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PHARMACEUTICAL EXPORTS STOOD AT $3,712 MILLION IN FISCAL 2005

August 23, 2005

Export of pharmaceuticals during 2004-05 amounted to $3,712.57 million, the Lok Sabha was informed on Monday. This was stated by chemicals and fertiliser minister Ram Vilas Paswan in a written reply. To another question, he said the process of rationalisation of manpower has been initiated in Hindustan Organic Chemicals Ltd. A total of 686 employees opted for the voluntary retirement scheme, reducing the manpower cost of the company by Rs 14 crore. HOCL made a net profit of Rs 6.40 crore in 2004-05, Mr Paswan said.

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