Profit

India may witness outsourcing boom in pharma

PUBLISHED ON: August 29, 2008 | Duration: 1 min, 50 sec

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India's low cost operations and ability make cheaper versions of generic drugs has made it an attractive destination for global pharma industry, which is eyeing India as a potential hub for outsourcing operation to offset a slowdown in other markets. India offers technical skills and low cost advantage and has over 100 US FDA approved plants. Indian outsourcing market is seen at $40-50 billion.
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