| Pharmaceutical Industry in India | | | | atmosphere helps the MNCs to develop themselves |
| Today, India has developed itself in the | | | | in this nurturing atmosphere. |
| pharmaceutical domain. In fact, it has a grown in to a | | | | Looking at the pharmaceutical background of the |
| biggest market for the Pharmaceutical Industry. India | | | | state, the state is called as the Pharmaceutical Hub |
| pharmaceutical industry ranks fourth in terms of | | | | of the country as it accounted for 40% of the total |
| volume and thirteenth in terms of value. Be it | | | | Indian pharmaceutical production and 17% of Indian |
| formulations, bulk drugs, generics, new chemical | | | | pharmaceutical exports in 2004-2005. There are 3267 |
| entities, or biotechnology etc, Indian companies are | | | | registered pharmaceutical industrial units in Gujarat |
| dominating the marketplace that was traditionally | | | | which fetch investment of USD 1.6 billion in the |
| other MNC's. | | | | pharmaceutical sector. Gujarat accounts for 40 per |
| Interestingly, this growth of industry is due to low | | | | cent market share in the domestic pharmaceutical |
| R&D costs and highly-skilled resource pool. | | | | industry in India, these domestic companies |
| Moreover, the prospered on the reverse engineering | | | | registered combined sales turnover of USD 2.76 billion. |
| skills, by making optimum utilization of lack of process | | | | Gujarat has highest number of SEZs in the country, |
| patent in the country. This has helped India offer | | | | which offers distinct economic advantages to large |
| products at some of the lowest prices. India has | | | | pharmaceutical companies who are looking to reduce |
| largest number of , second to US which shows that | | | | their time-to-market on new products and save |
| Indian pharmaceutical industry have not compromised | | | | costs within the same period. |
| on quality to make cheaper products. Drugs made in | | | | Gujarat offers the following strategic advantages like |
| India are exported to US, Europe, Central and | | | | an established chemicals industry culture, presence of |
| Eastern Europe, Latin America and Africa which | | | | pharma clusters, backward linkages with domestic |
| counted worth US$ 7.2 billion in 2007-08 to these | | | | raw material & capital goods suppliers, gujarat |
| countries. | | | | food & drug control administration , knowledge |
| There are many Indian players that have emerged as | | | | linkages with research institutions & labs, |
| top suppliers of cheap generics to the world. Big of | | | | education & research development centre, food |
| the world ignored generic drugs, because its | | | | & drug control laboratory, developed CRO |
| manufacturing required different skill sets and the | | | | industry, large and skilled workforce, skills in process |
| margins were low. On the other hand, patented | | | | chemistry, globally harmonized regulations, and |
| drugs enjoyed a monopoly and earned multi-million | | | | There are many pharmaceutical players in Gujarat |
| dollar sales. will be witnessing significant growth in | | | | which are renowned in the world. Cadila |
| the near future as spending on healthcare is | | | | Pharmaceutical is one of the India's leading research |
| increasing like never before. Consumer spending on | | | | based, tech-savvy pharmaceutical companies focusing |
| healthcare is estimated to increase from 7 per cent in | | | | on areas like formulations for Human, active |
| 2007 to 13 per cent by 2015. | | | | pharmaceutical ingredients, new drug discovery, novel |
| Pharmaceuticals Companies in Gujarat | | | | drug delivery photochemistry, biotechnology, plant |
| Renowned as the state of entrepreneurs and with | | | | tissue culture, biosynthesis, genetic engineering, |
| gifted natural resources, Gujarat stands ahead from | | | | immunoglobulin, etc. Cadila Pharmaceutical has quality |
| many of the other states in the Country. States | | | | control & analytical research laboratory to meet |
| rapidly growing economy and the industry oriented | | | | the domestic and international quality standards. |