Bulk Drugs parks will help to increase the manufacturing of bulk drugs in India - Pharmaceutical Drugs Manufacturers and Exporters

India is a leading manufacturers and exporter's country of pharmaceutical drugs and other API products in globally. The yearly manufactures of pharmaceutical products is around 2 lakh crore and around 55% use dispatching in more than 200 developed and developing countries in the world. Pharmaceutical bulk drug manufacturers company plays a key role in managing human healthy life in each country at affordable rates.

Pharmaceutical industries have used bulk drugs as a raw materials and 75%-80% of bulk drugs are imported from China. The bulk drugs import from the country was standing at $2.11 billion dollars in 2013-14. Imports from Chinese suppliers were worth $1.74 billion dollars during April-December 2015.

Indian pharmaceutical bulk drug manufacturers industries are reliant on imports from Chinese suppliers for the production of 12 essential medications, such as amoxicillin and paracetamol.

Government of India is now working to set up bulk drugs parks and medical devices parks to make Indian medical devices and medicines more affordable. The Indian government has decided to set us six bulk drugs and medical devices parks and around investment Rs 60,000 crore to develop the bulk drugs and medical devices park in the country. India is imports 80 % of bulk drugs / API and 65 % of medical devices from china and other countries. So, Indian government has decided to reduce it by domestic manufacturing services.

The government is talking with many Indian states to set up the bulk drugs parks and these bulk drugs and medical devices park are set up on PPP mode and there are some common facilities are provided by those parks such as effluent treatment plants, power and testing.

The Indian government has been investing Rs 1,200 crore and set up the first large medical technology park in Vishakhapatnam, Andhra Pradesh, India. Four more Indian states have shown interesting in establishing up parks.