Pharmaceutical industry in Gujarat
The Pharmaceutical industry in Gujarat ranks number one in India with a 33% share in
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'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 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
- 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
- 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
Source:[28][29][8] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Location | Ahmedabad | Vadodara | Ankleshwar | Bharuch/Vapi/Valsad | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Occupants |
|
|
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 FDCA (Food and Drugs Control Administration) Innovation and Research Cell, which was established to promote
In addition, the state government has established the Gujarat Biotechnology Research Centre (GBRC) to promote
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
In addition to the initiatives and facilities mentioned earlier, the Gujarat government has also established the
The
the government initiatives,
Exports
Gujarat is one of the leading states in
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 $19.15bn in 2018–19, an increase of 10.85% over the previous year. The sector's strong performance is partly attributed to the strengthening of the dollar against the rupee.[59][60][61]
Gujarat's pharmaceutical exports consist of various types of products, including formulations, bulk drugs, intermediates, and
Year 2021–2022[64][65] | |||
Sr. No. | Districts | Commodities | Value of Export (in US$ 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
See also
References
- 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.
- 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.
- 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.
{{cite web}}
: CS1 maint: multiple names: authors list (link) - ^ "Pharma Industry in Gujarat". GSBTM.[permanent dead link]
- ^ a b c "Gujarat Pharma Industry in 2008 – KPMG" (PDF). KPMG. 5 January 2008. Archived (PDF) from the original on 21 April 2015. Retrieved 6 April 2023.
- from the original on 5 April 2023. Retrieved 5 April 2023.
- ^ "Alembic pharma history". www.business-standard.com. Retrieved 6 April 2023.
- ^ a b "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 7 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.
{{cite web}}
:|first=
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". The Economic Times. Archived from the original on 7 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.
- from the original on 10 April 2023. Retrieved 6 April 2023.
- 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.
- ^ a b "iNDEXTb". indextb.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ^ a b "2022 Burgundy Private Hurun India 500" (PDF). Archived (PDF) from the original on 1 December 2022. Retrieved 3 December 2022.
- ^ "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.
- ^ "ERIS | Stock Share Price | Get Quote | BSE". www.bseindia.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ^ "Stock Share Price | Get Quote | BSE". www.bseindia.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 5 January 2012. Retrieved 3 December 2011.
{{cite web}}
: 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. 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.[permanent dead link]
- ^ "gujarat biotechnology research centre: Latest News & Videos, Photos about gujarat biotechnology research centre". 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.
- ^ "Vijay Rupani: Gujarat announces Industrial Policy 2020, CM Vijay Rupani says it will make the state Atmanirbhar – The Economic Times". The Economic Times. Archived from the original on 8 April 2023. Retrieved 6 April 2023.
- ^ "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.
- 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.
- ^ Standard, Business (7 January 2017). "Gujarat witnesses exponential growth in pharma exports". www.business-standard.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
{{cite web}}
:|first=
has generic name (help) - 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.
- ^ "Export Products (Pharmaceuticals)". Mcommerce. Archived from the original on 6 April 2023. Retrieved 6 April 2023.
- ^ "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.
- ^ "Gujarat Pharma". indextb.com. Archived from the original on 6 April 2023. Retrieved 6 April 2023.