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India Advantage

India, with its vast pool of talented and highly skilled scientific personnel is an obvious choice for outsourcing of pharmaceutical products and services. Globally, the Indian pharma industry ranks 4th in terms of volume and 13th in terms of value. Indian pharmaceutical industry possesses excellent chemistry and process reengineering skills. This adds to the competitive advantage of the Indian companies. The strength in chemistry helps Indian companies develop processes, which are cost effective.

Cost& Quality Advantage

Indian manufacturers are one of the lowest cost producers of drugs in the world. With a scalable labor force, Indian manufacturers can produce drugs at 40% to 50% of the cost to the rest of the world. In some cases, this cost is as low as 90%. The key to the success of

Indian Pharma is their ability to retain their cost advantage while matching the quality standards of the West. But lower costs are not the only USP. Availability of skilled manpower and a favorable regulatory environment that assures compliance with global norms are the other two legs underpinning success. With a growing skill set and capacity in contract research (from combinatorial chemistry to high throughput screening, assay development and validation to clinical trials) and contract manufacturing, Indian companies are increasingly becoming preferred partners for Western bio-pharmaceutical companies seeking to bring their products to the market in a timely and cost-effective manner. India already boasts of more USFDA GMP approved API facilities than any other nation other than US.

Multi-Billion in $ Value

The exports constitute almost 40% of the total production of pharmaceuticals in India. India’s pharmaceutical exports are to the tune of $3.5bn currently, of which formulations contribute nearly 55% and the rest 45% comes from bulk drugs