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Raw material supply from China affected, medicines may be short of

Friday - February 14, 2020 4:32 pm , Category : BUSINESS
Indian medicine companies import a large amount of raw material China  ​
Indian medicine companies import a large amount of raw material China ​

Medicines can be expensive due to the Coronavirus

FEB 14 (WTN) – The Coronavirus infection (COVID-19) spread from the Wuhan city of China has now become an epidemic in China. For your information, let us know that about 1200 people have died due to the Coronavirus infection so far, while more than 45,000 people are suffering from the Coronavirus infection. Explain that these are the figures which have been released by the Chinese government. But it is being said that the number of people, who have died due to the Coronavirus in China and those infected with it may be much higher. In fact, due to media restrictions and censorship in China, the entire world is receiving the same information related to the Coronavirus, which the leftist government of China is providing because China's leftist government is hiding its mistake and negligence in the case of the Coronavirus infection from the whole world and people of its own country.
 
But the Coronavirus spread in China is beginning to affect India's trade, including many countries around the world. Let you know that due to the Coronavirus, production in China has stalled badly. In such a situation, trade from China to other countries of the world has been greatly affected. Explain that China is the second-largest economy in the world, and for this reason, countries around the world have trade relations with China. As far as India is concerned, there is a trade of millions of dollars between India and China. Since the production in China has been affected due to the Coronavirus; the goods which are imported from China are becoming expensive in India.
 
In fact, India's pharmaceutical companies import raw materials from China on a large scale to manufacture medicines. For your information, let us know that in Wuhan city of China, where Coronavirus infection is spread, the same Wuhan city has the highest number of drug companies. Raw materials for making medicines from these companies located in Wuhan city are exported to other countries of the world including India. If you do not know, then for your information, let us know that India is the third-largest drug manufacturer in the world, and India imports 80 percent of raw materials needed to make medicine from China. But factories in many cities, including Wuhan, are closed due to the Coronavirus, so the supply of raw materials for making medicines may come to a standstill in the coming days.
 
There was a holiday in China in the month of January due to the Chinese New Year, and due to this, the supply of raw materials from China was reduced in the month of January. At the same time due to the threat of Coronavirus, China had banned the export of raw materials. But such containers have been stranded at ports for the supply of raw materials, which the container had left from China to India. Now that the supply of raw materials from China is being affected, companies will have to buy raw materials from other countries expensive. It is being said that due to the impact of the raw material supply from China, the prices of medicines used to treat diabetes and blood pressure may increase.
 
Due to the fear that the supply of raw materials may be stopped from China to the pharmaceutical companies, the Modi government is trying not to increase the prices of medicines in any way. The government formed a high-level committee to control how the prices of medicine should be controlled. Explain that experts of technical departments were also included in this committee. According to the report submitted by this committee to the Modi government, if there is no supply of raw materials for medicines from China in the next one month, it can lead to serious conditions in the country. In such a situation, pharmaceutical companies will have to buy raw materials for making medicines from other countries at expensive prices, and as a result, the prices of medicines in the country can increase considerably.