Wednesday, July 15, 2009

India - 4th largest producer of drugs.

India is at present 4th largest producer of drugs in the world volume wise. Thus India is poised to be the Pharmacy of the World in the near future. At present India is manufacturing drugs worth Rs.85,000 crores of which drugs worth Rs.35,000 crores are exported. India has 119 USFDA approved manufacturing sites in the country.

Shri Debasish Panda, Joint Secretary of Drugs Consultative Committee, stated at the 40th Meeting of the Drugs Consultative Committee held on 29th June, 2009