The pharma industry is going through a rough patch even after the economic recession has ended and the global economy is improving. This is due to the increasing cost of production of pharma products, which is causing a dip in the overall profitability of the pharma companies.
Thus, the companies are looking at potential locations for outsourcing their manufacturing process, India being the most preferred one. India is not only a cost effective option, but also a convenient location for marketing and transportation of pharma products. Hence, the contract manufacturing industry in India is expected to grow at a magnificent CAGR of over 45% during 2011-2013, as per our latest research offering, “Indian Contract Manufacturing - A Hot Opportunity”.
One of the major reasons for the prominence of India in the contract manufacturing market is its ready-to-go infrastructure and related requirements. Not only are the manufacturing units in India quality certified, there is a huge supply of trained manpower to cope up with the production demands as well. The contract manufacturing industry in India, however, is dominated by certain states, which have better resources compared to the other states. These states are the developed ones and have a lot of scope for foreign and domestic companies looking to establish their production units in India. Additionally, there are new upcoming states as well, which are providing a friendly environment for contract manufacturing industry.
Our report “Indian Contract Manufacturing - A Hot Opportunity” provides a detail overview of the developed and developing states in India, with their current infrastructure and prevailing regulatory environment. The report also covers various market drivers and issues being faced by the contract manufacturing industry, which will provide a comprehensive outlook of the industry scenario.
The report also covers the prudent analysis of the latest developments and driving regulatory factors of the industry. Besides current market scenario, forecasts presented in the report provide a clear picture of the industry’s future. The report would help clients in enhancing their understanding regarding the industry and thereby, formulating strategies to help their business growth.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM605.htm
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RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals study and analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the consultants in meeting their objectives in a cost-effective and timely manner.
Article By: Shushmul Maheshwari