HCL Tech Q3 Below Estimates; net Up 0.3%, $ Revenue Up 1.3%

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The country's pharmaceutical exports reported a 9.7 per cent jump and nearly 33 per cent growth in US markets in FY16, Union Commerce Secretary Rita Teaotia said as per the PTI report. The country's pharma exports stood at Rs 96,000 crore during 2014-15.

"The country's pharmaceutical exports is one of the good stories of Indian exports. We have registered 9.7 per cent jump and 33 per cent growth in exports to US market. We see lot of growth potential of pharma exports in coming years," Teaotia told PTI after inaugurating iPHEX 2016 conference.

Indian industries have managed to maintain and increase their market share in most of the sectors despite countries all over the world experiencing fall in exports, Teaotia said adding that despite the US FDA issues faced by the several domestic pharma companies last year, the huge exports growth of 33 per cent shows our companies are capable of taking challenges.

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