The Indian pharmaceutical industry
PHARMACEUTICAL INDUSTRY IN INDIA
It is interesting to see how the pharmaceutical industry world-wide rises where the finances are better. How people in different countries draw against the financial pressure to sell drugs is hopefully on every continent differently. The Indian pharmaceutical industry has become the third largest producer in the world and is poised to grow into an industry of $ 20 billion in 2015 from the current turnover of $ 12 billion, gave President Pratibha Patil on Sunday. Patil also praised the role of the Indian pharmaceutical companies in reducing the cost of treatment for various diseases worldwide. This he did at the 71th Congress of the International Pharmaceutical Federation (FIP) for the first time in India was held. “Indian pharmaceutical companies have an extensive presence in many parts of the world and of our pharmaceutical products are known to be of good quality, safe and active. Indian generic drugs have helped to reduce costs of the treatment of various diseases worldwide, including HIV / AIDS, “she said. They urged that the Indian pharmaceutical industry should focus on research and development to new diseases, the President said that India has the potential to be a global player to be reckoned with in pharmaceutical research.