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India an Emerging Pharmaceutical Export Hub, Says RNCOS

Published in Medical Letter on the CDC and FDA, September 14th, 2008

India has emerged as one of the world's most potential destinations for pharmaceutical exports, with the country exporting drugs worth US$ 7.2 Billion in 2007-08, according to a new research report, "Booming Pharma Sector in India", by RNCOS.

The research says that the Indian pharmaceutical companies hold a very strong competitive advantage in drug manufacturing over their western counterparts in terms of cost of production and reverse engineering skills. The cost of manufacturing both bulk drugs as well as formulations in India is around 10%-20% of the cost it takes in the west. Moreover, many Indian manufacturers have upgraded their manufacturing plants, enabling...

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