What moves on this corridor.
India exports → EU
USD 4.2B annually — biologics and biosimilars (Biocon, Dr. Reddy's, Intas Biologics); recombinant proteins; monoclonal antibodies (biosimilar bevacizumab, trastuzumab, adalimumab); vaccines (Serum Institute — AstraZeneca Covishield; Pfizer-BioNTech fill-finish; HPV, meningitis); clinical trial services (Fortis Clinical Research, SIRO Clinpharm, Lambda Therapeutic); genomics and diagnostics services
Top India states: Karnataka (Bangalore — Biocon, Kemwell; India's biotech capital), Maharashtra (Pune — Serum Institute; Hyderabad — Dr. Reddy's, Biological E), Telangana (Hyderabad — Biological E, Bharat Biotech, Hetero Biopharma), Gujarat (Ahmedabad — Zydus Lifesciences biologics; Cadila Biologics), Tamil Nadu (Chennai — CRO hub; SciGenom, Equinox Labs)
EU exports → India
EUR 1.8B annually — originator biologics (Roche, Novartis, Sanofi — EU manufactured for India hospital market); EU CRO services (ICON, Syneos, PPD — coordinating India clinical trial sites); EU bioproduction equipment (Sartorius — India operations; Cytiva; Thermo Fisher — bioprocessing); EU diagnostic platforms (Roche Diagnostics, bioMérieux India); specialty chemicals for bioprocessing (Sigma-Aldrich/Merck KGaA)
Top EU buyers: Germany (Bayer — biosimilar licensing; Boehringer Ingelheim — CDMO; Sartorius — bioprocessing equipment; Paul-Ehrlich-Institut — regulatory), Switzerland (Roche — India API and biosimilar; Lonza — CDMO partnership; Novartis — generic/biosimilar), France (Sanofi — India vaccines partnership; EvolentHealth CRO), Sweden (AstraZeneca — Covishield partnership with Serum; Recipharm — CDMO), Ireland (ICON Clinical Research — India CRO sites; Allergy Therapeutics)
Growth rate
+22% CAGR India biotech exports (2019–2024) · Biosimilars +28% CAGR · mRNA vaccine capability +50% CAGR (post-COVID) · India CRO market +18% CAGR
FTA duty impact
Biologics face different tariff treatment from small molecule drugs. Vaccines and biologics (HS 3002): EU MFN typically 0% (WHO Pharma Tariff Elimination). Recombinant proteins (HS 3504): 0% EU MFN. CDMO services (Mode 1): 0% GATS. The primary commercial barrier is EU GMP Biologics (Annex 1/Annex 2 of EU GMP) — not tariffs.