Chemicals such as agro, petro, leather paint, rubber etc. and pharmaceuticals are the latest growing business fields in India with plenty of growing expectations in terms of an illustration, we all know, Food additives: were nothing before 1970 and recently it is now so large that almost 95% of our own needs for drugs are fulfilled and they are created in our country itself, so that it is cheaper for your common men and women to buy. Simultaneously, this stands correct for your chemical industry also. It once ran on 100% foreign investment that is now reduced to 49%, so you know that the chemical and pharmaceutical sector is booming with possibilities to create the change within the economy of India.
It is growing industry in India as India has some especially skilled worker, cost beneficial chemical synthesis for many different Fine chemical products information in addition to democratic setup with solid legal framework to back up the inventions and low priced labour and also Indian world-class education framework help manufacturers to produce business as well as encourage export in these fields. Chemical and pharmaceutical market has increased together with the free trade policies and manufacturers can face the process of competition with special bioinformatics methods of which field India is starting to become to make problems for the multinationals.
But always the way will not be exactly like the foreign countries creating objections to bring across the competition inside the foreign market questioning regarding the generic and substandard qualities as well as creating symptom in transportation from the goods. With backward patient policies India is facing the problem inside the chemical and pharmaceutical sector by losing almost all of their patents but at the same time it is good how the old devupky35 policies are changing along with the government is backing strongly with best legal aids to battle with western world over the patent issue.
The chemical and pharmaceutical market is booming with new possibilities as new talented scientists making new inventions to create the life of common people easier but one have to take the proper care of Taurine suppliers it with affordable so that the common people can use it,otherwise multinational companies are usually knocking with the door to exchange your local variety with all the effective and cheaper one,with this we have to attract new technologies and install affordable automation to bring on the market price but we must not compromise on the standard of the items. Let us hope for the best and as well prepare for the worst to produce India proud from the chemical and pharmaceutical business field.