SIGNIFICANCE OF INDIAN PHARMA INDUSTRY
1. Competent workforce:
India has a pool of personnel with high managerial andtechnical competence as also skilled workforce. It has an educated work force andEnglish is commonly used. Professional services are easily available.
2. Cost-effective chemical synthesis:
Its track record of development, particularly in thearea of improved cost-beneficial chemical synthesis for various drug molecules isexcellent. It provides a wide variety of bulk drugs and exports sophisticated bulk drugs.
3. Legal & Financial Framework:
India has a 53 year old democracy and hence has asolid legal framework and strong financial markets. There is already an establishedinternational industry and business community.
4. Information & Technology:
It has a good network of world-class educationalinstitutions and established strengths in Information Technology.
The country is committed to a free market economy and globalization.Above all, it has a 70 million middle class market, which is continuously growing.
For the first time in many years, the international pharmaceuticalindustry is finding great opportunities in India. The process of consolidation, which has become a generalized phenomenon in the world pharmaceutical industry, has startedtaking place in India.
SOME LEADING PLAYERS IN PHARMACEUTICAL INDUSTRY
1.Ranbaxy2.Wockhardt3.Glaxo4.Novartis5.Cipla6.Cadila Healthcare7.Aurobindo Pharma8.Dr Reddy’s Laboratories9.Aventis Pharma10.Nicholas Piramal11.Sun Pharma12.Glenmark Pharma