New Delhi, Oct. 7 -- The Pharmaceuticals Export Promotion Council of India (Pharmexcil), a trade promotion agency set up by the commerce ministry, has sought information from Indian pharma exporters on payment defaults by foreign buyers.

India, the world's generic drugs capital, exports nearly $28 billion worth of medicines a year making up 20% of the global volume. Around 4,000 drug makers are members of Pharmexcil.

Exporters have been asked to provide details such as the buyer's name, country, contact information, invoice value and date, payment terms, and nature of default, according to a Pharmexcil document reviewed by Mint. The deadline for submitting the information is 10 October.

Delayed payments or non-receipt of overseas dues ...