Israel-Hamas Conflict Threatens Indian Pharma Exports: Report
Israel-Hamas Conflict Threatens Indian Pharma Exports: Report

As the Israel-Hamas conflict rages on, India's pharmaceutical industry faces a potential blow, with disruptions to flight services and a significant impact on its exports. Indian pharmaceutical companies play a pivotal role in supplying medical equipment and medicines to various countries, including the United Arab Emirates (UAE), Qatar, Saudi Arabia, Egypt, Bahrain, and others in the region.

The ongoing Israel-Palestine conflict could take a toll on the Indian pharmaceutical sector, particularly its exports to nations in the Middle East. These countries represent a substantial market for Indian pharmaceutical products, and a prolonged Israel-Hamas war could jeopardize this critical trade relationship.

Reports from industry experts have highlighted the vulnerability of the Indian pharma industry to the Israel-Palestine conflict. With annual exports amounting to approximately one billion dollars in the aforementioned countries, India is a significant supplier of essential pharmaceutical products, including paracetamol, injectables, and various therapies.

Also Read Read Google CEO Sundar Pichai's Message to Staff Regarding Israel-Hamas Conflict

The Israel-Hamas conflict has been ongoing for five consecutive days, characterized by Israeli fighter jets pounding the Gaza Strip, leaving destruction in their wake. Tel Aviv's decision to restrict the entry of food, fuel, and medicines into Gaza further complicates the situation.

The military escalation in Gaza City began in response to a surprise attack by Hamas on October 7, resulting in the loss of hundreds of Israeli lives. The latest reports indicate that the Israel-Palestine conflict has claimed over 2,100 lives on both sides, with the death toll expected to rise as neither side shows willingness to back down. Israeli Prime Minister Benjamin Netanyahu has vowed to wage a merciless war against Hamas.

On October 10, reports of an exchange of fire were recorded along Israel's northern borders, indicating a potential risk of an expanded regional conflict involving Lebanon and Syria.

Israel has reported the loss of over 1,200 of its citizens, including 155 soldiers, since Hamas's incursion, while over 900 people have lost their lives in Gaza. Tragically, these casualties include 260 children and 230 women.

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Hamas's actions have also led to the kidnapping of more than 150 individuals from Israel, with the group issuing warnings that hostages will be harmed in response to Israeli fighter aircraft targeting civilian areas in Gaza without warning.

In response to the situation, Israel has launched a military offensive and expanded its mobilization of reservists to 360,000, aiming to "severely" punish Hamas. Israeli military forces claim to have regained effective control over areas previously attacked by Hamas in the southern region and along the Gaza border.

Also Read: Netanyahu Places Call to PM Modi: India Stands Solidly with Israel During Ongoing Conflict

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