India's pharmaceutical intermediates market has seen an exponential rise, mainly due to a blend of factors including an increasing API demand and strategic governmental support. This segment offers the key compounds on which final pharmaceutical products are based. India's huge API production sector has a high reliance on intermediates and the country can be a global player in the pharmaceutical manufacturing and supply segment. Robust demand for intermediates used in the production of therapeutic drugs, antibiotics, antivirals and cardiovascular treatments is fuelling India's market growth, which aligns with a global trend of higher healthcare spending. The pandemic also brought to the forefront the importance of self-reliance in the pharmaceutical supply chains and India’s emphasis on and expansion of domestic intermediate production. Production Linked Incentive (PLI) scheme by government has helped these efforts by offering financial incentives to encourage local manufacturing. The shift in this policy not only reduces dependency of imported raw materials but also consolidates India‘s status as a global supplier of high quality intermediates.

From the industrial side, progress in biotechnology and chemical synthesis has improved the efficiency of production of intermediates, and research and development introduces eco-friendly and cost effective production. Moreover, industry is expanding as multinational pharmaceutical companies are outsourcing intermediate production from India to its competitive cost and technical expertise. The Indian pharmaceutical intermediates market is expected to maintain a robust growth rate in future on the back of ongoing investment, growing infrastructure and favorable regulatory policies. This momentum gives India the opportunity to play a key role in the global pharmaceutical landscape and achieves great breakthroughs in innovation and supply chain resilience.

Keeping tabs on this market, India Pharma Outlook has shortlisted the select few companies that have exhibited an unrelenting pursuit of excellence. By proving their dedication to fulfilling customer expectations and contributing to the market’s evolution through their innovative disposition, these firms are blazing a trail.

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