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Indian Pharma Exports Up Over 9% In 2024-25: Govt

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Indian Pharma Exports Up Over 9% In 2024-25: Govt


New Delhi: India’s pharmaceutical exports stood at $30.47 billion in 2024–25, registering a growth of 9.4 per cent over the previous year, supported by a strong manufacturing base and expanding global outreach, Commerce Secretary Rajesh Agrawal said on Wednesday.  

Inaugurating a one-day Regional Chintan Shivir on Pharmaceutical Exports, the Commerce Secretary highlighted that India’s domestic pharmaceutical market is currently estimated at around $60 billion. The market is expected to double to approximately $130 billion by 2030, reflecting the sector’s scale, depth, and innovation potential, he added.

The Commerce Secretary underlined that India is today the world’s third-largest pharmaceutical producer by volume and fourteenth by value, with more than 3,000 companies, 10,500 manufacturing units and over 60,000 generic brands across 60 therapeutic areas.

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Indian medicines reach over 200 markets worldwide, with more than 60 per cent of exports going to stringent regulatory destinations. The United States accounts for about 34 per cent, while Europe accounts for around 19 per cent of India’s pharmaceutical exports. These strengths, combined with India’s role as a reliable supplier of quality-assured and affordable medicines, were recognised as a strong foundation for the next phase of export growth.

Deliberations during the Chintan Shivir focused on sensitising exporters, especially MSMEs, to India’s evolving international trade and cooperation framework, and on strengthening industry awareness of policy, regulatory and capacity-building initiatives relevant to pharmaceutical exports.

Discussions centred on the identification of non-tariff barriers and regulatory challenges, expansion of regulatory cooperation and mutual recognition mechanisms to enable faster and more predictable approvals, and building a robust life sciences innovation ecosystem encompassing research and development, clinical trials, biologics, vaccines and biosimilars.

The Commerce Secretary also underlined the vision of Prime Minister Narendra Modi to position India as a trusted global trade partner and to expand India’s share in global pharmaceutical trade, thereby enabling wider access to quality and affordable healthcare across the world.

Participants were apprised of recent developments in India’s international trade framework, including the India–UK Comprehensive Economic and Trade Agreement (CETA) signed on July 24, 2025, and the India–European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA), which became effective on October 1, 2025.



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BP names new boss as current CEO leaves after less than two years

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BP names new boss as current CEO leaves after less than two years


Archie MitchellBusiness reporter

Reuters Newly appointed BP chief executive Meg O'Neill wears a grey suit and blue top while posing sat on the edge of a boardroom table.Reuters

Newly appointed BP chief executive Meg O’Neill

BP has appointed a new chief executive, making Meg O’Neill the first woman to run a major global oil firm.

The London-based energy giant said its current boss Murray Auchincloss would step down less than two years after he replaced Bernard Looney, who was found to have committed “serious misconduct” in failing to disclose relationships with colleagues.

BP executive vice president Carol Howle will serve as interim chief executive until Ms O’Neill, who has led Australian energy firm Woodside Energy since 2021, takes up her new role on 1 April.

Ms O’Neill said she looks forward to helping BP “do our part to meet the world’s energy needs”.

Mr Auchincloss, who took over from Mr Looney in September 2024, said he had told BP’s chairman in September that he was open to stepping down “were an appropriate leader identified”.

“I am confident that BP is now well positioned for significant growth and I look forward to watching the company’s future progress,” he said after Ms O’Neill’s appointment was announced. He will serve in an advisory role until December 2026.

Ms O’Neill said she would prioritise re-establishing the oil giant’s market leadership, as well as advancing safety and driving innovation and sustainability.

BP praised Ms O’Neill’s time as chief executive of Woodside Energy, pointing to the firm’s takeover of BHP Petroleum International in 2022.

It said she had grown the business into the largest energy company listed on the Australian Securities Exchange.

Before joining Woodside, Ms O’Neill spent 23 years in technical, operational and leadership positions at Texas-based energy firm ExxonMobil.

Mr Looney was dismissed without notice in 2023, and forfeited up to £32.4m ($43.3m) in salary and benefits, after admitting that he was not “fully transparent” about his past personal relationships.

BP’s board said they had been “knowingly misled” by Mr Looney.

At the time, Mr Looney said in a statement that he was “disappointed with the way this situation has been handled”.

Ms O’Neill’s appointment comes as BP is cutting its renewable energy investments and instead focusing on increasing oil and gas production.

In February, the energy giant said it would shift its strategy following pressure from some investors who were frustrated that its profits and share price had lagged behind rivals.

Rivals Shell and Norwegian company Equinor have also scaled back plans to invest in green energy and US President Donald Trump’s call to “drill baby drill” has encouraged firms to invest in fossil fuels.

The sudden departure of Mr Auchincloss comes only three months after the appointment of a new chair of the BP board, Albert Manifold.

Energy consultant and former Shell executive Robin Mills told the BBC’s Today programme that the “surprise” appointment of Ms O’Neill was about refocusing on its core oil and gas businesses.

“The new chairman, Albert Manifold, has really decided to put his stamp on things,” he said.

“I think the announcement that’s been put here made it very clear that he felt Murray [Auchincloss] had done a decent job, but not enough and more was needed and some new leadership, some new blood.”



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Panel questions IndiGo, DGCA babus, gets ‘unconvincing’ replies | India News – The Times of India

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Panel questions IndiGo, DGCA babus, gets ‘unconvincing’ replies | India News – The Times of India


New Delhi: IndiGo was quizzed on Wednesday by a parliamentary committee over the misery inflicted on passengers by its mass-cancellation of flights, but it blamed a variety of factors, including system glitch and adverse weather conditions, while DGCA and the aviation ministry parried off criticism of their role in the fiasco.Some committee members termed replies of different stakeholders as “unconvincing” and aimed at washing their hands of the crisis, encapsulated by the response of a govt official that he first came to know of the unfolding ordeal through media reports.The panel, headed by JDU’s Sanjay Jha, decided to wait for the report of an inquiry ordered by DGCA before coming to a conclusion and make its recommendation. It will hold another meeting and is expected to call these stakeholders again. The DGCA-ordered committee was constituted on Dec 5 and was asked to submit its report in 15 days.Captain Sam Thomas, president of Bengaluru-based Airline Pilots Association of India, created flutter at the meeting by alleging corruption in DGCA and was asked by members to refrain from making sweeping allegations without producing evidence. He alleged that one can commit any wrong, but stay safe if he touched right feet.A committee member said IndiGo, which has offered apology for the ordeal, was far from apologetic in its response before the panel. It told the panel that several factors combined to derail its operation, including a glitch in system, which needed rebooting, and adverse weather that had their pilots stuck in different zones.IndiGo was represented by its COO Isidre Porqueras, while officials of Air India, Akasa Air, Spice Jet and Air India Express appeared before the panel as well. Civil aviation secretary Samir Kumar Sinha and top functionaries of other stakeholders were part of the deliberations.Replying to a query, IndiGo said all luggage, except 52 which remained unclaimed, have already been delivered.The panel’s meeting came against the backdrop of the suspicion, subject of investigation, that IndiGo remained resistant to the implementation of guidelines (Flight Duty Time Limitation) that allowed more rest for pilots in line with global norms aimed at ensuring flyers’ safety.It has been accused of engineering the disruption, leveraging its market dominance, to force the ministry to roll back the regulation as implementing it would have required the airline to hire more pilots. Faced with chaos caused triggered by disruption of IndiGo’s operations, DGCA had to relax the implementation of the guidelines.IndiGo management is reported to have denied allegation in meetings with ministry.



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Historic Green Milestone: Indian Railways Achieve 99.2% Electrification, Leaves UK, Russia And China Far Behind

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Historic Green Milestone: Indian Railways Achieve 99.2% Electrification, Leaves UK, Russia And China Far Behind


New Delhi: Indian Railways has reached a milestone in its journey toward sustainable transportation, achieving electrification of 99.2 per cent of its broad gauge network. This puts India ahead of major rail economies such as the United Kingdom, which stands at 39%, Russia at 52% and China at 82%, according to a press release from the Ministry of Railways.

The achievement brings the country closer than ever to operating a fully electrified railway system. Fourteen railway zones, including Central, Eastern and Northern Railways, have already achieved 100% electrification. In addition, 25 states and union territories have completed electrification across their rail networks.

Data provided in a written reply to the Lok Sabha highlights the rapid pace of this transformation. Between 2014 and 2025, India electrified 46,900 route kilometres, more than double the 21,801 route kilometres completed in the previous six decades.

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In the past two years alone, 7,188 route kilometres were electrified in 2023-24 and 2,701 route kilometres in 2024-25.

The environmental benefits of this transition are major. Rail transport emits 89% less CO2 than road transport, and Indian Railways is complementing electrification with renewable energy initiatives. So far, 898 MW of solar power has been commissioned at 2,626 stations, reinforcing India’s commitment to a greener transportation network.

Electrification is advancing consistently across zones. The Central, East Coast, East Central, Eastern, Konkan Railway, Kolkata Metro, North Central Railway, North Eastern Railway, Northern Railway, South Central Railway, South East Central Railway, South Eastern Railway, West Central Railway and Western Railway have achieved full electrification.

Other zones, such as North Western, Southern, Northeast Frontier and South Western Railway, have crossed 95% electrification.

The progress is equally impressive state-wise as well. Most states are fully electrified, while Rajasthan, Tamil Nadu and Karnataka are nearing completion. In the North Eastern region, the broad gauge networks in Arunachal Pradesh, Meghalaya, Nagaland, Tripura and Mizoram have been 100% electrified, while Assam stands at 92%, with work underway to complete the remaining sections.

All new rail lines and multi-tracking projects are now being sanctioned with electrification integrated from the beginning. According to the Ministry of Railways, the completion timeline for electrification projects depends on factors such as forest clearances, relocation of utilities, statutory approvals, geological and topographical conditions, law and order situations and climatic constraints, which can affect progress at different project sites.

Beyond expanding connectivity, electrification is central to India’s sustainability agenda. The move to electric rail corridors is helping dramatically cut carbon emissions. For instance, transporting 1 tonne of freight over 1 km emits 101 g of CO2 by road, compared with just 11.5 g by rail, an almost eightfold reduction.

The Indian Railways aims for 100% electrification while contributing to the nation’s goal of net-zero carbon emissions by 2030. Every new rail project now includes electrification from the outset, ensuring that India’s railway system grows greener, more efficient and globally competitive.



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