Business Standard

India lifts restrictions on HCQ exports as country is well stocked

Exports were happening on humanitarian grounds but with necessary permission

hydroxychloroquine, hcq, drugs, coronavirus, pharma
Premium

The drug too has lost steam in the global market with the World Health Organisation (WHO) suspending the HCQ arm of its Solidarity trial again this week

Sohini Das Mumbai
India on Thursday lifted restrictions on exports of hydroxychloroquine (HCQ) as there is enough stock in the market. In a notification the Directorate General of Foreign Trade lifted any prohibitions on the export of the drug. 

Minister for Chemicals and Fertilizers, Sadananda Gowda had tweeted a few days back that "Department of Pharmaceuticals has approved the lifting of ban on Export of Hydroxychloroquine API as well as formulations." He had added that all units except those in special economic zones or export-oriented units will have to supply 20 per cent of their production to the domestic market. A formal notification

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in