India pharma industry projected to grow 18% by 2016-17: Govt
   
Quotes

India pharma industry projected to grow 18% by 2016-17: Govt

Last Updated: Thursday, August 16, 2012, 22:42
 
 Comment 0
 
India pharma industry projected to grow 18% by 2016-17: Govt
New Delhi: Indian pharmaceutical industry is poised to grow at the rate of 18 percent by the year 2016-17, the Parliament was informed Thursday.

"According to the Report of the Working Group on Drugs and Pharmaceuticals Industry for XII Five Year Plan, the projected rate of growth for Indian Pharmaceutical industry is envisaged as 18 percent by 2016-17," Minister of State for Chemicals and Fertilisers Srikant Kumar Jena today said in a written reply to the Lok Sabha.

The projected rate of growth of the industry in domestic market has been envisaged as 21 percent and the projected growth rate in the international market has been envisaged as 16 percent, he added.

"The estimated value of business of the Pharmaceuticals Industry in 2008 was Rs 80,300 crore which reached to Rs 1,04,209 crore in March 2010," Jena said.

Over 10,000 pharmaceutical companies sell medicines in India.

PTI


First Published: Thursday, August 16, 2012, 22:42


Comments


comments powered by Disqus
BRICS SUMMIT Ufa
BRICS SUMMIT Ufa
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters
TOP 5  happy cities of India
TOP 5 happy cities of India

Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved