India is the third largest producer of pharmaceuticals in the world. Every other pill taken by people around the world is manufactured by the Indian pharmaceutical industry, explains the National Chairman of Indian Pharmaceutical Association (IPA) TV Narayana.
Sharing the stats at his Summit on Global Tech, he proudly said that half of his vaccines administered are manufactured in India and that 40% of his generic drugs are sourced from India. said.
After setbacks in the pharmaceutical sector, Narayana said weather conditions affect the production of active pharmaceutical ingredients. “Vishakapatnam’s humid climate makes it difficult to achieve large-scale pharmaceutical manufacturing,” he said. But with the right technology applied, this too could be solved,” he suggests. China's dominance, price restrictions, and other aspects in the bulk drug supply chain are impacting the domestic bulk drug manufacturing sector, said the IPA's national representative.
Global Tech Summit
Posted on: Mar 16, 2023
