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India’s core competitive advantage in R&D in the biopharma sector: the impetus for outsourcing

Abstract:

India has several inherent advantages in the biopharma outsourcing industry. This chapter discusses India’s cost efficiencies, its resource and manpower advantages and the role of the government in facilitating the growth of the biopharma industry. India is highly cost efficient in every sphere, whether in regard to labour, manufacturing of products or the setting up of plants. Manpower in the industry is also highly skilled and innovative. The government has understood the importance of the biopharma industry and has introduced several initiatives as well as collaborations with foreign institutions to bolster the industry, which are discussed ...

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