Indian Pharmaceutical Industry | DEZIN
Indian
Pharmaceutical Industry | DEZIN
A
proactive approach to life science and the provision of high-quality healthcare
is essential in today’s world. You must work with Dezin company to develop your
professionals as better leaders if you want to prosper in the indian
pharmaceutical industry. We provide improved leadership programmes that assist
people match their ambitions with the company's objectives based on the
organisational structure of the firms.
INDIAN PHARMACEUTICAL INDUSTRY EVOLUTION; HIGH
DEMAND FOR BETTER LEADERS
Indian pharmaceutical industry has
undergone significant reform in the last few years. The technological advances,
the pandemic, and the overall revamping of the healthcare landscape have
created a new surge in the industry- to evolve and do better. Quality
leadership is integral to navigating the changing landscape, and the right time
to start working on your leadership creed is now.
Quality leadership is the key to sustainable existence in the pharmaceutical
industry in India. With advanced leadership
development programs, a pharma company can hone its human assets and tap into
the opportunities knocking on the doors. As per research by McKinsey, 30
percent of the leaders from top pharmaceutical companies across the world have
participated in one or more leadership programs post-pandemic.
Indian pharmaceutical industry: where is the
road headed to
The need for quality healthcare and a proactive approach to life science
is critical. The industry is changing in terms of innovation of new drugs,
rising competition as well as the quality of people joining the industry to
explore their chances. If you want your organization to succeed and have
quality talent, you must work on their skills and make them better leaders.
So, what are the major changes that the industry has undergone or is
expecting:
Global recognition
Indian
pharmaceutical industry is gaining
global recognition. Although it has been a major contributor to the global
medical industry, the Atmanirbhar campaign, and further established it as a
manufacturer of quality medicines with heavily unexplored potential.
·
India provides for more
than 60% of the global demand for different vaccines as well as ARV drug
supplies.
·
It handles more than 30%
of the total medicine supply of UNICEF across the globe.
·
Over 60-80% of the UN
total medicine sales is provided by India.
·
Indian medicines are also
registered under the WHO’s pre-qualified list- 57% of APIs and 69% of FPP
(Finished Pharma Products)
New government initiatives
There are several government policies and acts that work in the favor of
the pharma industry in India. The Patent Act 1970, The Drug Policy 1978,
Hatch-Waxman Act 1984, and the 1991 Economic Reform are to name a few. The
latest schemes launched by the government including the Production Linked
Incentive (PLI) Scheme and the scheme on Promotion of Bulk Drug Parks have
further promoted the Indian pharma capabilities and established India in the
list of top leaders.
Indian pharmaceutical industry demands better
leadership
As the industry continues to emerge, the need for quality leadership has
become the key to sustainability and profitability. As great leaders, employees
would enhance their careers while contributing to the success of your
organization.
A true leader would help with an overall organizational reform,
establishing the company in alignment with the globally evolving industry
parameters. With the increase in functional and organizational capabilities,
organizations would be able to induce overall development and thus gain
profitability.
A credible leadership coaching agency offers enhanced leadership
programs as per the structure of the companies which help them align their
goals with the company’s objectives.
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