Indian Pharmaceutical Machinery
Indian Pharmaceutical Machinery Manufacturers have made a rather strong headway in the international markets. Today, India’s increasing clout in the pharmaceutical domain is a universally acknowledged fact.
But the situation was not that rosy, a few decades back. Forget about exporting, India in 60’s and 70’s mostly imported all kinds of Pharmaceutical Machinery from Europe, to cater to the country’s growing processing and packaging requirements. But surprisingly, some fantastic turn of events in the mid 70s, turned the tables in favour of India. Dearth of foreign funds led the Indian Government to introduce high import duties and various import licensing policies, which forced Indian pharmaceutical companies to look for local options. But with hardly any Indian Engineering company into manufacturing any kinds of Pharmaceutical Machinery, this option was totally ruled out. Eventually, Indian pharmaceutical companies had to encourage the local engineering companies to produce pharmaceutical machines.
Interestingly, small scale engineering companies in India grabbed this golden opportunity with both hands. Within a short span of time, 100’s of Indian machinery manufacturers set up their shops to cater to the growing machinery requirements of 1000s of pharmaceutical companies. This timely initiative, aided Indian Pharmaceutical Machinery industry in a big way. In fact, India, over the years, earned the reputation of being a low-cost haven for manufacturing drugs, all thanks to low capital investment on plant and machinery, and cost-efficient man power.
After studying Indian capabilities in the pharma domain, many foreign machine manufacturers were pretty enthused to set up joint operations in India. In return, India cashed in on their expertise, and got an opportunity to improvise on its existing machineries. Today, Indian machineries cost just one third or one fourth of the imported technology. The Indian Pharmaceutical Machinery Industry is growing 15-20% percent annually and today there are around 700 units, supplying machines to the pharmaceutical industry in India and worldwide.
So one can confidently say, the future of Indian Pharmaceutical Machinery industry is very sunny. Machines available with foreign counterparts are five times more expensive than Indian machines. So naturally all eyes turn towards India when it comes to buying high-quality-low-cost Pharmaceutical Machinery.
Equipped with latest technology, a slew of high-quality pharmaceutical machineries and equipments, from production to packaging are available in the Indian market. The equipments are available in all sizes for manufacturing of Tablets, Capsules, Ointments, Cosmetics, Liquid for Pharmaceutical Industry.
The Pharmaceutical Machinery is mainly used for
- Tableting
- Tube Filling
- Liquid Filling
- Labeling
Global demand of Indian pharmaceutical machineries
The Pharmaceutical Machinery manufacturers have to practice cGMP, US FDA, MCA standards. For a Pharmaceutical Machinery to have a global appeal certain quality systems like ISO-9000, standardization, services, innovation and continuous improvement of design have to be fundamentally followed.
By virtue of its GMP compliance, Indian Pharmaceutical Machinery manufacturers are in demand in the regulated markets of developed countries. Several Indian Pharmaceutical Machine Manufacturers have started getting orders from Australia, New Zealand, Spain, Norway, Sweden, Finland and some semi-regulated markets like Latin America, Malaysia, Thailand and Indonesia.
In the coming five years, world pharmaceutical market alone will predictably grow at a rate of 8 percent with business opportunity worth US$ trillion. Countries like USA, Japan and those of Europe will be in control of over 80 percent trade. Asian countries like South Korea, Taiwan and India are estimated to register growth rates ranging in between 12 to 15 percent annually.
In addition, the new product patent regime and increased export of Indian pharmaceutical products to global markets have pushed Indian Pharmaceutical Machinery manufacturers to enhance GMP and to go for technological adaptation. In keeping with the international standards, Indian machinery companies practice proper documentation for every manufacturing and maintenance procedure. Also, Indian machinery manufacturers are constantly upgrading themselves, to remain relevant in these evolving times. Today, Indian machines are far better in quality, than it used to be 15 years ago. Indian manufacturers practice the ISO 14000 and 9001 series of quality certification.
Pharmaceutical Machinery: Cartooning and Packaging
The pharmaceutical packaging sector is growing at the rate of 5.4 percent. In the wider world, the market for packaging equipments is all time. And according to a recent report, the growth apparently is being triggered by developing economies.
Technology adopted by Indian Pharmaceutical Machinery Manufacturers
The technological up gradation of Pharmaceutical Machineries is really faster in India. From low-cost technological offerings to offering value-added engineering with integration of new-technologies, the Indian Pharmaceutical Machinery Manufacturers have indeed traveled a long way. Various international companies are apparently eager to forge alliance with Indian companies, to take advantage of its cost-effective solutions. The numerous joint ventures taking place between Indian and foreign companies is a proof that India produces world-class machineries at reasonable prices.
