Looking for the top pharma export companies in India? Look no further! mediwin is India's trusted pharmaceutical manufacturing company serving its domestic clients with a number of products https://mediwinpharma.com/the-new-leap-of-indian-pharma-export-in-fy23/

1. The New Leap of Indian Pharma Export in
FY23

2. Factors Contributing to the Growth of the
Pharmaceutical Industry in India
• 1. Government Initiatives to Boost Pharma Export
• In March 2022, the government announced the strengthening of the pharmaceutical industry
(SPI) scheme with a total budget of 500 crores for FY 2021-22 to FY 2025-26.
• After a hiatus, India resumed deliveries of COVID-19 shots to the COVAX program in
November-December
• 2. Investment in R&D and innovation Research and development (R&D) are important in
every industry. It is particularly essential in the biopharmaceutical research sector. It helps to
save lives and increase profits. Developing new vaccinations and therapies is becoming
increasingly difficult. Reliable R&D services can help pharmaceutical enterprises follow
manufacturing methods, leading to the creation of numerous new medications.
•
• 3. Globalization When India opened its socialist economy and began trading globally,
big pharma exporters from the US and Europe entered the Indian market. They set up
cheaper and more efficient production facilities offshore to reduce costs and expand their
operations. This created opportunities for small-scale industries to grow their products. The
entry of big pharma companies into the Indian market allowed smaller businesses to expand,
create more opportunities, and export pharmaceutical products worldwide.
•
• 4. Quality and Compliance Quality and compliance are crucial to India’s growth in the
pharmaceutical industry. With the rising pharmaceutical sector, all companies must follow
strict quality standards to ensure their products are safe. This led to more investment in
research and development and better manufacturing processes.

3. Impact of the Growth of Pharmaceutical Companies
on the Economy
• 1. Improved Healthcare Access
• The pharmaceutical industry in India has been growing rapidly. The government is helping
more people afford healthcare and medicine by making them cheaper. India needs to have its
medical industry so it doesn’t depend too much on China.
• 2. Job Creation and Economic Benefits
• A pharma exporter plays an important role in the Indian economy. Top Indian pharma export
companies employ around 2.7 million people directly to the firm. It also creates employment
through the supply chain.
• 3. Increased Revenue and Growth for the Indian Pharma Industry
• The pharmaceutical industry in India is a significant player in the global market. Here are
some reasons why:
• The Indian pharmaceutical industry is ranking third in production by volume and 14th by
value.
• From April 2000 and June 2022, foreign investment in India’s drugs and pharmaceutical
industry was around $19.90 billion.
• Cipla and Drugs for Neglected Diseases initiative (DNDi) teamed up to launch a new medicine
in June 2022 to treat HIV in children in South Africa.
• The Union Cabinet has approved FDI up to 100% under the automatic route for
manufacturing medical devices subject to certain conditions.
•

4. How can Pharmaceutical Companies Leverage the
New Leap?
• 1. Maximize Efficiency
• Production efficiency refers to achieving output goals with minimal input. Collecting data
from various areas makes it possible to identify improvement areas. Automation can also
reduce the manual input, time, and resources required to complete tasks.
• 2. Improve Industrial Security
• Pharmaceutical companies can face cyberattacks and security threats, which can cause them
to hesitate to adopt new technologies that could improve productivity. However,
implementing these technologies while safeguarding against security risks can provide a
competitive advantage.
• 3. Simplify Operation Workflows T
• he pharmaceutical industry has strict quality requirements at every step of the process. The
common batch process can be beneficial, but it also means that one error can lead to a
ruined batch, wasted resources, and potentially serious consequences. Effective batch control
is crucial to avoid these negative scenarios.
• 4. Better Production
• Efficiency in pharmaceutical manufacturing can also be improved by increasing machinery life
and uptime. Equipment breakdowns and underperformance can cost companies money in
terms of repairs, lost production time, and damaged batches of products. Investing in high-
quality equipment and implementing an effective maintenance program can help export
pharmaceutical products more efficiently.
•
•

5. Contact Us
• Address: 203, Anmol Business Centre, Vrundavan Colony, Near Navrang School Six
Roads, Navrangpura, Ahmedabad, Gujarat 380009
• Phone: 079 2640 5517
• Email: info@mediwinpharma.com
• Website: http://www.mediwinpharma.com/
•