Active Pharmaceutical Ingredients
Complete information of Indian Pharmaceutical Industry Research suggests that the pharmaceutical sector in India is the world’s second largest in volume and in all likelihood, lead the manufacturing sector of India. In terms of the global market, India currently holds a modest 1-2% share, but has been growing at 10% annually. India has also earned its place on the global scene with its innovatively engineered generic drugs and active pharmaceutical ingredients way . Local Anesthetics A recent study has suggested that the pharmaceutical industry in India ranks 14th in terms of value over a whooping Rs . 1 trillion dollars! This industry started with a turnover of 15 billion in 1980 and approaches have achieved a turnover of 1.00611 trillion! Like any other industry, the pharmaceutical industry in India also has to face several challenges, such as regulatory barriers, lack of adequate infrastructure, without professional qualifications, and expensive research equipment among several others. However, they must learn to overcome all this and find a way to work through everything. The Government of India in turn , has done much to help the pharmaceutical industry to increase . The tax advantages offered, a new method for drug development and appropriate clinical procedures. The Government of India has also launched two programs to help the pharmaceutical industry , namely , New Millennium Technology Leadership Initiative and Indian medicine and Pharmaceuticals Research Programme. The Government is also in the process of contemplating the creation of Special Purpose Vehicles (SRV ) with insurance coverage for use in the funding of research into new drugs . The Department of Pharmacy is considering the creation of research centers of drugs that can be used by private companies for research on income. What has also contributed to the growth of the pharmaceutical industry in India’s pharmaceutical exports. Exporting has become an important engine of growth in this sector with over 50 % revenue from overseas markets. The export of drugs is estimated at $ 8.25 billion according to the Council of Exporters of Pharmaceutical Products of India, created by the Government of India. What does the future look like for pharmaceutical companies in India? With several companies slated to make investments in India, the future scenario of the pharmaceutical industry looks promising. There
seems to be a huge growth potential considering the rate at which the drug companies and the pharmaceutical industry are growing. Mahendra Chemicals is an US FDA approved ISO 9001:2008 certified Lidocaine Drug and Active Pharmaceutical Ingredients.