A PHARMA POWERHOUSE GUJARAT FOR 35 PER CENT OF INDIA’S PHARMA OUTPUT
Why in the news?
“Gujarat emerges as India’s leading pharmaceutical manufacturing hub, contributing over 35% to the country’s market share.”
About Lion’s Share of Pharma Market:
- Gujarat’s pharma industry commands over 35% of India’s market, valued at Rs. 1.42 lakh crore in FY 2022-23.
- The state contributes 28% to India’s pharma exports, totaling Rs. 2.05 lakh crore, meeting international pharmaceutical demands.
- Gujarat’s pharmaceutical prowess extends to specialized medical equipment, manufacturing 78% of India’s cardiac stents and hosting 40% of CROs and medical device manufacturers.
source:indiamart
What are Good Manufacturing practices (GMP)?
Quality management and regulatory guidelines. ● Ensure consistent production of safe, high-quality products. ● Applied in pharmaceuticals, food, beverages, cosmetics. ● Minimise risks from errors, contamination during manufacturing. About Government initiatives for pharmaceutical production:
|