GROWTH OF PHARMACEUTICAL COMPANIES IN INDIA

IN INDIA pharmaceutical companies are one of the important factor for the immense growth of GDP.For the past few years INDIAN Pharmaceutical companies doing well.Research and Devolpment , Clinical trials, Inventions of new Vaccines are the strength of INDIAN pharma companies.Multinational corporations and outsourcing are the other important reason for the growth. Like this if it is going means there would have nice future.INDIA is holding 4th rank in global pharmaceutical sales.Growth rate of the pharmaceutical companies inINDIA are 13%.Pharma companies in INDIA produces around 20-24% of global generic drugs. The INDIAN pharma industries are nealy 300 differant companies including small sacled ,medium scaled and large scaled players.As per the current rate INDIAN pharma company is expected to be a US$ 20 billion industry by the year 2015. INDIA is also expecting in next year that the major ten players in pharma conpanies globaly are indian companies.In INDIA there were many multinational pharma companies,it become easier to attract foreign investment.The main reason for the growth of pharma industry in india is low cost and international standard quality.The multinational companies are investing money in research and devolpment in india may save upto 30% to 50% of the expenses incurred.The cost for the chemist ,manufacturingg process, cost of clinical trials in INDIA are very less compare to US and other ddevolped countries.

These are the important players in pharma field in india

1. RANBAXY LABORATORIES
2. DR:REDDY'S LABORATORIES
3. CIPLA
4. NICHOLAS PIRAMAL
5. AUROBINDO PHARMA
6. GLAXO SMITHKLINE
7. LUPIN LABORATORIES
8. SUN PHARMACEUTICALS
9. CADILA HEALTHCARE
10. WOCKHARDT