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Ladies and gentleman, I am really overwhelmed addressing
such a galaxy of academicians that includes
Vice-Chancellors, Directors, Professors and other
distinguish teachers from all over the country who have
come from long distances to this historical town of
Jodhpur which has also become a centre of advanced
education. I will begin here from the day in 1947 I went
into the market, after obtaining the M.Pharm degree from
the Banaras Hindu University. India was to become
independent in two months time and the whole country was
wondering, speculating and times convulsing with
oncoming partition into India and Pakistan.
Pharmaceutically, India at the time of partition was a
very poorly developed area in the world and India
manufactured only Rs.1 crore worth medicines in a year
and imported Rs.90 crores worth from other countries
primarily from the UK and Germany. It might not surprise
you to know that India today manufactures medicines
worth Rs.79,000 crores and consumes only Rs.39,000
crores worth and in this year of 2009 it will be
exporting medicines worth more than Rs.40,000 crores.
This means India has now become a very significant
manufacturer and exporter of medicines from this year
and it has acquired a global status in pharmaceutical
industry. In terms of dollars, the total global
production of pharmaceuticals is worth $610 billion and
India’s share is only $16 billion which makes it only
about 2.5% in terms of value but medicines being very
low priced in India, in terms of volume India’s share
comes to about 16% of the global output and in this
regard India now is third only after the USA and the EU.
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