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Pharmaceutical contract manufacturers in India play an eminent role in the nation's GDP by Mark De
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Pharmaceutical contract manufacturers in India play an eminent role in the nation's GDP by MARK DE
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| Article Posted: 11/11/2013 |
| Article Views: 318 |
| Articles Written: 3 - MORE ARTICLES FROM THIS AUTHOR |
| Word Count: 295 |
| Article Votes: 3 |
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Pharmaceutical contract manufacturers in India play an eminent role in the nation's GDP |
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Research,Business,Manufacturing
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The contribution of pharmaceutical industry in the growth of this nation is immense in terms of GDP. In the past years, the pharmaceutical industry in India has marked its presence very strong and makes India outshine for this globally. The various services of the pharma industry in India include contract research, contract manufacturing, drug research and development. The outsourcing of these services by multinational pharmaceutical companies in India makes the future of this nation very bright. Facts about pharmaceutical industry’s contribution in the GDP of India - The pharma contract manufacturing in India is emerging very rapidly and strappingly internationally.
- Owing to its volume of sales the pharmaceutical industry of India ranks fourth globally
- The pharmaceutical industry in India has an estimated value of US$ 6 billion
- Indian pharma industry caters 70% of domestic demand of bulk medicines
- About 20% to 24% of global generic drugs is manufactured by India
- India is one of the biggest active pharmaceutical ingredient producers globally
- In harmony to the UK Medicines and Healthcare Regulatory Agency (MHRA) and USFDA standards 50 more manufacturing units will set up shortly
- The worth of leading CRO’s from India that pertains to multinational companies is more than US$ 900 million
SAVA Research is one of the leading CRO’s from India. It surpasses in providing quality healthcare services and products with the aid of its global entrenched business that caters to the health care products for human life and animal health, it also manufactures herbal products and extracts to provide optimum wellness to society as a whole. SAVA’s every multi-locational manufacturing facilities are certified by WHO-GMP, USDA and others. SAVA is leading in its CRAM business and contributing largely in the nation’s GDP in its own way.
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