[pic]
[pic]
CHAPTER 1: INTRODUCTION
The Indian Pharmaceutical Industry is capable to meet the country’s demand for every drug. The manufacturing units within the country are meeting about 80% of the country’s drug requirements. The drug production sector is equipped with technology and researched knowledge base. The industry produces drugs worth Rs.18000 crores and is growing at 9% every year. It offers quality products with internationally accepted quality standards. There are about 20,000 production units in India with products sold at competitive lower prices than international drug prices.
India has various competitive advantages in Pharma production over western world. It has a large pool of educated manpower with technical and managerial skills.
It has a well-developed research and development base equipped with advanced technology. Low cost of research over the western countries gives India a potential advantage for future developments. The country has an open market policy where foreign capital investment is permitted. Restriction on capital investments has been removed in the recent years with a view to make new investments profitable. Also, the country has a strong legal framework, an essential for pharmaceutical industry. The most promising fact about India is a 70 million middle class population with good consumption power.
India has various competitive advantages in Pharma production over western world. It has a large pool of educated manpower with technical and managerial skills.
It has a well-developed research and development base equipped with advanced technology. Low cost of research over the western countries give India a potential advantage for future developments. The country has an open market policy where foreign capital investment is permitted. Restriction on capital investment has been removed in the recent years with a view to make new investments profitable. Also, the country has a strong legal framework, an essential for... [continues]
[pic]
CHAPTER 1: INTRODUCTION
The Indian Pharmaceutical Industry is capable to meet the country’s demand for every drug. The manufacturing units within the country are meeting about 80% of the country’s drug requirements. The drug production sector is equipped with technology and researched knowledge base. The industry produces drugs worth Rs.18000 crores and is growing at 9% every year. It offers quality products with internationally accepted quality standards. There are about 20,000 production units in India with products sold at competitive lower prices than international drug prices.
India has various competitive advantages in Pharma production over western world. It has a large pool of educated manpower with technical and managerial skills.
It has a well-developed research and development base equipped with advanced technology. Low cost of research over the western countries gives India a potential advantage for future developments. The country has an open market policy where foreign capital investment is permitted. Restriction on capital investments has been removed in the recent years with a view to make new investments profitable. Also, the country has a strong legal framework, an essential for pharmaceutical industry. The most promising fact about India is a 70 million middle class population with good consumption power.
India has various competitive advantages in Pharma production over western world. It has a large pool of educated manpower with technical and managerial skills.
It has a well-developed research and development base equipped with advanced technology. Low cost of research over the western countries give India a potential advantage for future developments. The country has an open market policy where foreign capital investment is permitted. Restriction on capital investment has been removed in the recent years with a view to make new investments profitable. Also, the country has a strong legal framework, an essential for... [continues]
Cite This Essay
- APA
-
(2011, 01). A Report Cipla Pharmaceuticals. StudyMode.com. Retrieved 01, 2011, from http://www.studymode.com/essays/A-Report-Cipla-Pharmaceuticals-558781.html
- MLA
-
"A Report Cipla Pharmaceuticals" StudyMode.com. 01 2011. 01 2011 <http://www.studymode.com/essays/A-Report-Cipla-Pharmaceuticals-558781.html>.
- CHICAGO
-
"A Report Cipla Pharmaceuticals." StudyMode.com. 01, 2011. Accessed 01, 2011. http://www.studymode.com/essays/A-Report-Cipla-Pharmaceuticals-558781.html.
