Cost-effective production
India has a large pool of skilled workers, favorable labor laws, and low production costs. This makes it possible for 3rd party manufacturing pharma companies to produce medicines at a lower cost, making them more affordable for consumers.
High-quality standards
Indian pharmaceutical companies adhere to strict quality standards, many of them having received international certifications, such as US FDA, WHO-GMP, ISO, etc., indicating that they meet global quality standards.
Large manufacturing capacity
India has a large manufacturing capacity for pharmaceuticals, enabling Third party manufacturing pharma companies in India to produce large quantities of medicines quickly and efficiently.
Regulatory framework
India has a well-established regulatory framework for the pharmaceutical industry. The Central Drugs Standard Control Organization (CDSCO) regulates the industry and ensures that all medicines are safe and effective.
Skilled workforce
India has a large pool of experienced professionals in the pharmaceutical industry, including chemists, pharmacists, and engineers. This skilled workforce enables Third party manufacturing pharma companies to produce high-quality medicines.
Flexibility
3rd party manufacturing pharma companies in India offer flexibility in production, allowing clients to choose the quantity, packaging, and other aspects of the medicines they require.
Research and Development
India has a thriving pharmaceutical research and development sector, enabling Third party manufacturing pharma companies to innovate and create new medicines.
International demand
Indian pharmaceutical companies export their products to over 200 countries, making them globally recognized and trusted.
Government support
The Indian government supports the pharmaceutical industry through various initiatives such as tax benefits, subsidies, and investment in research and development.
Customer-centric approach
Indian 3rd party manufacturing pharma companies have a customer-centric approach, focusing on meeting the specific requirements of their clients, providing them with personalized services, and building long-term relationships with them.
Overall, these factors have contributed to making 3rd party manufacturing pharma companies in India famous, trusted, and a preferred destination for pharmaceutical outsourcing.