How many pharmaceutical industry are there in Gujarat?
The numbers speak for themselves: Gujarat today gathers together over 4,000 manufacturing licensees and industry heavyweights such as Torrent Pharmaceuticals, Zydus Cadila, Intas, and Dishman are headquartered in the state.
Which state pharma hub in India?
Hyderabad – The Pharma Hub of India The Pharma industry and exports from here are expected to grow at 20 per cent annually. The Telangana and Andhra Pradesh has over 2500 Pharma companies and is home to few of the top pharma companies Viz.
Which state has highest number of pharmaceutical companies?
Telangana and Andhra Pradesh, both of which are central-south states, have the most pharma CMO manufacturing of all Indian states.
Is Gujarat set to increase its share in India’s pharmaceutical production?
Gujarat is set to increase its share in India’s pharmaceutical production once these plants go on stream. “At present, Gujarat has share is 31%-32% in India’s Rs 2 lakh crore plus pharma market. The share is expected to rise 40-42% over the next five years,” added Koshia.
Which companies in India are planning to invest in pharmaceuticals?
While Gujarat based MNC Alembic which is one of the oldest companies has also proposed an investment of Rs. 300 crore as part of expansion plan, US based Amneal Pharmaceutical Pvt Ltd has proposed an investment of Rs. 300 crore. Ahmedabad based CRRI Holding Inc which is into regenerative medicine has proposed an investment of Rs. 3,500 crore.
How many pharmaceutical companies have signed 273 MoUs in Gujarat?
The 273 MoUs signed represent 74 bulk drug companies, 187 formulation companies and 12 public testing labs besides 102 plants which are under construction. In total, Gujarat based companies have proposed big ticket investments worth Rs. 8,223 crore through 273 MoUs.
What is the impact of GST on the pharma industry?
For pharma industry, GST has significantly narrowed the manufacturing cost difference between regions that offer incentives and states like Gujarat.