New Delhi, June 8 -- Commerce and Industry Minister Piyush Goyal on Monday expressed strong confidence in India's pharmaceutical sector, saying the country's USD 60 billion pharmaceutical Industry is poised to double in next five years as he addressed the Pharmaceutical Export Promotion Council's Global Ambassadors Meet on the sidelines of IPHEX 2025, the 12th edition of India's premier pharma and healthcare exhibition.

Goyal outlined three pillars defining India's pharmaceutical strength.

First, trust. India has aligned its Good Manufacturing Practices framework with global benchmarks, produces 65-70% of the World Health Organisation's vaccine requirements, and hosts the largest number of US FDA-approved plants of any country in the wo...