Summary:
Neeraj BaggaTribune News ServiceAmritsar May 10Suspension of air transport between China and India has caused a shortage of salts raw material for preparing medicines which in turn enhanced their prices in the domestic market. The biggest hike was noticed in methylprednisolone which rose from Rs 85000 to Rs 2.30 lakh within a week. There are about 30 pharmaceutical companies in the city which collectively have annual turnover between Rs 700 to Rs 800 crore. Amit Kapur general secretary of the Pharmaceutical Manufacturers Association Amritsar said a sharp rise in the prices of raw materials unnerved manufacturers. He held this trade imbalance between India and China for supplies of raw material of medicines to oversight of successive Indian governments to the pharma sector..