India’s healthcare sector has witnessed remarkable growth over the past few decades, emerging as a significant player in the global medical landscape. Central to this progress is the Pharmaceuticals Export Promotion Council of India (Pharmexcil), established in 2004 under the aegis of the Ministry of Commerce and Industry. Pharmexcil plays a pivotal role in promoting the export of pharmaceuticals, diagnostics, and surgical equipment, ensuring that Indian products meet international quality standards and certifications.

Pharmexcil’s Initiatives in Promoting Exports

Pharmexcil serves as a vital link between the Indian pharmaceutical industry and global markets. Its primary objective is to facilitate the growth of pharmaceutical exports, including diagnostics and surgical equipment, by providing comprehensive support to manufacturers and exporters. Key initiatives undertaken by Pharmexcil include:

1. Market Development Assistance (MDA) Scheme

Under the MDA scheme, Pharmexcil offers financial assistance to small and medium-sized enterprises (SMEs) to participate in international trade fairs, exhibitions, and business delegations. This exposure enables Indian companies to showcase their products on global platforms, fostering new business opportunities and collaborations.

2. Regulatory Support and Guidance

Navigating the complex web of international regulatory requirements is a significant challenge for exporters. Pharmexcil provides guidance on adhering to global regulatory standards, assisting companies in understanding and fulfilling the compliance criteria of various countries. This support is crucial in ensuring that Indian diagnostics and surgical equipment gain acceptance in international markets.

3. Quality Assurance and Standards

Maintaining high-quality standards is imperative for success in the global healthcare market. Pharmexcil emphasizes the importance of quality compliance and patient safety. For instance, in November 2023, Pharmexcil organized a capacity-building program in Chennai focusing on ‘Quality Compliance and Patient Safety.’ The program aimed to raise awareness among industry stakeholders about international regulatory standards, quality management systems, and the significance of excipient quality in medicines.(BioSpectrum)

4. Trade Promotion Activities

Pharmexcil actively organizes business meetings, trade delegations, and seminars to promote Indian pharmaceutical products. These events facilitate direct interactions between Indian exporters and international buyers, fostering mutual understanding and trust. Such platforms are instrumental in expanding the global reach of Indian diagnostics and surgical equipment.

Adherence to International Quality Standards and Certifications

For Indian diagnostics and surgical equipment to be competitive globally, adherence to international quality standards and obtaining relevant certifications are non-negotiable. Pharmexcil assists manufacturers in several ways:

1. Guidance on Certification Processes

Pharmexcil provides detailed information and support regarding various international certifications required for medical devices and diagnostics. This includes guidance on obtaining CE marking for European markets, FDA approval for the United States, and other country-specific certifications.

2. Workshops and Training Programs

To keep manufacturers abreast of the latest developments in quality standards, Pharmexcil conducts workshops and training sessions. These programs cover topics such as Good Manufacturing Practices (GMP), quality management systems, and updates on international regulatory requirements.

3. Collaboration with International Bodies

Pharmexcil collaborates with international regulatory agencies and standard-setting bodies to ensure that Indian products comply with global norms. This collaboration facilitates smoother market entry for Indian diagnostics and surgical equipment.

Facts and Figures

The impact of Pharmexcil’s efforts is evident in the robust growth of India’s pharmaceutical exports:

• Export Growth: India’s pharmaceutical exports reached $24.44 billion in the financial year 2020-21, marking a growth of 18.7% over the previous year.

• Global Standing: India is recognized as the “Pharmacy of the World,” supplying affordable and quality medicines to over 200 countries.

• Diverse Product Portfolio: The export portfolio includes Active Pharmaceutical Ingredients (APIs), Finished Dosage Forms (FDFs), diagnostics, surgical equipment, and traditional medicines like Ayurveda and Homeopathy.

These figures underscore the effectiveness of Pharmexcil’s initiatives in promoting exports and ensuring quality compliance.

Partnering with Altus Exports for Global Expansion

While organizations like Pharmexcil provide the necessary framework and support, the role of dedicated export partners is crucial in navigating the complexities of international trade. Altus Exports stands out as a premier merchant exporter committed to delivering the best of India’s products to the world.

How Altus Exports Can Assist Indian Manufacturers

Altus Exports offers a comprehensive partnership model designed to simplify the export process for Indian manufacturers:

• Expertise in Market Research: Altus Exports conducts in-depth market research to identify potential markets and buyers for your products, ensuring a strategic approach to expansion.

• Regulatory Compliance Support: Understanding international regulations can be daunting. Altus Exports provides guidance to ensure your products meet all necessary certifications and standards required in target markets.

• Logistics and Supply Chain Management: From handling documentation to managing shipping logistics, Altus Exports ensures a seamless process, allowing you to focus on manufacturing quality products.

• Marketing and Promotion: Leveraging a skilled marketing team, Altus Exports promotes your products in international markets, enhancing visibility and demand.

Steps to Partner with Altus Exports

Collaborating with Altus Exports is a straightforward process:

1. Initial Consultation: Reach out to discuss your products and export aspirations.

2. Assessment and Planning: Altus Exports will assess your products’ readiness for export and develop a tailored strategy.

3. Agreement and Onboarding: Formalize the partnership and begin the onboarding process, during which Altus Exports becomes an extension of your team, handling all export-related activities.

For more detailed information on forming a partnership, visit Altus Exports’ Manufacturer Partnership

Success Stories: Indian Pharma Exporters Thriving with Pharmexcil’s Support

Nutraceuticals: Tapping into the Growing Global Health Supplement Market

Enhancing Diagnostics and Surgical Exports: Meeting Global Healthcare Needs

Biotech and Biological Products: Supporting Innovation and International Collaboration

Promoting Traditional Medicine: Boosting Exports of Herbal, Ayurvedic, Unani, and Homeopathic Products

Capacity Building: Training Programs and Workshops for Export Excellence

Policy Advocacy: Representing Exporters’ Interests on the Global Stage

Facilitating Global Networking: Trade Delegations and Buyer-Seller Meets

Navigating Regulatory Landscapes: Pharmexcil’s Role in Compliance and Certifications

Market Research and Intelligence: Empowering Exporters with Data-Driven Insights