+91 9824382041What is the reason healthcare industry has performed phenomenally well in the past three decades? It is because the country has performed well on the economic side. This has contributed to increasing healthcare facilities and hospitals in the country.
Also, there has been an increasing awareness of health and healthcare in recent years. As the paying capacity of people has increased, they are ready to spend more on quality healthcare facilities.
This is the reason India has become a hub for pharmaceutical manufacturing and even PCD pharma companies. Companies like Progressive Life Care have expanded their presence and reach by appointing multiple PCD franchise partners across the market.
Statistics say that India has the best and fastest-growing top-class pharmaceutical companies. They are experts and highly specialized in large-scale manufacturing of pharma products. No wonder our country is considered the Pharmacy of the World in the global market.
Let’s understand why India is the best pharmaceutical hub for manufacturing and PCD Pharma franchise companies.
India is the biggest producer of generic Medicines
Global market research shows that more than half of the supply of vaccine demand and 20% of generic medicines are sent by Indian companies to different countries in the world.
One important reason is that Indian companies are highly regulated pharmaceutical companies, and each pcd pharma company india has a strong manufacturing base with WHO-GMP and USFDA-approved manufacturing processes.
Indian production processes are Cost-Effective
Indian pharmaceutical companies make the best medicines at a very affordable cost. This is the secret of their becoming a global leader in pharmaceutical exports. A large number of developing countries rely on Indian pharmaceutical exports extensively. Since the products are available at less expensive prices, they can fulfill their medical requirements without causing a burden to their economy.
Excellent support by the government
In the past ten years, the support and encouragement for a pcd pharma in india have been phenomenal by the government of India. Some prominent initiatives are Production Linked Incentive (PLI) and Make In India.
Easy FDI policies have boosted foreign investment in the pharmaceutical sector.
Strong R&D capability
Research and Development is the basis of the pharma industry. It is because advancement constantly happens in this business. Therefore, pharma companies are also required to keep pace with this technical advancement.
The pharma companies in India are far ahead in research and development of new drug formulations and research in the field of herbal and Ayurvedic medicines.
Skilled human resources
India is the biggest producer of healthcare professionals in the world. The long list of professionals includes qualified doctors, nurses, pharmacists, skilled pharma workers, and trained medical professionals.
This large workforce has taken the Indian pharmaceutical industry high in the global pharma market.
Success of PCD Pharma Franchise model
In India, PCD pharma franchise model has been a great success. It is a profitable business due to low-cost investment and high returns. There are effective features like Monopoly rights.
India is a leading country in the pharma business because of the success of PCD pharma companies.
Also read: Why The PCD Pharma Companies Price List Matters for New Franchise Owners?
