The pharmaceutical industry in India ranks 3rd in the world terms of volume and 14th in terms of value.  economic liberalization in 90s by the former Prime Minister P.V. Narasimha Rao and the then Finance Minister, Dr. Manmohan Singh enabled the industry to become what it is today. This patent act removed composition patents from food and drugs, and though it kept process patents, these were shortened to a period of five to seven years.

Indian pharma industry is mainly operated as well as controlled by dominant foreign companies having subsidiaries in India due to availability of cheap labor in India at low cost. Due to this, the amount of Foreign Direct Investment is paramount and the same increases the stringency in regulations.

Our team at KVA who have had extensive exposure to pharma industries both directly and indirectly, helps pharma industries navigate through these rules on the journey to growth.