Productivity Ramps Up With Indian Pharmaceutical Cluster
Introduction
The Indian Pharma Inc. ranks 5 in the pharma sector globally. The ranking is in terms of volume of production. This ranking and establishment accounts for 10% of global production and gives India recognition worldwide in the pharmaceutical sector. Considering the depth of the pharma industry in India, the turnover itself speaks of large numbers.
During the 1980s what started as US $ 0.3 Million industry now proudly stands at a turnover of US $ 65 Billion.
Considering the huge capital and turnover of the industry and according to the Department of Pharmaceuticals, the Indian pharmaceutical industry employs about 340,000 people and an estimated 400,000 doctors and 300,000 chemists.
Industry structure
The Indian pharmaceutical industry is fragmented with thousands of manufac...
