RESEARCH IS DEVELOPMENT
The Indian pharmaceutic application is a success story providing employment for million and ensuring that essential drugs at affordable prices are to the vast population of this sub-continent.
The Indian pharma industry today in the front rank of Indias science based industries with wide ranging capabilities in the complex force field of drug manufacturing and technology. It ranks very high in the global grocery store in legal injury of technology, quality and range of medicine manufacture. From manifestly headache pills to antibiotics and complex cardiac compounds, oncology, etc.. Almost every character of medicine is now made indigenously.
Indian pharmaceutical industry is now the third largest in the world in terms of volume where USA bags the first place. Its rank is 14th in terms of value, India accounts for 8 % of global pharmaceutical production. According to IMS wellness, for the copious year 2010 the Indian retail pharmaceutical market was valued at 10.2 billion growing at 16.5% over 2009. due to aggressiveness in the market and global demand for the Indian pharmaceutical products there has been 100 % of FDI is allowed under the automatic passageway in the drugs & pharma sector including those involving use of recombinant technology.
The top decade firms/companies (by sales) that contribute their share to make the Indian pharmaceutical industry at apex position are
1). Cipla pharma 2). Ranbaxy laboratories
3). Dr.
Reddys Laboratory 4). Sun Pharma
5). Lupin Labs 6). Aurobindo Pharma
7). Piramal health 8). Cadila Health care
9). Aventis Pharma 10).Ipca Laboratories
Note1: The above are the top leading companies by sales, and data is taken from India brand equity foundation (IBEF).
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