The BBC website reported on August 12 that over the past few months, China has closed many chemical plants due to the Olympic Games, leading to a severe supply of chemical raw materials for pharmaceutical companies in India. The company stated that the price of most raw materials has increased significantly, and some supplies have been interrupted. The daily operating costs of businesses have doubled compared to the past.
Ten years ago, China's pharmaceutical industry in India did not play such a significant role. However, in the past 10 years, due to the competition of imported raw materials from China, many local Indian chemical companies have closed down. India's drug prices are government-controlled. With the rise in crude oil prices and the appreciation of the renminbi, India's pharmaceutical industry has sharply reduced its profit margins, coupled with China's interruption of supply has caused a sharp increase in costs, production pressure is very large, and some medicines have not been available in small towns. .
The report focused on whether Chinese suppliers restarted or remained closed after the Olympic Games.
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