The Lucrative Chemicals And Pharmaceuticals Industry

By Author: Shourya Ray Chaudhuri
Total Articles: 17
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Chemicals such as agro, petro, leather paint, rubber etc. and pharmaceuticals are the latest growing business fields in India with a lot of growing expectations as for an example, we know, pharmaceuticals were nothing before 1970 and recently it has become so large that almost 95% of our needs for drugs are fulfilled and they are manufactured in our country itself, making it cheaper for the common people to buy. At the same time, this stands correct for the chemical industry also. It once ran on 100% foreign investment which is now reduced to 49%, so you know that the chemical and pharmaceutical industry is booming with possibilities to bring the change in the economy of India.
 
It is growing industry in India as India has got some especially skilled worker, cost beneficial chemical synthesis for various drugs and chemicals along with democratic setup with solid legal framework to support the inventions and low cost labour and also Indian world class education framework help manufacturers to build up business and also encourage export in these fields. Chemical and pharmaceutical market has increased with the ...
... free trade policies and manufacturers can face the challenge of competition with special bioinformatics techniques in which field India is becoming to create problems for the multinationals.
 
But always the path is not the same as the foreign countries creating objections to bring down the competition in the foreign market questioning about the generic and substandard qualities and also creating problem in transportation of the goods. With backward patient policies India is facing the problem in the chemical and pharmaceutical sector by loosing most of their patents but at the same time it is good that the old patent policies are changing and the government is backing strongly with best legal aids to fight with developed countries over the patent issue.
 
The chemical and pharmaceutical industry is booming with new possibilities as new talented scientists making new inventions to make the life of common people easier but one have to take the care of manufacturing it with low cost so that the common people can use it ,otherwise multinational companies are always knocking at the door to replace the local variety with the effective and cheaper one ,for this we have to bring in new technologies and install low cost automation to bring down the market price but we should not compromise on the quality of the products. Let us hope for the best and at the same time prepare for the worst to make India proud through the chemical and pharmaceutical business field.

Shourya Ray Chaudhuri.
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