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Indian Pharmaceutical Industry Analysis

Indian Pharmaceutical Industry Analysis

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Published by: sumeetgurnani on Feb 16, 2011
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11/15/2011

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 ALLIANCE BUSINESS SCHOOL
Section EGroup 10PGP 2008-10
 A Study onGrowth and Recent Developments in PHARMACEUTICAL INDUSTRY 
Submitted To:
Dr. R. Venkatamuni Reddy
Submitted by:
Atreyee Nandy - 08PG294Harkirt Kaur - 08PG306Nalini Sharma - 08PG317Sanaa Sadique - 08PG341Santosh Prasad - 08PG342Vineeth Gangadharan -08PG355
 
ACKNOWLEDGEMENT
We would like to express our heartfelt gratitude and thankfulness towards our IndustryAnalytics professors, Dr. R.Venkatamuni Reddy and Dr. Gervasio S.F.L Mendes for giving us an opportunity to work on this project, which has helped us gain an in depthunderstanding of the Indian Pharmaceutical Industry.The timely advice given by Prof. Reddy and Prof. Mendes went a long way inensuring that we do not lose focus while working on the project. The constantguidance and meaningful suggestions provided by them also helped in making this project a relevant and a rich source of learning for the students of Industry Analytics.We hope that this project would enable the readers understand the working of IndianPharmaceutical Industry in detail.2
 
EXECUTIVE SUMMARY
The Indian pharmaceutical industry has come a long way from waiting for imports of  bulk drugs from global players for re-processing to becoming an industry which isdriving the product development and is breaking new grounds in medical researchworldwide.The Indian pharmaceutical industry has a unique amalgamation of two major criticalfactors that make it so attractive and thereby add impetus to its growth. These are:
The process patent regime
Price controlsThe implementation of Good Manufacturing Practices has further supplemented thegrowth of this industry which is now producing bulk drugs for all the major therapysegments, which are now most in demand. In addition to this, the competencies thatIndia has achieved in process re-engineering and organic synthesis have helped derivethe most cost-effective solutions which are also compliant with the quality standards.The purpose of this report is to provide an extensive outlook on the pharmaceuticalindustry. The
broad objectives
of this report are:
To study the growth and trend of Indian Pharmaceutical Industry and itscontribution to Indian economy.
To study the bottlenecks in patenting and suggest suitable measures in the lightof the problematic issues in patenting with a focus on TRIPS Agreement.
To track the significance of Mergers and Acquisitions in consolidation of Pharmaceutical Industry.The report provides a complete synopsis on the Indian pharmaceutical market and its present demographics. The reports also presents the future prospects of the industry,which is an indicative of vast potential and growth opportunities, and also the possiblechallenges that the Indian pharmaceutical industry may face ahead.3

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