Success mantra for Indian pharmaceutical companies: Say Hello to SAP!
For sometime now, we know that India has become a major economic zone globally and has been delivering its quality products and services. An industry, that is specifically being been noticed with keen eyes in the present scenario, is the Indian pharmaceutical industry. Increasing at 12.70 percent in 2015 and expected to expand at a CAGR of 15.92 percent by 2020 that means that the Indian pharmaceutical industry would be worth a whopping US$ 55 billion! With these projections India will become the third largest pharmaceutical market in coming years. The major growth in Indian pharmaceutical industry can be conferred to its processes and people. The manufacturing and production processes followed by Indian companies are not only compliance oriented, but also operate at significantly lower costs as compared to US and Europe. Indian companies also get competitive edge over other nations as they produce some of the best engineers and scientists on its homeland that contribute in in...