Cost Rationalization in Pharmaceutical Production

The pharmaceutical industry is facing increasing pressure to reduce costs, in order to remain competitive. This can be achieved through a variety of ways like cost reduction through sustainable manufacturing strategies, developing a streamlined and consistent global supply network, identifying global suppliers and controlling COGS throughout the product development and manufacturing lifecycle. With low-cost manufacturing, high-quality research and manufacturing facilities and educated personnel, the Indian pharmaceutical industry presents both a competitive threat and partner opportunities. This has resulted in increasing its manufacturing capability to competetive international levels, so that it is fast emerging as a sourcing partner for international pharma majors. India now has the largest number of US