Tag: Pharmaceutical industry

The business world and societal norms are transforming rapidly, triggered by the demands of the modern world. The pharmaceutical manufacturing industry is one such industry that has undergone a major reformation with new concepts. Market Size and Overview of the Pharmaceutical Industry in India The Indian pharmaceutical manufacturing industry is currently the 3rd largest in […]

Contract manufacturing has been gaining traction over the past few years. A lot of companies in the world are opting for contract manufacturing to capitalize on its advantages. Contract manufacturing is a go-to option for companies across industries, such as aerospace & defence, automobile, energy, food processing, packaging, pharma, FMCG, etc. While almost every industry […]

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API refers to active pharma ingredient present in medicine which produces the intended effects. A medicine can have single or multiple APIs. Generally, the name and amount of API present in the medicine are written on the package of the OTC drugs. Read: Best Manufacturing Business Ideas in 2021 Often APIs are confused with raw materials […]

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Key Facts: The chemical sector has been the 3rd largest contributor to GDP amongst manufacturing industries in India in recent years. 200% weighted average reduction of tax from the Income-tax department for both capital and revenue expenditure incurred on scientific R&D Currently, the industry is employing more than 2Mn people There is a high demand […]

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India is known to be the sixth-largest producer of Chemicals in the world and third largest in Asia and is also a key constituent of the Indian economy, accounting for about 2.11% of GDP. India has exported 10.3% of chemicals in the year 2016-17 in total. The most lucrative chemical that is manufactured and exported […]

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