India's Pharmaceutical Industry is leading manufacturers and is becoming global players, utilizing both organic growths, through the gradual development of their business. Currently, it represents just U.S. $6 billion of the $550 billion global pharmaceutical industry but its share is increasing at 10 percent a year, compared to 7 percent annual growth for the world market overall. Also, while the Indian sector represents just 8 percent of the global industry total by volume, putting it in fourth place worldwide, it accounts for 13 percent by value, and its drug exports have been growing 30 percent annually.
Major Pharmaceutical Company in India
1. Indian Drugs and Pharmaceuticals Ltd (IDPL) is a major pharmaceutical company in the country. Its plants are at Rishikesh (Uttarakhand), Hyderabad (Telangana), Gurgaon (Haryana), Chennai (Tamil Nadu), Muzaffarpur (Bihar).
2. Hindustan Antibiotics Ltd (HAL) was set up at Pimpri (Pune). Here penicillin, streptomycin etc are produced.
3. Bengal Chemicals and Pharmaceuticals Ltd. (BCPL) was set up in 1981. Its units are at Maniktala (West Bengal), Panihati (West Bengal), Mumbai and Kanpur.
4. Hindustan Organic Chemicals Ltd (HOel), Rasayani (Maharashtra)-Besides medicines, bio-chemicals for the dye
stuffs and the plastic industry are produced here.
5. The units of 'Hindustan Insecticides' are in New Delhi (production of DDT) and Alwaye (production of BHC).
6. National Institute of Pharmaceuticals Education and Research’ (NIPER) was set up in Mohali (Chandigarh) for research and training in the field of pharmaceuticals.
7. Hindustan Organic Chemicals Ltd (HOCl) is in Rasayani (Maharashtra). In Kochi, phenol is produced which has plants of this company.
The “organized” sector of India's pharmaceutical industry consists of 250 to 300 companies, which account for 70 percent of products on the market, with the top 10 firms representing 30 percent. However, the total sector is estimated at nearly 20,000 businesses, some of which are extremely small. Approximately 75 percent of India's demand for medicines is met by local manufacturing.
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