According to a study, India is the largest provider of generic drugs. Indeed, the entire industry is highly effective, advanced and has extensive potential. This sector supplies over 50% of global demand for a wide range of vaccines as well as drugs. That is why India has carved its significant niche in the global pharmaceuticals segment.
Safe and effective medicines
India also has a vast pool of talent, and the entire scientist community is dedicated in producing highly safe and effective medicines for people. They consistently innovate and develop new components and molecules in order to combat fatal diseases and make life better. Their approach to product development is focused on improving the overall health of people.
Research and development
Most of the Indian pharmaceutical firms have separate research and development as well as quality control department that make sure that the drugs being manufactured in their facilities are effective as well as safe to consume at the same time. Their ultimate aim is to protect and promote public health. They understand challenges, complexities as well as opportunities in food, medicines, biological products, dietary supplements and nutrition sector. According to a report, countries outside India prefer the pharma manufacturing facilities of India due to several reasons, including –
- Commitment to public health
- Flexible export policy system
- Ideal manufacturing practice regulations
- Supply chain system and continuous monitoring
- Industry inspection and compliance
- Better opportunities and excellent talent
- Practical regulatory framework
- Strategic leadership in product quality and safety
- Advanced and capable machines
Capabilities of Indian pharmaceutical companies
Besides that, Indian pharmaceutical companies are capable enough to produce injectables, ointments, creams, liquids, tablets, sprays, and much more at the most economical rates without compromising quality. These companies maintain high science-based standards of manufacturing and are certified/authorized and licensed, too. That is why neighboring countries like Nepal, Bhutan, Sri Lanka, Bangladesh, etc. rely on Indian pharmaceutical companies.
State-of-the-art manufacturing facilities and advanced laboratories
Most of the Indian pharmaceutical companies are capable of producing generic, pediatric and gynecology medicines. They have specialized and approved state-of-the-art manufacturing facilities that ensure that they manufacture and deliver the best products to both national and international markets.
They also ensure that their drugs (prescription drugs and non-prescription (over-the-counter) drugs) are efficient enough to treat and/or prevent a wide range of diseases. Their manufacturing facilities allow them to have a vast portfolio of medicines and other formulations. In this way, they assist healthcare professionals as well as patients across the globe.
In a nutshell, the role of Indian pharmaceutical companies goes beyond providing the safest drugs for fatal diseases.