Maharashtra: A Major Player in the Indian Pharma Industry
Maharashtra: A Major Player in the Indian Pharma Industry India is the 3 rd largest pharma industry in the world in terms of volume and 14 th largest in terms of value. The Indian pharmaceutical industry accounts for 3.5% of global medicine and drug exports. India is the largest provider of generic drugs in the world, and is known as the ‘Pharmacy of the World’. India is one of the major players in the global pharmaceutical industry, contributing to the global healthcare by providing low cost and high quality medicines to the world. India exports pharma products to more than 200 countries in the world including the USA, the UK, Japan, Australia, EU countries, etc. India supplies over 62% of global vaccines in the world. India is home to a large number of US FDA compliant pharma manufacturing units outside the USA. The cost of pharma manufacturing in India is approximately 33% lower than the cost in the USA. 100% FDA is the pharma industry under automatic route for the greenf