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Market facts
Pharmaceuticals
- Annual turnover, €800 Mn (INR 45,000 Mn)
- Industry currently growing at 12 –15%
- Total no. of manufacturers: 20,000
- Indian API manufacturing industry is the third largest in the world and is expected to touch sales of €380 Mn by 2010.Indian API market growing at 20%
Industry growth drivers
- R & D initiatives and contract manufacturing
- Research has translated to product development
- Demand for exports
- The increasing presence in high-value markets like the USA and Europe has strongly boosted the overall growth of the Indian pharmaceutical industry
- Increasing outsourced activities
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