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PHARMACEUTICAL INDUSTRY


The drugs and pharmaceutical industry has made a phenomenal progress in India during the last four decades. The country now ranks 3rd in terms of volume of production (10% of global share) and 14th largest by value. Indian exports are destined to various countries around the globe including USA, Europe, Japan and Australia (2011-12). There are live Central Public Sector Undertakings and five joint Sector Undertakings in the pharmaceutical Industry Sector under the administrative control of the Department of Chemicals and Petrochemicals. Besides, there are two wholly-owned subsidiaries. A brief profile of these organisations is given in the following paragraphs.