New Delhi, Sept. 14 -- The Indian embassy in Cairo has issued a cautionary trade advisory to all Indian pharmaceutical exporters regarding Biomed For Pharmaceutical Industries, an Egyptian firm. They have been advised to seek advance against export orders, said two officials aware of the development.

The advisory has been put in public domain by Pharmexcil-India's pharmaceuticals export promoting council-highlighting the details.

According to the advisory, several Indian companies have reported significant delays in receiving payments from Biomed despite them having fulfilled their shipment deliveries.

"Egypt remains a key trading partner in Africa, a continent that accounts for a significant portion of India's pharma exports," said an...