The pharmaceutical industry is steadily expanding its sea freight volume year by year and the Port of Antwerp is ready with customised solutions to support the air-to-ocean trend.
The world is looking for cheaper drugs and India has proved it has the capability to deliver. The export of generic medicines is one of India’s strengths and in the last two years India has stepped far ahead for China. To most continents and regions where generic consumables are higher such as Latin America, the US, the Middle East and Northern African region, Indian exports are significantly higher than its Asian counterpart’s.
In fact, India leads China in exports to the EU as well. In 2016, India’s exports were worth $1.56 billion as against China’s $1.36 billion. A majority of the bulk drug and active pharmaceutical industry that functions out of Hyderabad reckons that logistics play a crucial role in cutting raw-material supply and export time.
While most ports such as Chennai, JNPT and Visakhapatnam ship exports out of India, Indian pharmaceutical firms ask for better value-added services to ensure their cargo is ready for consumption to destinations where the vials and tablets are shipped.
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Esta historia es de la edición November 2017 de Maritime Gateway.
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