778-Som-Lalit Institute Of Business Management - Gujarat ...

778-Som-Lalit Institute Of Business Management - Gujarat ... 778-Som-Lalit Institute Of Business Management - Gujarat ...

29.12.2013 Views

• The strength in chemistry skill helps Indian companies to build up methods processes, which are more cost efficient. Weaknesses: 1) Low Indian share in world pharmaceutical market: • Indian pharmaceutical market is one of the least penetrated in the world. • However, growth has been slow to come by. • Due to this, Indian pharmaceutical giants are depending on exports for expansion. • To put things in a nutshell, India has almost 16 % of the world population while the total size of industry is just 2 per cent of the global pharmaceutical industry • India‘s share in world pharmaceutical market is very low, around 2% • There is dominance of countries like US, UK in international market. 2) Manufacturing of duplicate drugs: • Production of duplicate drugs can also pose a problem 3) Tough competition from US and UK: • We will have to face a tough competition from US, UK etc from where Qatar imports most of its pharmaceutical requirements. 4) Lack of resources: • India lacks in resources to contend with MNCs for novel Drug Discovery Research and to commercialize molecules on a global basis 5) Production of low cost drugs: • Production of spurious and low cost drugs tarnishes the image of the industry at home and abroad 6) Low investment in R & D: 16 | P a g e

• There is low investment in innovative R & D among Indian companies as compared to foreign companies 7) Bad brand image: • Bad brand image of Indian Pharmaceutical merchandise in the USA, United Kingdom & other western countries which is obstructing exports. 8) Low level of Biotechnology: • Indian companies face hindrance in terms of very low level of Biotechnology in India and also for New Drug Discovery Systems 9) Lack of experience: • India lacks experience in International Trade in this sector 10) Lack of product patent: • Indian pharmaceutical sector has been blemished by be short of of product patent • This prevents global pharmaceutical companies to initiate new drugs in the country and discourages novelty and drug discovery. • But this has provided an upper hand to the Indian pharmaceutical companies. Opportunities: 1) The Government of Qatar will continue to maintain high levels of capital spending: • The Government of Qatar will carry on upholding high levels of capital expenditure on education and health. • The government plans to invest $9.9 billion in these sectors in the 2012/2013 fiscal year, accounting for 15% of its 2010/2011 fiscal budget. 17 | P a g e

• The strength in chemistry skill helps Indian companies to build up methods<br />

processes, which are more cost efficient.<br />

Weaknesses:<br />

1) Low Indian share in world pharmaceutical market:<br />

• Indian pharmaceutical market is one of the least penetrated in the world.<br />

• However, growth has been slow to come by.<br />

• Due to this, Indian pharmaceutical giants are depending on exports for<br />

expansion.<br />

• To put things in a nutshell, India has almost 16 % of the world population<br />

while the total size of industry is just 2 per cent of the global pharmaceutical<br />

industry<br />

• India‘s share in world pharmaceutical market is very low, around 2%<br />

• There is dominance of countries like US, UK in international market.<br />

2) Manufacturing of duplicate drugs:<br />

• Production of duplicate drugs can also pose a problem<br />

3) Tough competition from US and UK:<br />

• We will have to face a tough competition from US, UK etc from where Qatar<br />

imports most of its pharmaceutical requirements.<br />

4) Lack of resources:<br />

• India lacks in resources to contend with MNCs for novel Drug Discovery<br />

Research and to commercialize molecules on a global basis<br />

5) Production of low cost drugs:<br />

• Production of spurious and low cost drugs tarnishes the image of the industry<br />

at home and abroad<br />

6) Low investment in R & D:<br />

16 | P a g e

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