Career in Pharmaceutical Technology

By

Dr. Guru Prasad Mohanta

The Indian pharmaceutical companies continue expanding their base despite the slow down. The pharmaceutical industries in India seem to be more stable compared to other industries and they would continue with their impressive performance.

According to available figures the size of the Indian Pharmaceutical industries is poised to grow from Rs. 30,200 crore in 2007 to Rs. 33,500 crore in 2008 and further to Rs. 140, 000 crore in 2020. India is known as pharmacy of the whole world especially to third world countries. The country exports pharmaceuticals to more than 200 countries including USA, Russia, Germany, United Kingdom and Brazil. India is the leading supplier of AIDS drugs to the world. Pharmaceutical exports (valued in US dollar terms) registered an impressive growth rate at 30.7 % terms during April – October 2008 compared to corresponding period in the previous year. This growth further increases to 38.5 % when valued in rupees terms. Not withstanding the fears of a global recession, pharma exports are expected to grow by 25.2 % in 2008-2009. The Department of Pharmaceuticals estimated to have creation of 5 lakh new jobs within next four years involving investment of Rs. 5,000-10,000 crore through public – private partnership model.

Drug approvals given to Indian pharmaceutical firms were 30% of total generic approvals given by USA Drug Regulatory Authority (USFDA) in 2008 while the share was 26.5 % in 2007. The trend is likely to continue as Indian companied account for 35 % of all Abbreviated New Drug Application (ANDA) approvals given by USFDA in first two months of 2009. ANDA is an application for a generic drug approval for an existing licensed medication or an approved drug. With over US dollar worth 47 billion drugs are expected to go off patent by 2011, promising further growth in generic medicine market.

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