Drugs & Pharmaceuticals
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The Indian pharmaceutical industry is driving product development and breaking new grounds in medicine research worldwide. The Indian domestic pharmaceutical market was estimated to be US$ 10.76 billion in 2008 and is expected to grow at a high compound annual growth rate (CAGR) of 9.9 per cent till 2010 and thereafter at a CAGR of 9.5 per cent till 2015. Currently, the Indian pharmaceutical industry is one of the world's largest and most developed, ranking 4th in volume terms and 13th in value terms. The country accounted for 8 per cent of global production and 2 per cent of world markets in pharmaceuticals in 2008. The Indian pharmaceutical offshoring industry is slated to become a US$ 2.5 billion opportunity by 2012, thanks to lower R&D costs and a high-talent pool in India.
 
 
Key Initiatives / Information
 
An ardent supporter of regional integration, Mr Chandrajit Banerjee, Director General, CII, calls for greater economic and people-to-people ties between India and China. While tariff and non-tariff barriers have been reducing and bilateral trade touched $ 74 billion in 2011, there is scope for further engagement, especially in sectors such as IT and pharmaceuticals.
 
In the article featured in the “Guest Column” of the “Edit Page” in the Economic Times dated 1 November 2011, Mr Chandrajit Banerjee, Director General (CII) believes that the clearance of the National Manufacturing Policy (NMP) by the Cabinet is a historic step on the economic reform agenda and will set the pace for a much higher trajectory of growth in employment, investment and output. Mr Banerjee points out that the most important pillar of the NMP is the intention to create 100 million new jobs and further states that the industry will work with the government to convert the policy into a real tool to meet the objectives of inclusive growth.
 
Confederation of Indian Industry (CII) and United States-India Educational Foundation (USIEF) announce the Fulbright-Nehru-CII Fellowships for Leadership in Management Program for the academic year 2012-2013. Indian business managers, whose employers would be willing to bear 50% (US$ 18,400) of the total cost (US$ 36,800), may compete to attend this specially designed management program at the Carnegie Mellon University’s Tepper School of Business in Pittsburgh from May 23 to July 31, 2012. Aimed to broaden overall perspectives and to strengthen strategic, functional and leadership skills in global business, this program combines classes with group work, industry visits, and networking. Complete announcement matter and application materials are available at USIEF website www.usief.org.in. November 15, 2011 is the application deadline.
 
76th CII Northern Region Business Outlook Survey is a quarterly study conducted to gauge the sentiment in the economy. Earlier, the survey was conducted bi-annually, but from the 74th Survey onwards the study is conducted on a quarterly basis in order to get a more frequent indicator of business sentiment. The current survey gives an outlook on business sentiments for the first quarter of 2011-12 as compared to the last quarter of 2010-11.
 
CII’s National Committee on Pharmaceuticals primarily focuses on creating conducive policy environment for industry to grow, do research, collaborate globally, and enhance quality. One major focus of the committee is also to build positive image of Indian Pharma industry globally.
 
 
CII News Update
 
 
The Annual General Meeting and National Conference of Confederation of Indian Industry (CII) will be held on 3rd and 4th April 2013 at New Delhi. The two-day event would have a galaxy of speakers deliberating on a range of issues that are of importance to India and Indian Industry at the presen.....
 
 
 
Diabetes has become one of the leading public health issues in the country. Government of India has a strong commitment to tackle this challenge through National Program on Prevention and Control of Cancer, Diabetes, Cardiovascular Diseases and Stroke (NPCDCS) programme. A lot of emphasis has been .....
 
Continuous Change and Improvement is the key driver for overall growth of the Organisation said by Dr Krishan Kumar, Former Director, Maruti Centre of Excellence (MACE) in his special address at the 4th Lean Six Sigma Summit organized by Confederation of Indian Industry (CII ) NR in New Delhi, toda.....
 
 
 
 
 
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CII Contact
 
Anjan Das
[Executive Director]
Confederation of Indian Industry
IGSSS
3rd Floor, IGSSS Building
28, Instutional Area
Lodi Road
New Delhi-110003
Delhi
India
Phone : 91-11-45772019
Fax :91-11-45772014
Email : anjan.das@cii.in

 
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