By 2030, India’s pharmaceutical industry is aiming at doubling its global market share (by value) from the current 3.6 percent to about 7 percent. India’s pharmaceutical exports rose 11 per cent to $19.2 billion in 2018-19, mainly driven by higher demand in regions such as North America and Europe, as per recent data published by the Commerce Ministry. The pharma exports in 2017-18 stood at $17.3 billion and $16.7 billion in the previous fiscal. The country is now looking at tapping uncharted territories like China and Japan, developing technology platforms and next-gen APIs.
As the country gets ready to become a global hub for pharmaceuticals, massive investments are going into cold chain and logistics. On the other hand, pharma companies are seeing massively increased pressures on KPIs and supply chain stability due to changing delivery models and physical and digital threats. The stakes are too high, and there is now absolutely no room for error in the temperature controlled supply chain and logistics. Every stakeholder within the supply chain, both senior and junior, is stepping up its game to deliver patient-centric and cost-effective services.
Historically, the pharmaceutical industry was never a big consumer of cold chain logistics. This was because a majority of drugs did not need to be stored or transported in ambient temperatures. But ever since large molecule biologics and personalised medicines have been introduced, the pharmaceutical supply chain is constantly demanding newer technologies and better products for transportation as these require both temperature and time-controlled distribution.
Denne historien er fra September - October 2019-utgaven av Indian Transport & Logistics News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September - October 2019-utgaven av Indian Transport & Logistics News.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
IndoSpace to invest ₹4500 cr in Tamil Nadu over next three years
IndoSpace announced plans to increase its investments up to ₹4,500 crore in new logistics and warehouse parks in Tamil Nadu.
TVS ILP to invest ₹200 crore to build grade-A logistics park in Indore
TVS Industrial & Logistics Parks (TVS ILP) has announced its entry into the Indore market by acquiring 20 acres of land in Pithampur Sector 7 from the Madhya Pradesh Industrial Development Corporation (MPIDC).
KSH opens new 40,000 sq ft multi-client warehouse in Bangalore
KSH Integrated Logistics announced the expansion of its warehousing operations in Bommasandra, Bangalore with a multiclient warehousing facility spreading across 40.000 sq ft.
TATA-Airbus opens the C295 aircraft manufacturing facility in India
In a major boost to India’s defence and aviation industries, in October 2024 Indian Prime Minister Narendra Modi and Spanish Prime Minister Pedro Sanchez jointly inaugurated the TATA Aircraft Complex in Vadodara, Gujarat, where the Airbus C295 aircraft will be manufactured.
FedEx partners with Invest India to support One District One Product
FedEx announced its collaboration with Invest India to support the Government of India’s One District One Product (ODOP) initiative and aim to boost the growth of Indian small businesses by providing them with access to global markets, capacity building, and branding opportunities.
UPS launches tempcontrolled pharma facility in Hyderabad
UPS has launched its specialised healthcare focused cross-docking facility in Hyderabad.
SeaLead's ANIDEA service to connect Asia, India & East Africa
SeaLead has announced the launch of its revamped ANIDEA(Asia and India, East Africa) service, connecting the Far East, West India, and East Africa.
JSW Infrastructure to develop Murbe Port near Vadhvan
The Maharashtra Maritime Board (MMB) has granted a letter of intent to JSW Infrastructure to develop a multipurpose port at Murbe in Palghar on public-private partnership (PPP).
Adani Ports H1FY2025 net profit up 42% at ₹5,520cr
Adani Ports reported a 42 percent increase in net profit at ₹5,520 crore for the first half of the financial year 2024-25 compared to ₹3,381 crore in the same period last year.
Sustainable supply chains From emissions to efficiency in India
India's logistics sector is rapidly adopting sustainability measures to cut emissions and enhance efficiency, aligning with the country's pledge to reduce emissions intensity by 45% by 2030.