Tuesday, November 10, 2015

India to be in Top-3 pharma manufacturing countries by 2020

  • In accordance with the TechSci Research Report by Assocham India is anticipated as the top three pharmaceutical manufacturing countries with revenue of $55 billion by 2020.
  • Report was released at the Assocham and Department of Pharmaceuticals, Ministry of Chemicals and Fertilisers conference on intellectual property rights (IPR) in pharmaceuticals in Ahmedabad
  • Government already has approved setting up of six new pharmaceutical parks with outlay of $26.9 million as a part of support given to SMEs in pharmaceutical manufacturing through Cluster Development Programme for Pharma Sector (CDP-PS).

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