October 7, 2011 -- The pharmaceutical business is very important to India, and India is very successful at exporting pharma products to other countries. But India is worried China may grow to dominate India’s own pharma market, taking over business that India wants to keep for itself. Last year, China exported $3.3 billion of APIs to India, while India sent just $500 million of APIs to China. India’s Commerce Ministry thinks the government should intervene. More details...
