India is the world's top supplier of generic drugs. The Indian pharmaceutical industry supplies more than half of world demand for vaccines, 40% of generic demand in the United States, and 25% of all pharmaceuticals in the United Kingdom. India is the world's third-largest producer of pharmaceuticals by volume and the fourteenth-largest producer by value. A network of 3,000 drug companies and 10,500 manufacturing units makes up the domestic pharmaceutical sector.
India is a major player in the global pharmaceutical sector. Furthermore, the country has a large pool of scientists and engineers with the ability to boost the industry to new heights. Indian pharmaceutical companies currently supply over 80% of the antiretroviral medications needed to combat AIDS (Acquired Immune Deficiency Syndrome) around the world.
The domestic market is slated to rise thrice in the next decade, according to the Indian Economic Survey 2021. In 2021, India's domestic pharmaceutical market is expected to be worth US$ 42 billion, rising to US$ 65 billion by 2024 and US$ 120-130 billion by 2030.
Biopharmaceuticals, bio-services, bio-agriculture, bio industry and bioinformatics are all part of India's biotechnology industry. In 2019, the Indian biotechnology sector was worth US$ 64 billion, and by 2025, it is predicted to be worth US$ 150 billion.
In FY21, India's medicine and pharmaceutical exports totaled US$ 17.57 billion (From December 2020 to April 2021).
The following are some of the government's initiatives to encourage India's pharmaceutical industry:
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The Drugs and Cosmetics Act of 1940 and its Rules of 1945 handed diverse tasks for drug and cosmetic regulation to central and state regulators. It aims to ensure uniform application of the Act's and Rules' provisions in order to protect patients' safety, rights, and well-being by regulating pharmaceuticals and cosmetics. The Central Drugs Standard Control Organization (CDSCO) is responsible for approving new drugs, conducting clinical trials, establishing drug standards, monitoring the quality of drugs imported into the country, and coordinating the activities of State Drug Control Organizations by providing expert advice in order to achieve uniformity in the enforcement of the Drugs and Cosmetics Act.
Every business entity has the responsibility to get pollution certificate/NOC from concerned State Pollution Control Board (SPCB)/Pollution Control Committee (PCC). The following certificate comes under the purview of Pollution board in respect of above processing unit.
1. Consent to Establish- Every occupier needs to obtain Consent to Establish (CTE) for establishment of unit from concerned State Pollution Control Board (SPCB)/Pollution Control Committee (PCC). Medicines and pharmaceuticals formulations come under orange category as per standard pollution index.
2. Consent to Operate- Before operating the unit, each occupant must get a Consent to Operate (CTO) certificate. It is provided by the authority for a period ranging from one to ten years, depending on the location and category.
3. Hazardous waste Authorization - Manufacturing of Medicines and pharmaceutical formulations generate hazardous waste, as per Schedule I of Hazardous Waste Management, Rules 2016. The applicant is required to apply for Hazardous waste Authorization to the Pollution Control Board and explain the steps taken to reduce or dispose of these chemicals in an environmentally sound manner.
If the occupier is using ground water for his/her unit than, before harvesting ground water, every business enterprise must obtain approval from the Central Ground Water Authority or the State Ground Water Regulatory Authority. The Indian Parliament passed the Environment (Protection) Act, 1986, to control, monitor, and manage pollution, as well as to protect the environment in the Union Territory of India. Under Section 3 (3) of the Environment (Protection) Act, 1986, the Central Ground Water Authority was founded with the purpose of developing and maintaining all of India's water resources for future generations.
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