India ‘Too Reliant’ on Chinese Drug Imports, Worries Delhi
Friday, December 5, 2014
There’s loud chatter in Mandarin, Hindi and English – all thrown in a heady mix of business, big numbers, and of course money converted in at least two currencies.
It’s speed dating but with a difference – business is the focus here, at this Delhi event.
This is not something you’d expect between Indian and Chinese traders – who traditionally view each other with suspicion.
Many credit dating sessions like these for Indian and Chinese representatives are now dominating the world’s pharmaceutical industry.
Yet this is not something that India is very pleased about.
India produces a third of the world’s medicines, mostly in the form of generic drugs. But more than 80% of the raw materials for these drugs are imported from China.
Source: BBC (link opens in a new window)
- Health Care