The Indian pharmaceuticals marketis the third largest in terms of volume and thirteenth largest in terms ofvalue. India is the largest provider of generic drugs globally with the Indiangenerics accounting for 20 per cent of global exports in terms of volume.Indiaenjoys an important position in the global pharmaceuticals sector.

Pharmaceutical companies in Indiaboth Indian and foreign, manufacture bulk drugs in several therapeuticcategories and the industry has facilities to manufacture various types ofdosage namely capsule, tablets, injectable, orals,and liquids.The industrytoday can boast of producing the entire range of pharmaceutical formulations,i.e., medicines ready for consumption by patients and about 350 bulk drugs,i.e., chemicals having therapeutic value and used for production of pharmaceuticalformulations.

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