( ISSN 2277 - 9809 (online) ISSN 2348 - 9359 (Print) ) New DOI : 10.32804/IRJMSH

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EXPORT AND IMPORT OF PHARMACEUTICAL SECTOR IN INDIA

    2 Author(s):  MR. SHAIK. HASSAN AHMED,PROF. K.CHANDRASEKHARA RAO

Vol -  10, Issue- 6 ,         Page(s) : 254 - 265  (2019 ) DOI : https://doi.org/10.32804/IRJMSH

Abstract

India is among the leading global producers of cost-effective generic medicines and vaccines, supplying 20 percent of the total global demand by volume. The country has an established domestic pharmaceutical industry, with a strong network of 3000 drug companies and about 10,500 manufacturing units. Out of these, 1,400 units are World Health Organization (WHO) good manufacturing practice (GMP) approved; 1,105 have Europe’s certificate of suitability (CEPs); more than 950 match therapeutic goods administration (TGA) guidelines; and 584 sites are approved by the US Food and Drug Administration (USFDA). The pharmaceutical industry in India produces a range of bulk drugs, which are the key acting ingredients with medicinal properties that form the basic raw materials for formulations. Most Pharmaceutical companies operating in India, even the multinationals, employ Indians almost exclusively from the lowest ranks to high level management. Homegrown pharmaceuticals, like many other businesses in India, are often a mix of public and private enterprise. This paper aims to know the performance of Indian Pharmaceutical export and import and trade promotions of Indian Pharmaceutical for contribute to development of the country.

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