Paracetamol Prices Jump 40% In India As Coronavirus Shuts Down China
- 510
- 7
-
- Last Comment
Paracetamol Prices Jump 40% In India As Coronavirus Shuts Down China
Coronavirus Outbreak: China has disrupted global supply lines after factories there slowed production and people were restricted from moving in and out of the country.
India, the world’s second-most populous nation, is facing the ripple effects of shutdowns in China with production of medicines to mobile phones being hit as supply chain disruptions prolong.
Prices of paracetamol, the most commonly used analgesic, have jumped by 40% in India, while the cost of azithromycin, an antibiotic used for treating a variety of bacterial infections, has risen by 70%, said Pankaj R Patel, chairman of Zydus Cadila. The pharma industry could face shortages in finished drug formulations starting April if supplies aren’t restored by the first week of next month, he said.
Mobile Phones
Some Indian manufacturers of mobile phones are facing disruption to production on account of the shutdown in China, according to Pankaj Mahindroo, chairman of the India Cellular and Electronics Association that represents companies including Foxconn, Apple Inc., Micromax Informatics Ltd. and Salcomp India.
“The impact is already visible,” said Mahindroo. “If things don’t improve soon, production will have to be stopped.”
Inventory with manufacturers would last for about two weeks and production will start suffering when they run out of critical components like printed circuit board, camera modules, semi-conductors, resistors and capacitors, Mohnidroo added.
ndia imported electronic goods worth $55 billion in the year to March 2018. According to a government report, production of cellular mobile handsets reached 225 million units during that period, as compared to 60 million units in 2015.
Xiaomi Corp.’s India unit is working to explore alternative supply channels for components and raw materials, a spokesperson for the local unit said. The immediate impact is that the short supply might cause some negative pressure on prices.
- Sort By
Our modiji will now hike petrol prices citing hike in paracetamol price increase LOL
Any stock would have positive affect of this jump in prices, or shortage in supply would severely affect them
Shortage will affect stock prices, check M&M, Tata Motors, few pharma stocks are in down trends
Irony of this is that it will probably be Chinese companies like Xiaomi who will create better supply chains in India because of the hit back home in China.
We already should have had robust supply chains decades ago.
will mobile prices increase – redmi had already increased note 8 price 
china is everywhere.