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The Indian Pharmaceutical Industry today is in the front rank of Indian Science-based industries with wide ranging capabilities in the complex filed of drug manufacture and technology. It ranks very high in the world in terms of technology, quality and range of medicines manufactured. From simple headache pills to sophisticated antibiotics and complex cardiac compounds is now made indigenously.
India has a pool of personnel with high managerial & technical competence, which enabled Indian Pharmaceutical Industry to improve its infrastructure in terms of R&D, quality, technology & range of medicines; as a result many Indian Pharma units have been approved by regulatory authorities of USA, UK, and Europe. This Dynamic development during the past 54 years helped to put India on the Pharmaceutical world Map.
Growth Prospects- Indian's Pharmaceutical Industry is now third largest in the world in terms of volume. It ranks is 14 in terms of value. The Indian Pharmaceuticals market is expected to reach US$ 55 billion in 2020 from US $ 12.6 billion in 2009. And Pharma market has the further potential to reach US$ 70 billion by 2020.
This is an authentic, assured growth opportunity to every individual who is related and connected to Indian Pharmaceutical Industry. |
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