India to send 1000 tons of APIs to Europe |
India is set to export about 1,000 tonnes of the active pharmaceutical ingredients for common pain reliever paracetamol -- used to cope with COVID-19 symptoms, to European countries. Europe has sought up to 800 tonnes of paracetamol APIs every month. The Indian government in March put a hold on exports of several drugs including paracetamol to secure supplies for its people after the coronavirus outbreak disrupted the industry`s supply chain globally. To ensure flawless supply, Indian authorities have asked drugmakers to ensure the country is adequately stocked for up to four months of domestic requirements. According to the foreign ministry, India shipped 1.9 million tablets and other forms of paracetamol to 31 countries last month. Consignments of anti-malaria drug hydroxychloroquine and paracetamol were being sent to 87 countries on a commercial basis. Europe is India`s biggest buyer of paracetamol APIs and imports around 12,000 tonnes annually. The novel coronavirus outbreak has killed more than a quarter of a million people and Europe has accounted for 57 percent of the global death toll.
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