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Study of Comparative Advantages of Chinese and Indian Pharmaceutical Industries Under Globalization (Report)

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eBook details

  • Title: Study of Comparative Advantages of Chinese and Indian Pharmaceutical Industries Under Globalization (Report)
  • Author : Management Science and Engineering
  • Release Date : January 20, 2010
  • Genre: Education,Books,Professional & Technical,
  • Pages : * pages
  • Size : 79 KB

Description

Since India's independence, its domestic companies have experienced significant growth. After five decades of development, India has become one of the most important sources of active ingredients and bulk drugs. Presently, it's exporting to more than 100 countries in total. Its main export regions are US, Western Europe and Asia (especially China). Although China has a larger domestic market and enjoys phenomenal growth as well, India's expertise on regulatory compliance and process chemistry has given it competitive advantages in the global market. The article will discuss the factors that contributed to India's success and identify some lessons that China could learn from this formidable competitor. The authors believe that four factors have contributed to India's success: Government Policy, internationalization Strategy, Process expertise and regulatory expertise. 1. GOVERNMENT POLICY AND LOOSE IP PROTECTION LAW


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