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Impact of Product Patent on FDI in Indian Pharmaceutical Industry

Pierre Health Insurance Besides these strategies, Indias strength lies in process development skills.

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With a regulatory system focused only on process patents, helped to establish the foundation of a strong and highly competitive domestic pharmaceutical industry which in the grip of a rigid price control framework transformed into a world supplier of bulk drugs and medicines at affordable prices to common man in India and the developing world. This expertise utilised within the WTO framework with emphasis on quality standards will provide India a competitive advantage over other Asian countries. Pierre Health Insurance Anti-infective comprise the largest therapeutic segment in India, accounting for about 26 per cent of the market. Export markets increasingly drive IPI: in a turnover of US$5 billion, exports constitute $3.2 billion and the industry is poised to grow to $25 billion by 2010.