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.
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Write commentsThe foremost player in the field of pharmaceutical trading comprises the range of Active Ingredients, Chemicals & Pharmaceuticals to Domestic and international market.
ReplyIt is committed to provide customers lowest-cost, highest value products and unmatched customer service and are the Importers, Exporters & Manufacturers of Pharmaceuticals and are the best Pharmaceutical Bulk Raw Materials to cater in bulk drugs, chemicals and pharmaceuticals in the domestic and international markets
The leading Pharmaceutical Manufacturer in India focuses on improving existing drugs and is widely involved in new generation antibiotics, generic formulations, liquid orals and dietary supplements.The best Pharmaceutical Drug Research in India activities may range from bulk drug synthesis, analytical methods development and validation, formulation and process development, stability/testing and commercial manufacturing of the finished dosage forms.
ReplyKnown as one of the a Pharmaceutical Manufacturer & Exporter in India who deals in manufacturing and exporting cardiac,diabetic,antibiotic,etc products.It offers products like:Tablets,Injections,Liquid Syrups,Eye Drops etc.It aspires to transform drug development by applying innovative advances in cooperation with molecular biologists pursue most of the research in the field.
ReplyThis move aligns with the broader goal of reducing the import dependency on China, which currently supplies around 80% of bulk drugs (Active Pharmaceutical Ingredients - APIs) and 65% of medical devices to India. By encouraging domestic manufacturing through such initiatives, the government aims to enhance self-sufficiency and strengthen the pharmaceutical sector's contribution to the country's healthcare ecosystem.
ReplyThe establishment of a medical technology park in Vishakhapatnam, Andhra Pradesh, is a noteworthy step, with additional states expressing interest in setting up similar parks. The pharmaceutical contract manufacturing landscape in India is expected to witness positive transformations with these initiatives, fostering a more self-reliant and competitive pharmaceutical industry.
Good information for contract drug manufacturing organization
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