Latest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Live Streaming
  • Legal Talk
Reading: Expedite decision on anti-dumping duty on substandard IPA import from China: Pharma Experts – World News Network
Share
Latest World News UpdateLatest World News Update
Font ResizerAa
Search
  • Home
    • Home 1
  • Categories
  • Legal Talk
  • Bookmarks
  • More Foxiz
    • Sitemap
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > Business > Expedite decision on anti-dumping duty on substandard IPA import from China: Pharma Experts – World News Network
Business

Expedite decision on anti-dumping duty on substandard IPA import from China: Pharma Experts – World News Network

worldnewsnetwork
Last updated: October 3, 2024 12:00 am
worldnewsnetwork
Share
SHARE

New Delhi [India], October 3 (ANI): India’s pharmaceutical industry is facing a serious threat due to the increasing import of substandard Isopropyl Alcohol (IPA) and non-pharmacopoeia grade IPA from China, according to industry experts.
IPA is commonly used as a disinfectant and cleaning agent, especially in medical devices, while non-pharmacopoeia grade IPA refers to a lower-purity version not suitable for medical or pharmaceutical purposes due to possible impurities.
Experts have raised concerns that this trend is not only putting public health at risk but also weakening India’s self-reliance and global reputation as a high-quality manufacturer. The unregulated dumping of low-priced substandard IPA from China is the major reason for this.
“The unchecked dumping of underpriced, substandard IPA from China threatens India’s efforts towards Atmanirbhar Bharat. Local producers struggle to compete, risking our production capacities and self-reliance on essential pharmaceutical supplies,” said Vikas Biyani, an expert in FDA regulatory compliance and manufacturing of injectables.
Experts also adds that the unregulated dumping of low-priced, substandard IPA from China is undermining India’s efforts towards becoming self-reliant, as envisioned by the Atmanirbhar Bharat initiative. Local producers find it difficult to compete with these cheaper imports, putting India’s production capacity at risk.
By the end of FY 2023, Chinese imports made up 64 pc of India’s IPA supply, up from 57 pc in FY 2020.
Vijaykumar S. Singhavi, another expert in pharmaceutical technology and regulatory affairs adds the use of substandard materials compromises the safety and effectiveness of pharmaceutical products, posing a significant threat to public health.
“Substandard solvents can lead to incomplete reactions or the formation of unwanted by-products. This means the active pharmaceutical ingredient (API) may not be produced in the correct form or quantity, reducing the drug’s effectiveness. Using inferior solvents can result in lower yields during the manufacturing process. This means that less of the final product is produced from the same amount of raw materials, increasing costs and reducing efficiency,”
Under such a situation building new domestic IPA production capacities are financially unviable.
On Industry complains, the anti-dumping investigation of the Directorate General of Trade Remedies (DGTR) has recommended imposing anti-dumping duties on Chinese IPA imports.
The DGTR investigation says, “The Authority recognizes that the imposition of the anti-dumping duty would remove the unfair advantage gained by the dumping practices, prevent the decline of the domestic industry, and help maintain the availability of a wider choice to the consumers of the subject goods.”
The DGTR justifies the anti-dumping investigation in this case and says “the Authority in this reference, observes that there is no prevailing specific law prohibiting the initiation of an investigation against one country, even if imports from other countries are substantial.
Therefore, the current investigation does not contravene any legal standards simply because it focuses solely on Chinese imports to assess injury.”
The DGTR recommendations are pending with the finance ministry for a final call of imposing anti-dumping duty on IPA imports from China.
India’s pharmaceutical exports, valued at Rs 2.32 trillion in FY 2022-23, are a major part of its global standing. By regulating substandard imports and supporting domestic industries, India can safeguard its pharmaceutical sector and remain competitive in the global market says Industry. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by
Subscribe to Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]
Share This Article
Twitter Email Copy Link Print
Previous Article BJP leader Roopa Ganguly arrested in Kolkata for dharma over schoolboy death – World News Network
Next Article Celebrating India’s Finest Wedding Visionaries: The 7th edition of the WeddingSutra Influencer Awards 2024 returns at JW Marriott Mumbai Juhu – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Editor's Pick

Top Writers

Oponion

You Might Also Like

HDFC Bank gets RBI nod to raise holding in IndusInd Bank up to 9.5% – World News Network

HDFC Bank has received approval from the Reserve Bank of India (RBI) to allow its group entities to collectively hold…

4 Min Read

India’s trade deficit likely to hover around USD 25 billion in coming months, weak rupee to offer support: Nuvama – World News Network

The trade deficit of the country is likely to settle around current levels of November in the near to medium…

4 Min Read

ISGF presents Handbook on AI, ML, VR, AR, and Robotics Solutions for Electric Utilities to Hon’ble Minister of Power, Housing & Urban Affairs, Shri Manohar Lalji – World News Network

New Delhi [India], December 16: The India Smart Grid Forum (ISGF) unveiled its pioneering Handbook on AI, ML, AR, VR,…

3 Min Read

Colebrook Bosson Saunders Chooses India for First Executive Dialogue Exploring Future of Workspaces and Technology – World News Network

Mumbai (Maharashtra) [India], December 16: Colebrook Bosson Saunders (CBS), a leader in workplace ergonomics, held its inaugural Executive Dialogue event…

3 Min Read
Latest World News Update
Copyright © 2024 World News Network. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?