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The measures taken by the Department of Commerce to promote exports include various schemes under the Foreign Trade Policy (FTP), assistance under the Market Access Initiative (MAI) scheme, setting up district export hubs, Transport and Market Assistance Scheme, etc. Trade delegations/buyer-seller meets with various countries are regularly organized for the benefit of exporters. Airfare support is also provided to the exporters with a turnover of Rs.30crore and below to encourage participation in business delegations/trade fairs.
The quantum of pharmaceutical exports of the past three years, category-wise is as under:
(In Million USD)
| S.No. | Category | 2018-19 | 2019-20 | 2020-21 |
| 1 | Bulk Drugs, Drug Intermediates | 3911 | 3886 | 4430 |
| 2 | Drug Formulations, Biologics | 14389 | 15941 | 19042 |
Department of Commerce, in partnership with other stakeholders, is working towards boosting our presence in under-penetrated/potential international markets viz. North-East Asia, Africa, Middle East, Latin America, southeast Asia etc. The Department is also actively taking up with MoHFW/CDSCO for the promotion of newer products such as gene therapy, bio-similars, and specialty drugs to drive the next phase of export growth.
