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Dilip Shanghvi
Founder & MD, Sun Pharma

Global Business Summit 2025 में Dilip Shanghvi और Naveen Jindal के साथ खास चर्चा में Nikunj Dalmia!

📅 Feb 15, 2025 ET Now Swadesh 8 MIN 654 VIEWS 12 SEGMENTS · 3 SPEAKERS
Global Business Summit 2025 में देखिए Sun Pharmaceutical Industries के Founder & Managing Director, Dilip Shanghvi और JSPL के CEO Naveen Jindal के साथ खास चर्चा #ScriptingATomorrow #GBS2025 #ETNOWGBS2025 #GlobalBusinessSummit #India Subscribe To ET Now Swadesh for Latest Updates on Stocks Market News in Hindi, business News, Agriculture News & more    / etnowswadesh   Download our mobile app: https://bit.ly/3AD5qqN Watch Live TV : https://hindi.etnownews.com/live-tv Subscribe to our other network channels: ET NOW:    / @etnow   Times Now: http://goo.gl/U9ibPb Zoom: http://tiny.cc/u435nz...

Questions asked in this interview

3
  1. 0:00But is India on the wrong side of what is happening to global tariffs given that requirement for the US government which is to control the health care cost in the US?
  2. 1:23Where do you see the Indian Pharma sector moving, evolving, and expanding?
  3. 5:17Shanghvi, what is the risk for big Pharma? Is it global generic pricing?
Host 0:00 ↗
Quite noisy tariffs, supply chains, global growth, rupee, dollar, manufacturing, a lot is at play. So how is the world evolving? I know I am on your left side but that's not the wrong side. But is India on the wrong side of what is happening to global tariffs given that requirement for the US government which is to control the health care cost in the US?
Dilip Shanghvi 0:31 ↗
Uh, I mean if you read some of the statements, then products will be spared, even if they are not. The generic business, as you are aware, has undergone significant price cuts. You have, as a country, long-term it's not going to go away overnight. And even if some manufacturing was to start in Pharma business, it takes at least 5 to 7 years. In fact, this actually would be an opportunity for Indian Pharma sector because tariffs are coming on China, they're not coming on India. No, I think you're reading more than what I said. But what impact it has on the business, very difficult to predict. But we fulfill an important role, and that gives me the confidence that.
Host 1:23 ↗
Good evening everyone. So many of you would be surprised to know that these tariffs from us actually is just not now. 25%, then many products they're more than 200%. Produce steel for domestic consumption. We are growing, we are a growing economy, we are growing at a very fast rate, much faster than USA or any other country. So our demand is mostly for domestic consumption. Then maybe it may work to our benefit, in fact. But are Indian steel companies globally comparative? Because the view, at least in the stock markets and those, there's hardly any protection that Indian steel industry has. But obviously, with this, all the countries that were exporting to USA, they might start wanting to dump in India. The Commerce Ministry to put countering duty to, I mean, duty on all imports from every country. So I'll come to what India should do, but I'll just turn of our viewers who would be watching this show. Sun Pharma is India's largest Pharma company. Sun Pharma is India's largest Pharma exporter. Sun Pharma has the largest market share in the Branded Market, moved up the value chain from oral and generic, then to complex and now to specialized. Where do you see the Indian Pharma sector moving, evolving, and expanding? Or five tablets out of 10 consumed in the US are produced or linked with the Indian API, so that's a remarkable achievement in a relatively short period.
Dilip Shanghvi 2:53 ↗
Period till now, some $34 billion in that business, and that business is now almost 20% of our turnover, but growing very rapidly. And we will continue to make investment. I think, like when we started, we were a small company in an industry where many large companies we were competing. Our focus is that how do we use our smallness of size so we can focus, because for us a $500 million global product is a big product. For them, a product less than a billion dollar is not economically viable. So expecting that when, say, like we have some close to 20 products in different stages of clinical development.
Host 3:44 ↗
Products developed in India, so if some of them becomes globally, almost 5 years to convince Mr. Shanghvi to come for an interaction. So I've got a lot of questions, I hope you're ready, sir.
Dilip Shanghvi 3:55 ↗
Sure, so I will take the chance of taking the five years forward. Then, Emerging Market in India, branded generic business is almost 50% of our business. The US generic business is around 25% of the business, as I said, almost 20% of our company, but growing much faster than the other businesses. So maybe from 20, we will go to 25, 30 of a much larger turnover.

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Cite this transcript

APA, MLA, BibTeX
APA

Shanghvi, D. (2025, February 15). Global Business Summit 2025 में Dilip Shanghvi और Naveen Jindal के साथ खास चर्चा में Nikunj Dalmia! [Interview transcript]. ET Now Swadesh. CEOInterviews.AI. https://ceointerviews.ai/interview/1185930/

MLA

Dilip Shanghvi. "Global Business Summit 2025 में Dilip Shanghvi और Naveen Jindal के साथ खास चर्चा में Nikunj Dalmia!." ET Now Swadesh, 15 Feb. 2025. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/1185930/.

BibTeX
@misc{shanghvi2025_1185930,
  author       = {Dilip Shanghvi},
  title        = {Global Business Summit 2025 में Dilip Shanghvi और Naveen Jindal के साथ खास चर्चा में Nikunj Dalmia!},
  howpublished = {Interview transcript, ET Now Swadesh. CEOInterviews.AI},
  year         = {2025},
  month        = {feb},
  url          = {https://ceointerviews.ai/interview/1185930/},
  note         = {Speaker-attributed transcript with timestamps}
}