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…
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,…
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…
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…
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…