Hormuz crisis may push up drug prices: Pharma MSMEs battle cost spike of raw materials, packaging
Indian Express·2h ago·Fear
What Happened
The Strait of Hormuz closure disrupts India's pharmaceutical supply chains, causing raw material costs to surge. Paracetamol prices quadrupled from Rs 200 to Rs 800 per kg. Small manufacturers, representing 60% of India's pharma units, face 30-40% cost increases. Packaging materials rose 80-100%. Labour shortages compound problems. Industry warns of cascading effects on medicine prices and availability for consumers.
Key Entities
Strait of HormuzNischal PruthiAfflatus PharmaceuticalsIndiaPharma MSMEsParacetamolDiclofenacNipun JainPharmexcilDr Darshan Kataria