India Business Guide
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Pharmaceutical Companies in India
Pharmaceutical Companies in India: Since the 1970 Patent Act that allowed India to serious access and participate in the global pharmaceutical market, India’s growing pharmaceutical industry has emerged as the world leader in the production of the generic drugs that dominate the industry. India is an excellent nation for pharmaceutical manufacturing, as costs for research and development as well as production are low. The manpower and technological capabilities of Indian pharmaceutical companies keep the industry moving forward on a global scale, and within India, the industry is estimated to be worth about $3.1 billion (USD).
In fact, the Indian government has labeled the country’s pharmaceutical sector as an intellectual industry. This has encouraged and motivated the already excellent research and innovative science behind the scenes in India’s pharmaceutical companies. Today, mostly small and mid-sized companies make up the majority of India’s pharmaceutical market, with over two hundred of the largest companies controlling almost three quarters of India’s market. India exports more than half of the bulk drugs produced within the country, with the largest importers being the United States and Russia.
In general, the Indian pharmaceutical industry has set its sights on the discovery of new molecules, and has poured money into the research and development sectors in a cooperative effort to escape the inevitable negative effects of new patent laws. With federal aid in the form of research- and development-related tax deductions, lower export financing interest rates, and price control changes. However, India’s well-developed IT industry can provide additional aid to the pharmaceutical companies, which will most certainly result in advancements in new molecule discovery.
- Aurobindo Pharma
- Bengal Chemicals and Pharmaceutical Works
- Cadila Healthcare
- Dr. Reddy’s Laboratories
- Glenmark Pharmaceuticals Ltd.
- Lupin Laborotories
- RPG Life Sciences
- Sun Pharmaceuticals
- Zandu Pharmaceuticals Ltd.
This section contains several short lists of Indian Companies in some select industries. Please Contact Us if you would like expert help when selecting, approaching, and working with these, or any other, company in India.