The world has known about branded medicines in recent years that help in the diagnosis of many ailments, diseases, and infections. These medicines work very well for the patients but may cost a lot. With the different sections in our society, it may get difficult for the lower groups to get hold of such branded medicines. For this reason, generic medicines from India are widely circulated in the local market, allowing the common man to enjoy the benefits of branded drugs at affordable prices.
Do check below for the different reasons for India to export generic medicines to the outside world.
Diverse reasons to manufacture generic medicines from India
Several reasons can be cited to supply generic medicines from India to the rest of the world. A few major reasons are articulated below for the readers.
1. High-Quality Manufacturing Standards
One of the main reasons to opt for generic medicines from India is due to its international certifications. India adheres to international certifications like WHO-GMP, US FDA, EU-GMP, etc., which are followed by top-tier countries in the world. These Indian generic medicines are mainly manufactured from plant sources available in India and other places. Such Indian plants are audited and approved by global regulatory bodies that trade medicines in the world.
2. Affordable Pricing Without Compromising Quality
Another reason to opt for generic medicines from India is its affordable pricing structure. There are many Indian pharma company that produce cost-effective medicines thanks to large-scale manufacturing and local raw materials. According to reports, more than 3,000 Indian pharma companies have over 10,000 medicine manufacturing plants in India. Such generic medicines manufactured in India are essential for developing countries with limited healthcare budgets.
3. Strong Generic Drug Ecosystem
India is the largest supplier of generic drugs globally and possesses a strong generic drug ecosystem. With numerous manufacturing plants and thousands of Indian pharmaceutical companies, India is gaining a reputation for their extensive hard work and credibility. The Indian pharmaceutical companies are also skilled in developing bioequivalent alternatives to branded medicines post-patent expiry with reasonable pricing.
4. Wide Therapeutic Range & Product Availability
The generic medicines from India are available at a relatively increasing rate and have high therapeutic usage. Several generic medicines can be checked in India that offer medicines across cardiology, oncology, anti-infectives, and more. Moreover, cancer constraint medicine alternatives in the generic medicine business can also be purchased from medical halls nearby. These generic medicines can cater to a broad range of medical needs from a single source.
5. Robust Regulatory Compliance & Documentation
Indian pharma companies are well-versed in preparing COA, COPP, COO, MSDS, and other compliance documents needed for global trade. This helps them with a robust regulatory compliance supported by different medical institutions from across the world. All documentations are cleared and covered without any denials, and this makes the sourcing process smoother for international buyers.
6. Efficient Global Supply Chain & Logistics
India has well-established pharma logistics hubs across different Indian states like Hyderabad, Mumbai, and Ahmedabad. These hubs have a great workforce to manufacture generic medicines with an efficient supply chain with logistic services. The export-ready infrastructure ensures timely, temperature-controlled shipments and also caters to the international market on a timely basis. Many pharma companies have their own logistics services, helping in the cost-cutting of the medicine value.
7. Global Trust & Long-Term Partnerships
The Indian medicine market is a trusted one when it comes to generic medicine manufacture and delivery. Decades of supplying medicines to over 200 countries have built India’s reputation as a trusted pharma partner. Countries such as Nigeria, Burundi, South Sudan, and Ethiopia depend on Indian generic medicines for their medical conditions. Many global health programs, like the WHO and UNICEF, rely on Indian medicines.
Final Words
Therefore, to wrap up, these are the top diverse reasons to manufacture and export generic medicines from India all over the world! These generic medicines from India are cheaper than the branded ones and offer the same composition. Generic medicines from India help in the proper cure of the conditions while offering reduced rates compared to branded ones.
