insightssuccess

  The pharmaceutical industry of India is one of the most prominent global producers of cost-effective generic medicines and vaccines. It plays an important part by supplying for 20% of the total global demand by volume and 62% of the global demand for vaccines. It is expected that the country will efficiently fulfill the global demand for covid-19 vaccines, especially in low-income and middle-income countries. In terms of pharmaceutical production by volume and by value, India bags the third and fourteenth ranks, respectively. The domestic pharmaceutical industry of the country is sturdy, as it has a strong network of 3,000 drug companies and around 10,500 manufacturing units. Out of these, more than 2000 units are approved by the World Health Organization (WHO) good manufacturing practice (gmp); 253 are approved by the European Directorate of Quality Medicines (EDQM); 1,105 have received Europe’s Certificate of Suitability (CEPs); more than 950 match therapeutic goods administrat...