Performance of pharmacueitcal industry

Posted AtPib.nic.in

The Confederation of Indian Industry (CII) has made some projections for the performance of pharmaceutical industry for years ahead through reports/studies such as India Brand Equity Foundation (IBEF) report and CII – KPMG Consultations study on Vision for Pharmaceuticals.

As per the report of IBEF, the pharmaceutical sector is expected to attain a size of US $ 25 billion by 2010 and Indian Companies can potentially corner almost a third of the global generics market by 2007.

Similarly, as per the CII-KPMG Consultants study, Indian domestic market is expected to grow from US $ 6 billion at present to US $ 9 billion by 2010 and Indian generic drug makers are expected to have 38 % share in global generics market by 2007 compared to 4 % at present.

This information was given by the Minister of Chemicals & Fertilizers and Steel, Shri Ram Vilas Paswan in a written reply to a question in the Lok Sabha .

December 12, 2005