India’s pharmaceutical exports, currently valued at nearly $27.8 billion, are set to cross the $30 billion mark by the end of this year, Union Minister of State (Independent Charge) for Science and Technology Dr. Jitendra Singh said on Tuesday.

The Minister added that the country’s domestic pharma market, now at $60 billion, is expected to double to $130 billion by 2030. He also underlined the rapid expansion of India’s MedTech sector, which is growing at an annual rate of 15-20%, supported by around 800 medical device manufacturers nationwide.

Singh was speaking at the signing of a Memorandum of Understanding (MoU) between the Department of Biotechnology (DBT) and the Government of Uttar Pradesh to boost innovation and investment in pharma, biotech, and MedTech. The collaboration, execu

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