Indian Pharmaceutical Companies

There are more than 20,000 registered Indian Pharmaceutical Companies in the Indian pharmaceutical sector. The top 250 Indian Pharmaceutical Companies have taken up 70% of the pharmaceutical market. The top Indian pharmaceutical company owns as much as 7% of the shares in the Indian pharmaceutical industry.

The intense competition for prices coupled with the governmental restrictions on the prices has made the Indian pharmaceutical industry a broken up one. During the previous 20 years the number of companies has gone up at an astounding rate.

The pharmaceutical companies in India satisfy as much as 70% of the demand of the following pharmaceutical categories:

Injectibles

Bulk Drugs

Pharmaceutical Formations

Drug Intermediaries

Tablets

Chemicals

Orals

Capsules

Following are the different kinds of units in the Indian pharmaceutical industry and their numbers:

Large Units – 250

Central Public Sector Units – 5

Small Scale Units - 8000

The Indian pharmaceutical companies develop each and every conceivable kind of pharmaceutical formulations which are supposed to be consumed by patients. They also make 350 bulk drugs which are used to make medicines by virtue of their medicinal value.

At present the Indian pharmaceutical companies are able to make any drug that is agreed to by the Drug Control Authority. The manufacturers have been afforded this freedom since the provision of licenses were omitted by the relevant authorities.

The Indian pharmaceutical companies operate independently. They have efficient technological infrastructure that help them meet the pharmaceutical demands of the country. Following are some of the positives of the Indian pharmaceutical companies:

• Lower Costs of Production
• Groundbreaking and Modern Manpower
• Lower Costs of Research and Development
• Support of the Indian Laboratories
• Gradually Strengthening Balance of Trade

Following are some other factors that could help in the development of the Indian pharmaceutical industry:

• Efficient Workforce
• Legal and Financial Systems
• Inexpensive Chemical Synthesis
• Globalisation
• Information and Technology
• Consolidation

The present turnover of the Indian pharmaceutical industry is $3.1 billion. The industry is developing at a rate of 14% annually. Among the pharmaceutical industries of similarly developing nations the Indian pharmaceutical industry occupies a significant position.

Amongst the top Indian pharmaceutical companies of India are:

• Dr.Reddy's Laboratories Ltd.
• Cipla
• Emcure Pharma
• Ranbaxy