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Newspaper Sees India Pharmas Set For Rapid Expansion

This article was originally published in PharmAsia News

Executive Summary

Thanks in part to a public policy promoting the pharmaceutical industry in India, drug makers can look forward to a rapid expansion on top of the constant growth the industry already enjoys. India numbers about 325 large and medium-size companies, about 50 of them multinationals, and 11,000 smaller firms. The industry as a whole has been experiencing a growth rate of 9 percent a year in India. Particularly in Gujarat, government encouragement for the industry dates back to the 1960s and 1970s, the newspaper Economic Times reports. (Click here for more
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