Published on June 29, 2015
India has achieved a prominent global position in pharma sector. Pharma industry plays an exclusive role in developing new medicines and vaccines to prevent diseases and improves the lives of patient. Currently there are around 10,500 manufacturing unit and 3000 pharma companies in India. India is one of the leading exporters to US, France, Germany and UK. The country is focusing on inclusion of other drugs in its list and extends its market to the other developing nation as well.
As per ‘Pharma vision 2020’, the Government of India expected at building more hospital, improving the quality of pharmaceuticals and improving the quality of medical training. The Government of India is also announced to set up healthy healthcare and delivery mechanism.
As per the report, India’s pharma sales are expected to reach US$ 27 billion by 2016. The projected human resource requirement in the Indian Pharma Sector is anticipated to be about 21,50,000 by 2020. Since pharma sector grows tremendously in upcoming year.
