India drug transport cost may fall 15%-20% if dispute ends

The transportation costs of Indian drug firms is expected to fall by 15% to 20% percent once a dispute between India and Europe over drug shipments is resolved, NR Munjal, president, Indian Drug Manufacturers' Association, told Reuters.

January 07, 2011 / 17:08 IST

The transportation costs of Indian drug firms is expected to fall by 15% to 20% percent once a dispute between India and Europe over drug shipments is resolved, NR Munjal, president, Indian Drug Manufacturers' Association, told Reuters.

"Since we were not able to send drugs via European route the cost had gone up. Since the dispute is almost resolved the shipments to Latin America, Africa and other regulated markets would cost us less," he said.

The government of India and the European Union last year decided to resolve a dispute wherein shipments of Indian drugs were seized at various European locations.

first published: Jan 7, 2011 04:08 pm

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