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Pharma Intermediates Market Growing at 5-10
May 20, 2005
From being an import-dependent industry in the 1950s, the Indian pharmaceuticals sector has come a long way to become the $7 billion giant it is today. India is not only self-sufficient in terms of pharmaceutical products, but has also achieved global recognition as a manufacturer and supplier of low-cost, high-quality bulk drugs and formulations to over 50 countries. India is currently among the top five global manufacturers of APIs. The production of APIs continues to swell with an increasing number of international companies making a beeline to India to meet their API supply needs.
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