Over the last year, nearly 1.5 lakh factories in China have shut down due to measures taken by Chinese government to control pollution. Companies who are not following parameters and guidelines to treat pollutants and maintain level of permissible pollution limits are shut down.
Thousands of government officials are behind bars who were responsible to check and administer the companies wrt pollution measures.
India is importing 70 to 75% Pharma Raw material from China, increased rates and shortage of material is inevitable. In last 3-4 months pharma raw material rates have increased by 25-30% and thing may get even worst in future.