Indian Pharmaceutical Industry

India is among the top 10 pharmaceutical exporting countries with its share of the global market on the rise compared to the previous 5 years.

Advantage India

Cost
Efficiency

* Access to affordable HIV treatment from India is one of the greatest success stories in medicine. India is one of the biggest suppliers of low-cost vaccines in the world. Because of the low price and high quality, Indian medicines are preferred worldwide, thereby rightly making the country the ‘Pharmacy of the World’.

Cost Efficiency

Economic
Drivers

* On December 21, 2020, MoU was signed between Tata Memorial Centre of India and Vietnam National Cancer Hospital to promote exchanges in the areas of training and scientific research, health care services, collaboration in diagnosis and treatment for cancer patients.

* The total market size of the Indian Pharma Industry is expected to reach US$ 130 billion by 2030.

Economic Drivers

policy
Support

* Strengthening of Pharmaceutical Industry (SPI): The Ministry's scheme “Strengthening of Pharmaceutical Industry (SPI)" with a total financial outlay of US$ 60.9 million (Rs. 500 crore) extends support required to existing pharma clusters and MSMEs across the country to improve their productivity, quality and sustainability.

* Pradhan Mantri Bhartiya Jan Aushadhi Kendras (PMBJKs): The Government has set a target to increase the number of PMBJKs to 10,500 by the end of March 2025. Product basket of PMBJP comprises of 1,451 drugs and 240 surgical instruments.

Policy Support

Increasing
Investment

* Up to 100%, FDI has been allowed through automatic route for Greenfield pharmaceuticals projects. For Brownfield pharmaceuticals projects, FDI allowed is up to 74% through automatic route and beyond that through government approval.

* The cumulative FDI equity inflow in the Drugs and Pharmaceuticals industry is US$ 20.96 billion during the period April 2000-September 2022. This constitutes almost 3.35% of the total FDI inflow received across sectors.

* Indian pharma companies have a substantial share in the prescription market in the US and EU. The largest number of FDA-approved plants outside the US is in India.

Increasing Investment
Last updated: May, 2023

Major states for Pharmaceuticals

  • Karnataka
  • Maharashtra
  • Gujarat
  • Uttar Pradesh
  • Delhi NCR
  • Tamil Nadu
  • Telangana

Posters

MORE
Top Pharmaceutical Companies in India

Top Pharmaceutical Companies in India

Indian pharma company have won around 40 per cent of all Abbreviated New Drug Approval (ANDA) from the US Food and Drug Administration (FDA) between january and july 2013.

IBEF Campaigns

MORE
Gulfood Dubai 2023

Gulfood Dubai 2023

APEDA India Pavilion Gulfood February 20th-26th, 2022 | World Trade Centre,...

India Organic Biofach 2022

India Organic Biofach 2022

Ibef Organic Indian Pavilion BIOFACH2022 July 26th-29th, 2022 | Nuremberg, ...

Case Studies

MORE

Sustainable Circular Economy in India

Sustainable Circular Economy in India

A circular economy involves a comprehensive strategy for economic growth that is intended to benefit industry, society, and the environment. It seeks ...

Future of Data Science and AI in India

Future of Data Science and AI in India

Artificial Intelligence (AI) is the potential of machines to impersonate the capabilities of the human mind. These machines are enabling high-level co...

Service Sector Contribution to India's GDP

Service Sector Contribution to India's GDP

India's booming service industry is a remarkable illustration of how modern economic growth models can outperform traditionally established ones. ...

IBEF BLOG

MORE
Foreign Trade Policy: A future-ready initiative
1 Jun 2023

Foreign Trade Policy: A future-ready initiative

Union Minister of Commerce and Industry, Consumer Affairs, Food and Public ...

The Electric Two-Wheelers Vehicle Industry in India
1 Jun 2023

The Electric Two-Wheelers Vehicle Industry in India

The Electric Vehicle (EV) market in India is quickly evolving into a comple...

The Sky’s the Limit: India's Growing Aviation Industry
23 May 2023

The Sky’s the Limit: India's Growing Aviation Industry

The Sky’s the Limit: India's Growing Aviation Industry India is t...

Partners
Loading...