Pharmaceutical Companies in India are growing at a really rapid percentage and this has made the Indian pharmaceutical industry as the second biggest growing industry. Indian pharmaceutical companies manpower capabilities to keep the industry moving forward on a global scale, and within India, the industry is estimated to be price getting ready $3.1 billion (USD). Mergers and acquisitions are the part of the pharma companies growth. The compounded annual growth rate of pharma in India is 13-15% and the global stats are also 4-7% for the period of 2009-2013. With such a profound growth of pharmaceutical companies in India numerous pharmaceutical jobs will be in a position to be seen. This in turn is helping biotechnology industry and booming the biotechnology jobs in India.
Pharmaceutical companies along with native firms also are too competing with the top MNCs. Such a total growth is because of the heavy population statistics and with the skyrocketing number of middle category people and their income the access to drugs and medicines is too accelerating. Nonetheless still the low-priced generics are popular in Indian pharmaceutical industry.
In truth, the Indian government has labeled the country’s pharmaceutical sector as an in intellectual. This has encouraged and motivated the already superb investigate and innovative science behind the scenes of pharmaceutical companies in India. Nowadays, mostly little and mid-sized companies create up most of India’s pharmaceutical market, with over two hundred of the most important companies controlling nearly three quarters of India’s market. India exports way more than 1/2 of the bulk drugs produced within the country, with the most important importers being the United States and Russia. However, India’s well-developed IT Companies will be in a position to provide additional aid at the pharmaceutical companies, which is going to most certainly result in advancements in separate molecule discovery.
Initiatives by Government in Pharmaceutical Companies
- Tax breaks are offered to pharma industry
- New procedure for the development drugs
- Proper clinical procedures
- New Millennium Indian Technology Leadership Initiative and the Drugs and Pharmaceuticals Research Programme – Two schemes launched by the government.
List of Top Pharmaceutical Companies in India
- Aurobindo Pharma
- Bengal Chemicals and Pharmaceutical Works
- Cadila Healthcare
- Dr. Reddy’s Laboratories
- Glenmark Pharmaceuticals Ltd.
- Lupin Laborotories
- RPG Life Sciences
- Sun Pharmaceuticals
- Zandu Pharmaceuticals Ltd.