Invest Kerala | Pharmaceuticals

Pharmaceuticals

The pharmaceutical industry encompasses the discovery, development, production, and marketing of drugs for medical use. This field includes both generic and brand medications, as well as medical devices. Governed by strict laws and regulations, pharmaceutical companies conduct extensive testing to ensure the safety and efficacy of their products before bringing them to market. India plays a significant role in this industry, particularly in supplying low-cost vaccines globally. It is a leading manufacturer of generic medicines, providing a wide range of pharmaceutical products across various therapeutic categories. With a vast network of manufacturing facilities and a skilled workforce, India has established itself as a key player in the global pharmaceutical market, offering affordable and high-quality treatments to people worldwide.

Investment Promotion and Facilitation

The pharmaceutical industry in India is poised for significant growth and development, with a focus on encouraging the manufacturing of generic drugs, API/bulk drugs, vaccines, contract research and manufacturing services, biosimilars, and biologics. Recognizing the industry's potential, there is a concerted effort to create an enabling ecosystem for pharmaceutical manufacturing and research. This includes initiatives such as organizing road shows and events in collaboration with industry academia, developing industry-oriented courses in pharmaceutical subjects, and establishing a Center of Excellence with state-of-the-art facilities and incubators. Bioprospecting of pharmaceutical and traditional medicine is also being promoted, along with earmarking a dedicated fund for research and development activities. Furthermore, efforts are being made to strengthen infrastructure, including completing Phase 2 development of the Life Sciences Park in Thiruvananthapuram, setting up a Pharma Zone at the Petrochemical Park at Ambalamugal, and enhancing cold storage facilities specific to the pharmaceutical industry. These endeavors align with a commitment to environmentally friendly approaches, ensuring sustainable growth within the pharmaceutical sector.

Infrastructure

The pharmaceutical industry in India is undergoing significant advancements and infrastructural developments to bolster its position as a global leader. Key initiatives include the completion of Phase 2 development of the Life Sciences Park in Thiruvananthapuram and the establishment of a proposed Pharma Zone at the Petrochemical Park in Ambalamugal. These initiatives aim to provide essential infrastructure, such as common facilities, testing laboratories, and quality centers, to support pharmaceutical manufacturing. Additionally, efforts to encourage the setup of cold storage facilities tailored for temperature-sensitive medicines and the enhancement of Kerala State Drugs and Pharmaceuticals Limited are underway. Complementing India's reputation for producing high-quality and competitively priced pharmaceuticals, these initiatives align with a broader policy focus on promoting investment, research and development, and environmental sustainability in the pharmaceutical sector.

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