Indian Pharma Industry

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  • Topic: Generic drug, Dr. Reddy's Laboratories, Ranbaxy Laboratories
  • Pages : 20 (6011 words )
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  • Published : September 11, 2010
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Management 360-Term Paper

Submitted to:
Mr. Arvind Gandhi
Submitted By:
1. C.V.V.Veda Vyas (10207)
2. K.Chaitanya (10208)
3. Siva.Chebrolu (10209)
4. K.Deepak (10210)
5. Dibya Ranjan.B (10211)
6. Reena Julie (10212)
Vignana Jyothi Institute of Management mmmMmmManagement
Management 360-Term Paper

Indian Pharma Industry and Corporate Social Responsibility

Contents:
Introduction:4
Industry Trends:4
Challenges:4
Government Initiatives:5
Pharma Export:5
Corporate Social Responsibility-Meaning:5
Key Players in Indian Pharmaceutical Industry:6
Ranbaxy Laboratories Limited:6
Introduction:6
Mission and Vision:7
Opportunities:8
Ranbaxy’s Corporate Social Responsibilities:8
Community Health Care:8
Environment:9
Dr. Reddy's Laboratories:10
Company Profile10
Chronology10
Dr.Reddy’s Corporate Social Responsibility Activities11
Corn’bytes (Sweet Corn Vending):11
Livelihoods - Agro based Livelihood Initiatives:12
Naandi foundation:12
The Power of 10™:12
Rashtra Chenetha Jana Samakhya:13
Residential Bridge Courses:13
Life at your Doorstep:13
Cipla Pharmaceutical Company13
Company profile:13
History:14
Major Achievements of Cipla:14
CSR activities of Cipla15
. Cipla Palliative Care Centre15
Home Visits:15
Nicholas Piramal India Ltd.16
Company Profile:16
Major Awards and Achievements:16
Core Values:17
CSR activities of Nicholas Piramal India Ltd.17
Helpyourbody:17
GDL-Piramal Foundation:17
Glaxo Smithkline (GSK)18
Company Profile:18
Recent Developments:18
CSR activities of Glaxo Smithkline (GSK)19
CSR in India:19
Their core value:20
What they do:20
Future Scenario21
Recommendations22
Bibliography22

Introduction:
The pharmaceutical industry in India is among the most highly organized sectors. This industry plays an important role in promoting and sustaining development in the field of global medicine. Due to the presence of low cost manufacturing facilities, educated and skilled manpower and cheap labor force among others, the industry is set to scale new heights in the fields of production, development, manufacturing and research. In 2008, the domestic pharma market in India was expected to be US$ 10.76 billion and this is likely to increase at a compound annual growth rate of 9.9 per cent until 2010 and subsequently at 9.5 per cent till the year 2015. Industry Trends:

* The pharma industry generally grows at about 1.5-1.6 times the Gross Domestic Product growth * Globally, India ranks third in terms of manufacturing pharma products by volume * The Indian pharmaceutical industry is expected to grow at a rate of 9.9 % till 2010 and after that 9.5 % till 2015 * In 2007-08, India exported drugs worth US$7.2 billion in to the US and Europe followed by Central and Eastern Europe, Africa and Latin America * The Indian vaccine market which was worth US$665 million in 2007-08 is growing at a rate of more than 20% * The retail pharmaceutical market in India is expected to cross US$ 12-13 billion by 2012 * The Indian drug and pharmaceuticals segment received foreign direct investment to the tune of US$ 1.43 billion from April 2000 to December 2008 Challenges:

Every industry has its own sets of advantages and disadvantages under which they have to work; the pharmaceutical industry is no exception to this. Some of the challenges the industry faces are: * Regulatory obstacles

* Lack of proper infrastructure
* Lack of qualified professionals
* Expensive research equipments
* Lack of academic collaboration
* Underdeveloped molecular discovery program
Government Initiatives:
The government of India has undertaken several including policy initiatives and tax breaks for the growth of the pharmaceutical business in India. Some of the measures adopted are: * Pharmaceutical units are eligible for weighted tax...
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