The Pharmaceutical industry in Gujarat ranks number one in India with a 33% share in drug manufacturing and a 28% share in drug exports. The state has 130 USFDA certified drug manufacturing facilities.[1][2] Ahmedabad and Vadodara are considered as pharmaceutical hubs as there are many big and small pharma companies established in these cities.[3][4]
Gujarat is one of the major states in India and has a significant presence in the pharmaceutical industry. The state is home to several large pharmaceutical companies: Sun Pharmaceuticals ,Cadila Pharmaceuticals, Torrent Pharmaceuticals, Alembic Pharmaceuticals, Intas Pharmaceuticals, Zydus Lifesciences, Amneal Pharmaceuticals , USV Pharmaceuticals, Baxter Healthcare and Outsuka Pharma more.[5][6]
Overview
Gujarat has become a hub for the pharmaceutical industry, with several established companies such as Torrent Pharmaceuticals, Zydus Lifesciences, Cadila Pharmaceuticals, Alembic Pharmaceuticals, Sun Pharma, Claris, Intas Pharmaceuticals, and Dishman Pharmaceuticals having operations in the state. Gujarat currently has around 5000 drug manufacturing units and contributes 42 percent of India's pharmaceutical turnover and 22 percent of its exports as of 2008.[7] Over 52,000 individuals are employed in Gujarat's pharmaceutical sector, which has experienced a Compound Annual Growth Rate (CAGR) of 54 percent in capital investments over the last three years.[8][9]
Gujarat's pharmaceutical industry holds a significant position in India, accounting for 40 percent of the country's total pharmaceutical production and 17 percent of its exports. The industry is valued at US$ 5.5 Billion.
History
- 1907: Alembic Pharmaceuticals, one of the oldest pharmaceutical companies in India, was established in Vadodara, Gujarat. This was just six years after India's first domestic pharmaceutical unit, Bengal Chemical and Pharmaceutical Works, was set up in Calcutta.[10]
During the 1940s and 50s, companies like The Gujarat Pharmaceutical and Chemical Works, Sarabhai Chemicals, Atul Products Ltd, Allied and Cadila Laboratories were established.[11]
- 1947: The Drugs Laboratory in Vadodara was established, followed by LM College of Pharmacy.[12][11]
- 1989: The B.V. Patel Education Trust, Ahmedabad and Gujarat Branch of Indian Pharmaceutical Association (IPA) established the B.V. Patel Pharmaceutical Education and Research Development (PERD) Centre in Ahmedabad.[13]
Over the years, the pharmaceutical industry in Gujarat has grown significantly. The invested capital to labor ratio has risen significantly and the employment rate has almost doubled between 1979 and 1980 and 1997–98. There are currently around 3,500 drug manufacturing units in Gujarat, which employ over 52,000 individuals.[8]
- 2000: The Government of Gujarat declared the state a "pharma hub" and initiated several measures to promote the growth of the industry.
- 2003: Torrent Pharmaceuticals, one of the leading pharmaceutical companies in Gujarat, received US FDA approval for its manufacturing facilities.[14][15]
- 2005: Alembic Pharmaceuticals, another major pharmaceutical company in Gujarat, received US FDA approval for its manufacturing facilities.[16]
- 2008: The Gujarat Government announced a new pharmaceutical policy to attract more investment in the sector.[17]
- 2017: The Government of Gujarat signs 249 MoUs with pharmaceuticals cos attracting investments worth Rs. 150 billion at Vibrant Gujarat Summit.[18][19]
- 2020: India's first Medical devices manufacturing park announced in Rajkot.[20][21]
- 2022: The Government of Gujarat announced bulk drug park in Jambusar, Bharuch.[22][23][24][25][26]
- Government announces new Biotechnology Policy in Gujarat.[27]
Cluster and SEZs
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Location | Ahmedabad | Vadodara | Ankleshwar | Bharuch/Vapi/Valsad | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Types | Finished Dosages, Contract manufacturing | Finished Dosages, Biogenerics | APIs, Formulations, Vaccines | APIs, Finished Dosages | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exports | High | High | Medium | Medium | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Market/ Resource/ Infrastructure-based | Market and Infrastructure-based | Market and Infrastructure-based | Resource-based | Resource-based |
Largest companies
By market capitalization
Top 6 public pharmaceutical companies in Gujarat by market capitalization as of April 2023.[30]
Rank | Company | Location | Market capitalization (April 2023) | Ref(s) |
---|---|---|---|---|
1 | Torrent Pharmaceuticals | Ahmedabad | ₹534 billion (US$6.7 billion) | [31] |
2 | Zydus Lifesciences | Ahmedabad | ₹499 billion (US$6.2 billion) | [32] |
3 | Lupin | Ahmedabad | ₹299.67 billion (US$3.8 billion) | [33] |
4 | Alembic Pharmaceuticals | Vadodara | ₹108 billion (US$1.4 billion) | [34] |
5 | Eris Lifesciences | Ahmedabad | ₹100 billion (US$1.3 billion) | [35] |
6 | Dishman Carbogen Amcis | Ahmedabad | ₹80 billion (US$1.0 billion) | [36] |
Top private pharmaceutical companies in India by reported valuation in 2022.[30]
Rank | Company | Location | Valuation (2022) |
---|---|---|---|
1 | Intas Pharmaceuticals | Ahmedabad | ₹593 billion (US$7.4 billion) |
2 | Cadila Pharmaceuticals | Ahmedabad | ₹70 billion (US$880 million) |
By sales and marketing operations within India
Multinational Pharmaceutical Companies ranked as per active presence of sales, marketing and business in India are as follows:[37]
Research and Development
The pharmaceutical sector in Gujarat has a significant focus on research and development (R&D), which has contributed to the growth of the industry in the state. The state government has been actively promoting R&D in the pharmaceutical sector and has established a number of initiatives to support this.
Gujarat FDCA (Food and Drugs Control Administration) Innovation and Research Cell, which was established to promote R&D in the pharmaceutical industry. The cell provides support for R&D activities and facilitates collaborations between the industry and academia.[38][39][40]
In addition, the state government has established the Gujarat Biotechnology Research Centre (GBRC) to promote biotechnology research in the state. The centre provides infrastructure and technical support to research institutions and companies in the biotechnology sector.[41][42][43]
The Gujarat government has also established several science and technology parks in the state, including the Gujarat Science City in Ahmedabad[44] and the Gujarat Biotech Park in Vadodara. These parks provide infrastructure and support services to companies engaged in R&D activities in various sectors, including pharmaceuticals.[45][46]
Many of the leading pharmaceutical companies in Gujarat have their own R&D facilities and are actively engaged in the development of new products and technologies. For example, Zydus Lifesciences and Intas Pharmaceuticals one of the largest pharmaceutical companies in Gujarat, has a state-of-the-art R&D facility in Ahmedabad.[47][48] Similarly, Torrent Pharmaceuticals has a dedicated R&D centre in Gandhinagar.[49][50]
In addition to the initiatives and facilities mentioned earlier, the Gujarat government has also established the National Institute of Pharmaceutical Education and Research to promote R&D in the pharmaceutical sector. The centre provides infrastructure and technical support to pharmaceutical companies and research institutions in the state. It also facilitates collaborations between the industry and academia, and encourages the commercialization of R&D outcomes.[51]
The state government has also established a number of policies and incentives to promote R&D in the pharmaceutical sector. For example, the Gujarat Industrial Policy 2020 provides various incentives to companies engaged in R&D activities, including subsidies for the development of new products, tax exemptions on R&D expenditure, and funding for collaborations with academic institutions.[52][53]
Gujarat government has taken the initiative to provide training in areas such as R&D, manufacturing, quality control, and regulatory affairs, and aims to develop a skilled workforce for the industry.[54]
the government initiatives, policies, and incentives have created an environment that promotes R&D in the pharmaceutical sector in Gujarat. This has led to the development of innovative products and technologies, which has helped to establish Gujarat as a hub for the pharmaceutical industry in India.[29]
Exports
Gujarat is one of the leading states in India in terms of pharmaceutical exports. The state has a well-established pharmaceutical industry with a strong focus on quality and innovation, which has helped it to become a major exporter of pharmaceutical products. According to the data from the Ministry of Commerce and Industry, Government of India, Gujarat was the second-largest exporter of pharmaceuticals in India during the fiscal year 2020–21, accounting for around 20% of the country's total pharmaceutical exports.[55][56][57][58]
Pharmaceutical exports from Gujarat, India have increased by 11% in fiscal year 2018–19, according to data provided by the Gujarat State Board of Indian Drug Manufacturers’ Association (IDMA). Gujarat accounts for a minimum of 28% of India's pharma exports, with exports totalling $5.36bn in 2018–19, up from $4.83bn the previous year. The Indian pharma industry has bounced back with an estimated export value of $19.15bn in 2018–19, an increase of 10.85% over the previous year. The sector's strong performance is partly attributed to the strengthening of the dollar against the rupee.[59][60][61]
Gujarat's pharmaceutical exports consist of various types of products, including formulations, bulk drugs, intermediates, and drug formulations. The major markets for Gujarat's pharmaceutical exports are the United States, European Union, Africa, and the Middle East.[62][63]
Year 2021–2022[64][65] | |||
Sr. No. | Districts | Commodities | Value of Export (in US$ Million) |
1 | Bharuch | Drugs And Pharmaceuticals | 406.06 |
Total export of District | 4695.14 | ||
2 | Ahmedabad | Drugs And Pharmaceuticals | 1218.54 |
Total export of District | 4439.12 | ||
3 | Vadodara | Drugs And Pharmaceuticals | 320.65 |
Total export of District | 3710.32 | ||
4 | Valsad | Drugs And Pharmaceuticals | 140.26 |
Total export of District | 1970.23 |
The Gujarat government has also taken several initiatives to promote pharmaceutical exports from the state. These initiatives include the establishment of pharma parks and special economic zones, providing financial incentives and subsidies for exporters, and the organization of trade fairs and exhibitions to showcase the products of the state's pharmaceutical industry.[66]
See also
References
- ↑ "Gujarat's pharma industry growth hits 'fever pitch'". The Times of India. 4 September 2023. ISSN 0971-8257. Retrieved 4 September 2023.
- ↑ "Gujarat Pharma Industry – Vibrant Gujarat" (PDF). Vibrant Gujarat. June 2021. Archived from the original (PDF) on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Despite Covid-19, fresh investments flowing into Gujarat's pharma sector". The Times of India. 14 March 2021. ISSN 0971-8257. Archived from the original on 3 May 2021. Retrieved 5 April 2023.
- ↑ "Gujarat — pharmacy to the nation". www.thehindubusinessline.com. 29 September 2013. Archived from the original on 7 April 2023. Retrieved 5 April 2023.
- ↑ "Gujarat's pharma companies post net profit growth". The Times of India. 7 August 2020. ISSN 0971-8257. Archived from the original on 9 April 2023. Retrieved 5 April 2023.
- ↑ Dalal, Ravi Shah, Devanshi (11 September 2019). "Gujarat – A Re-emerging Pharma Destination?". India Corporate Law. Archived from the original on 6 April 2023. Retrieved 5 April 2023.
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- 1 2 3 "Gujarat Pharma Industry in 2008 – KPMG" (PDF). KPMG. 5 January 2008. Archived (PDF) from the original on 21 April 2015. Retrieved 6 April 2023.
- ↑ "Gujarat can emarge as global pharmaceutical hub: KPMG". The Economic Times. 6 January 2008. ISSN 0013-0389. Archived from the original on 5 April 2023. Retrieved 5 April 2023.
- ↑ "Alembic pharma history". www.business-standard.com. Retrieved 6 April 2023.
- 1 2 "How Gujarat Became the Pharma Hub of India". insider.finology.in. Archived from the original on 6 April 2023. Retrieved 5 April 2023.
- ↑ "L. M. College of Pharmacy". Archived from the original on 6 April 2023. Retrieved 5 April 2023.
- ↑ "Pharma machinery units foraying into new markets". test.pharmabiz.com. Archived from the original on 6 April 2023. Retrieved 5 April 2023.
- ↑ "Torrent Pharma Share Price Today(06 Apr, 2023) – Torrent Pharma Share Price Live NSE/BSE". The Economic Times. Archived from the original on 11 June 2023. Retrieved 6 April 2023.
- ↑ Standard, Business. "Company News: Company Business News, Indian Companies News, Company Analysis, Corporate Industry News". www.business-standard.com. Archived from the original on 31 March 2023. Retrieved 6 April 2023.
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has generic name (help) - ↑ "Alembic Pharmaceuticals 2006" (PDF). Alembic Pharmaceuticals. Archived (PDF) from the original on 30 May 2023. Retrieved 6 April 2023.
- ↑ "Gujarat govt framing new industry policy, to benefit pharma, biotech sectors". test.pharmabiz.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Vibrant Gujarat Summit sees 25,578 agreements signed – The Economic Times". m.economictimes.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Gujarat govt signs 249 MoUs with pharma cos attracting investments worth". test.pharmabiz.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ Master, The Health (20 January 2020). "Medical Devices Park soon at Rajkot". Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Rajkot to get Medical Device Park, Ankleshwar to get Bulk Drug Production Park: Rupani". DeshGujarat. 18 January 2020. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ Bureau, BL Ahmedabad (8 October 2022). "PM Modi to inaugurate ₹2500-cr bulk drug park in Jambusar". www.thehindubusinessline.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Drugs park in Bharuch: Leases to reduce API makers' capital expenses". The Times of India. 22 January 2023. ISSN 0971-8257. Archived from the original on 10 April 2023. Retrieved 6 April 2023.
- ↑ "Gujarat gets nod for bulk drug park in Jambusar". The Times of India. 2 September 2022. ISSN 0971-8257. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Gujarat govt earmarks 2,000 acres of land for country's first bulk drug park at Jambusar". www.pharmabiz.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "India's first bulk drugs park to be set up in Gujarat's Bharuch". Hindustan Times. 3 September 2022. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Chief Minister Bhupendra Patel announces new Biotechnology Policy of Gujarat". www.biospectrumindia.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Cluster Pulse". www.clusterpulse.org. Archived from the original on 5 April 2023. Retrieved 5 April 2023.
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- ↑ "Torrent Pharmaceuticals (TORNTPHARM.NS) – Market capitalization". companiesmarketcap.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Zydus Lifesciences (ZYDUSLIFE.NS) – Market capitalization". companiesmarketcap.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Lupin Limited (LUPIN.NS) – Market capitalization". companiesmarketcap.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Alembic Pharmaceuticals (APLLTD.NS) – Market capitalization". companiesmarketcap.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
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: CS1 maint: archived copy as title (link) - ↑ "FDCA". ayudmla.gujarat.gov.in. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "fdca: Latest News & Videos, Photos about fdca | The Economic Times – Page 1". The Economic Times. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ Network, eHealth (1 September 2017). "E-initiatives by Gujarat FDCA Revolutionising the Drug Sector in India – Elets eHealth". eHealth Magazine. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Gujarat Biotechnology Research Centre". GBRC.
- ↑ "gujarat biotechnology research centre: Latest News & Videos, Photos about gujarat biotechnology research centre | The Economic Times – Page 1". The Economic Times. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Gujarat Biotechnology Research Center contributes to Covid genomes sequencing". The Indian Express. 14 March 2021. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Gujarat Science City". Gujarat Science City. Archived from the original on 27 March 2023. Retrieved 6 April 2023.
- ↑ "Rs 2000 cr Gujarat Biotech Park at Vadodara likely to be launched in April". test.pharmabiz.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Gujarat State Biotechnology Mission (GSBTM), Savli Biotech Park | India Science, Technology & Innovation – ISTI Portal". www.indiascienceandtechnology.gov.in. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Zydus pharma Research Center | Vaccine Technology Centre in India". zyduslife.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "R & D – Intas Pharmaceuticals Ltd". Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Torrent Pharmaceuticals". www.torrentpharma.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Indian pharma firms look to ramp up investments in R&D, innovation". Business Today (in Hindi). 28 February 2022. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "National Institute of Pharmaceutical Education & Research". www.niperahm.ac.in. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Gujarat Industrial Policy 2020". ic.gujarat.gov.in. Archived from the original on 12 July 2022. Retrieved 6 April 2023.
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- ↑ "Gujarat FDCA to collaborate with PERD Centre to train drug regulators on soft skills, analytical techniques". www.pharmabiz.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Department of Pharmaceuticals 2020–21" (PDF). Department of Pharmaceuticals. Archived (PDF) from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Smriti Irani hails Gujarat contribution in pharmaceutical exports". The Times of India. 2 May 2022. ISSN 0971-8257. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "25 Share Of Country s Pharma Export From Gujarat PM". BW Disrupt. Archived from the original on 9 February 2023. Retrieved 6 April 2023.
- ↑ Sharma, Ruchika (2 May 2022). "Smriti Irani says Gujarat's share in pharma exports is almost a quarter". Medical Dialogues. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Pharma exports from Gujarat grow exponentially". www.thepharmaletter.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
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has generic name (help) - ↑ "Pharma exports from Gujarat rise 11% in FY19". The Times of India. 10 April 2019. ISSN 0971-8257. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ↑ "Pharmaceutical industry, Pharmaceutical Exports from India- IBEF". India Brand Equity Foundation. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
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- ↑ "Top Export Districts in The Country". pib.gov.in. Archived from the original on 20 July 2023. Retrieved 6 April 2023.
- ↑ "6 of top 12 Export Districts of India are in Gujarat; Jamnagar and Surat leading the list". DeshGujarat. 11 December 2021. Archived from the original on 10 December 2022. Retrieved 6 April 2023.
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