Exploring The World Of Pharmaceutical Companies In India
Exploring the world of pharmaceutical companies in India reveals a dynamic and complex industry that plays a crucial role not only in the nation's economy but also in global healthcare. With a unique blend of innovation, affordability, and a robust regulatory framework, India's pharmaceutical sector has emerged as a global powerhouse. This blog will delve into the various facets of the industry, highlighting its growth, challenges, and future potential Pharmaceutical Manufacturing . 1. A Brief History of the Indian Pharmaceutical Industry India's pharmaceutical industry has a rich history, dating back to the early 20th century. Initially, the sector was dominated by multinational corporations, but post-independence, the government took significant steps to promote domestic production. The Patents Act of 1970 was a turning point, allowing Indian companies to produce generic drugs without infringing on patents, leading to the rapid growth of domestic pharma companies. 2. T...