The Indian pharmaceutical industry is earning huge profits by exporting bulk drugs in India and other global locations. The main challenges for manufacturers are security issues and quality problems. This is the reason manufacturers have to use most advanced manufacturing techniques for safe and clean manufacturing of chemicals. India is enjoying a major share in the chemical market since decades but facing the threat from China recently. China has become the number one market today for manufacturing of chemical intermediates and other APIs. This will a create big loss for drugs or chemical manufacturers in the near future and they have to fight with China with advance manufacturing techniques and marketing strategies. There are more than 10,000 Companies of medium or large scale in India that are responsible for drug manufacturing and other APIs worldwide. They are exporting their products worldwide and able to give customized solutions as well. Most of the times, industries demand for customized formulations that can help them in the best way. The formulated solutions assure better product and accelerated business growth. The API manufacturers are export more than fifty percent of the products to various countries as per client needs or requirements. The revenue has also been increased up to 40 percent in the last few decades. This has been made our presence stronger in Pharma industry worldwide. The Indian market has felt stringent growth in the bulk drugs market and it is expected to grow in near future as well. The Indian pharma industry improved at a CAGR of 17.46 % during 2005-16 with the marketplace increasing from US$ 6 billion dollars in 2005 to US$ 36.7 billion dollars in 2016 and is expected to flourish at a CAGR of 15.92 % to US$ 55 billion dollars by 2020. By 2020, Indian is likely to be among the top three drug marketplaces by step-by-step development and 6th biggest market worldwide in overall dimension. India’s expense of manufacturing is considerably less than that of the US and almost 50 percent of that of European countries. It gives a advantage against their competitors to Indian over others. According to researchers and expert manufacturers in India, future of Pharma industry is really bright and it will grow exponentially by 2020. The best part is that bulk drugs can always be availed in custom specifications and best packaging solutions. To know more about the product and to get customized solutions for bulk drugs India, you should contact expert manufacturers or suppliers right away.
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