling training, and so forth are examples. DAQRI, a California-based augmented reality startup, has developed a safety-compliant smart helmet for industrial application. This device exemplifies how successfully augmented reality can be utilized in production, particularly in complicated contexts such as pharmaceutical manufacture.

IoT Integration
The Internet of Things has enormous potential to assist the pharmaceutical business. By recognizing difficulties and making changes before they pose a problem, a network of linked devices with monitoring sensors may decrease the risk of mechanical failures and ensure precise output.
The pharmaceutical industry’s production sector, such as material tracking and management in the manufacturing process of medications, can benefit from IoT integration. Furthermore, IoT-enabled data-gathering devices may be found at shipping and receiving stations, collecting data from RFID tags and barcodes and comparing it to data from other sites, such as manufacturing facilities and warehouses, to ensure consistency.

3D printing innovations
While medicine has long known about the wonders of 3D printing, pharmaceutical production has been slow to catch up. In the medical field, 3D-printed teeth and prostheses are already widely utilized to help patients. However, there are few FDA-approved 3D-printed medicinal goods on the market in the United States.
While having a 3D printer at your local pharmacy may seem futuristic, the notion of additive pharmaceutical production is propelling the industry toward a future where each patient’s disease may be treated uniquely.

Accelerated automation
When it comes to innovation, the pharmaceutical sector turns outside of itself for ideas. Automation has, of course, played a significant role in the industry for almost a century. Automation is utilized in the automotive industry, for example, to cut costs and handle more complex operations. Pharma companies are now attempting to do the same.

Previously, scientists were stymied by the time-consuming effort of performing individual genomic tests. Manufacturers, on the other hand, may now access a massive quantity of data, allowing them to construct unique molecular profiles of their clients and give them individualized treatment.

Conclusion
The drug research business is always growing and developing to generate new treatments for a range of indications, and technologies like artificial intelligence and automation are a big part of that.

pharmaceutical exporters

Which are the leading pharmaceutical export companies in India?

Which are the leading pharmaceutical export companies in India?

The Indian pharmaceuticals market is the 3rd biggest market in terms of volume and thirteenth biggest in terms of value. It has set up itself as a worldwide manufacturing and research hub. A large raw material base and the availability of a talented workforce give the business a definite competitive advantage. The Indian pharmaceutical industry is projected to grow at a compound annual growth rate (CAGR) of 22.4% to touch US$ 55 billion by 2020. Being the biggest pharmaceutical companies in India, we at JoinHub Pharma offer more than 1000+ products covering all formulations (Capsules, syrups, soft gelatine capsule, Tablets, Injectables, Powder, Soap, Pre-filled Syringes lotion, Sachets, etc.) and covering all area (medicine, dermatology, gynaecology, cardiology etc.) and all of our medicines are manufactured at our EU GMP certified plants in India.

The Indian Pharmaceutical market is overwhelmed by generic drugs which establishes almost 70% of the market, whereas patented drugs make up to 9%.

EXPORTS AND ADVANTAGE INDIA
• Pharmaceutical export from India remained at US$ 19.13 billion in 2018-19 and touched US$ 13.69 billion in 2019-20 (till January 2020).
• It is projected to grow by 30% to reach US$ 20 billion continuously in 2020.
• In 2018-19, top importers of India’s pharmaceutical products were Russia (US$ 10.33 million), South Africa (US$ 3.63 million), UK (US$ 9.83 million), USA (US$ 119.18 million), and Nigeria (US$ 1.71 million).
• India is anticipated to rank amongst the top three pharmaceutical markets with regards to incremental growth by 2020.
• India is considered to be one of the biggest suppliers of generic medicines worldwide
• India has one of the most minimal manufacturing costs in the world. It is lower than almost half of Europe and the USA.

It has been anticipated that India will be the 6th biggest market for pharmaceuticals internationally by 2020. With this in mind, the following is a list of the pharmaceutical exporter companies in India that are leading the field.

JoinHub Pharma
JoinHub Pharma is considered to be one of the best pharma product exporters from India with its headquarters in Ahmedabad, Gujarat. They export generic medicines and pharmacy supplies of a wide range of pharmaceutical products. With their extensive sales network, they can deliver these products to more than 100,000 suppliers every single day. JoinHub Pharma sells pharmaceutical products and ingredients.

It has a manufacturing unit in India and sells products in more than 100 countries, with over 85% of its revenue coming from overseas. All of its facilities are WHO-GMP certified and has EU GMP certified plants in India which comply with international standards. JoinHub’s portfolio incorporates more than 1,000 products across multiple therapeutic categories, including treatments for chronic, acute, and rare conditions.

Sun Pharmaceutical Industries
As far as pharmaceutical manufacturing companies in India go, Sun Pharma is certainly one of the main ones to look as, whenever measured by market capitalisation alone, it is India’s biggest pharmaceutical company having some expertise in generic drugs. The organization states that its vision is to be “reaching people and touching lives universally as a leading provider of esteemed medicines”.

Sun Pharma manufactures and sells medicines in more than 150 countries across six continents. Its main 30 brands are listed among the top 300 pharma brands in India. Sales in the US market represent almost 60% of Sun Pharma’s yearly turnover.

Cipla Limited
Cipla is a Pharma company that has total assets worth around 150 billion. Headquartered in Mumbai the organization has the head as Dr Raju Mistry. Established by Khwaja Abdul Hamied as ‘The Chemical, Industrial & Pharmaceutical Laboratories’ in 1935 it is presently a multinational corporation that showcases its medicines internationally. As of now, Cipla has units in 8 locations in India. According to Bluebytes study in 2015 Cipla was positioned third in India’s Most Reputed Brands.

Dr Reddy’s Laboratories
This worldwide organization is situated in Hyderabad, Telangana. It sells a wide range of pharmaceutical products in India and 25 various countries through its three businesses: Global Generics and Proprietary Products, Pharmaceutical Services & Active Ingredients.

Established in 1984 by Dr Anji Reddy, the organization’s main focus areas are cardiovascular, diabetology, oncology, gastrointestinal, and anti-infective medications.

Aurobindo
Among the biggest vertically integrated pharmaceutical companies in India, Aurobindo manufactures and sells more than 300 products in over 150 nations. Like Dr Reddy’s, it is situated in Hyderabad, Telangana. The organization was founded in 1986 by Mr Nityananda Reddy and Mr Ramaprasad Reddy and was at first a single unit fabricating semi-synthetic penicillin.

Today, Aurobindo develops products for a variety of different regions such as neuroscience, gastroenterology, antiretrovirals, cardiovascular, anti-diabetics, and antibiotics. The organization features among the top 10 companies in India With regards to consolidated revenues and exports to more than 110 countries, with over 70% of its income coming from overseas.

Conclusion
Listed above are the top 5 pharmaceutical exporters from India. We believe that the information contained in this blog is helpful for you. If you’re still looking for more information on pharmaceutical products and medicines, feel free to contact us anytime.

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