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 The Pharmaceuticals Export Promotion Council of India (Pharmexcil) is working on a crucial project in collaboration with Ernst & Young (E&Y) to prepare a comprehensive Sectoral Handbook on Drugs and Pharmaceutical Exports – Product Market Fit. This initiative aims to provide critical insights to enhance India's competitiveness in the global pharmaceutical market.
As part of this effort, Pharmexcil has called upon member pharma exporters and stakeholders in the pharmaceutical sector to participate in the study by submitting their inputs through an industry-specific questionnaire. These inputs will be instrumental in shaping the draft version of the handbook for further review.
Raja Bhanu, director general of Pharmexcil informed that participants have been urged to answer as many questions as possible to provide comprehensive feedback. Responses should be directed to the E&Y team, with copies marked to the EP (Pharma) Division and Pharmexcil.
He emphasized the importance of this initiative, stating, "The inputs from our member companies and industry stakeholders are critical to ensuring that the handbook accurately reflects market needs and trends. Together, we can strengthen India's position as a leader in pharmaceutical exports."
The finalized handbook will act as a strategic tool for businesses and policymakers, aligning with the nation's vision to expand its footprint in international pharmaceutical markets.
E&Y is one of the world's largest professional services firms, providing a wide range of services in audit, tax, consulting, and advisory. It is part of the "Big Four" accounting firms, alongside Deloitte, KPMG, and PricewaterhouseCoopers (PwC).
Headquartered in London, E&Y operates in over 150 countries with a vast network of professionals serving businesses of all sizes. The firm serves multiple industries, including healthcare, pharmaceuticals, technology, finance, energy, and more.
In the context of the Sectoral Handbook on Drugs and Pharmaceutical Exports, E&Y is leveraging its expertise in data analysis, market insights, and strategic planning to assist the Department of Commerce in creating a guide that aligns with global market demands.
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