The first Indian pharmaceutical company, Bengal Chemicals andPharmaceutical Works, which still exists today as one of 5 government-owned drug manufacturers, appeared in Calcutta in 1930
The Indian pharmaceutical industry currently tops the chart amongst India'sscience-based industries and is estimated to be worth $ 6 billion, growing atabout 10 percent annually.
The industry has over 60,000 generic brands across 60 therapeuticcategories and manufactures more than 400 different active pharmaceuticalingredients (APIs)
The IPI is globally the 3
largest in terms of volume and 13
largest interms of value