Pharmaceutical & Drugs
Indian Pharmaceutical & Drugs Industry is estimated to be worth $ 5 – 10 billion; which is presently going through unprecedented changes. It is an organized sector which is growing at an annual rate of 13 per cent. In terms of volume, Pharmaceutical & Drugs sector of India ranks 4th and in terms of value, it ranks 13th. India formulates 20-24 per cent of the world's generic drugs (in terms of value).
The key factors that has helped the sector in scaling new heights of success are low production cost, low R&D cost and experienced & knowledgeable manpower. In addition to this, immense boost to the domestic market also comes from the rise of affluent consumers in India, who lead western lifestyles and demand high quality & innovative medicines to treat chronic illnesses that has occurred from their lifestyles.
The main opportunities for the Indian Pharmaceutical & Drugs Industry are in the spheres of generics (including biotechnology generics), biotechnology and outsourcing (including contract manufacturing, information technology (IT) and R&D outsourcing).
India’s exports of Pharmaceutical & Drugs between the year 2010-11 was approximately US$ 11.6bn. Indian Generic Drugs are pure, accurate in composition, precise in pH value, non toxic and exported to more than 200 countries. The major export countries are USA, Russia, Germany, Netherlands, China, Turkey, Austria, Italy, Spain, South Africa and UK. Some of the other countries are Brazil, Nigeria, Canada, Ukraine, Israel, Belgium,Thailand, France, UAE, Bangladesh and Switzerland .
Top Pharmaceutical and Drugs Exporting company