Macleods pharmaceutical Ltd walk-in on 19th May 2024 for executive/ sr executive/ officer/ sr. Officer
The pharmaceutical industry in India was valued at an estimated US$42 billion in 2021 and is estimated to reach $130 billion by 2030. India is the world’s largest provider of generic medicines by volume, with a 20% share of total global pharmaceutical exports. It is also the largest vaccine supplier in the world by volume, accounting for more than 60% of all vaccines manufactured in the world. Indian pharmaceutical products are exported to various regulated markets including the US, UK, European Union and Canada. According to Economic Survey 2023, the turnover in the domestic pharmaceutical market was estimated to be $41 billion. India’s pharmaceutical exports revenue was $25.3 billion in fiscal year 2022–23, according to the data released by Pharmexcil. India ranked third globally in terms of dollar value of drugs and medicines exports.Major pharmaceutical hubs in India are (anticlockwise from northwest): Vadodara, Ahmedabad, Ankleshwar, Vapi, Baddi, Sikkim, Kolkata, Visakhapatnam, Hyderabad, Bangalore, Chennai, Margao, Navi Mumbai, Mumbai, Pune, Aurangabad, Pithampur, and Paonta Sahib.As of 2023, the Indian pharmaceutical industry is the world’s 13th largest by value and third largest in the world by volume. The industry produces over 60,000 generic drugs in different 60 therapeutic categories. India’s revenue from pharmaceutical exports was $25.3 billion in the 2022-2023 financial year. In terms of the global market, India currently holds an accountable share and is known as the pharmacy of the world. The country is the largest global supplier of generic medicine. India produces more than 50% the world’s vaccines. It supplies 40% of the US’s demand for generic drugs. India gained its foothold on the global scene with its innovatively-engineered generic drugs and active pharmaceutical ingredients (API), The country accounts for around 30% (by volume) and about 10% (value) in the US$70–80 billion US generics market. Growth in other fields notwithstanding, generics are still a large part of the picture. The Indian pharmaceutical industry supplies over 50 per cent of global demand for various vaccines, 40 per cent of generic demand in the US and 25 per cent of all medicine in the UK. India is the largest contributor in UNESC with over 50-60% share.
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Vacancy details –
Department – quality control
Positions – executive/ sr executive/ officer/ sr officer
Qualification – B pharm in pharmacy/ MS/ M.sc ( science) in biotechnology, chemistry, m pharm in pharmacy
Experience – 3 to 12 years of experience
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The Indian government established the Department of Biotechnology in 1986 under the Ministry of Science and Technology. Since then, there have been a number of dispensations offered by both the central government and various states to encourage the growth of the industry. India’s science minister launched a program that provides tax incentives and grants for biotech start-ups and firms seeking to expand and establishes the Biotechnology Parks Society of India to support ten biotech parks by 2010. Previously limited to rodents, animal testing was expanded to include large animals as part of the minister’s initiative. States have started to vie with one another for biotech business, and they are offering such goodies as exemption from VAT and other fees, financial assistance with patents and subsidies on everything ranging from investment to land to utilities.The Government started to encourage the growth of drug manufacturing by Indian companies in the early 1960s, and with the Patents Act in 1970. The government has addressed the problem of educated but unqualified candidates in its Draft National Biotech Development Strategy. This plan included a proposal to create a National Task Force that will work with the biotech industry to revise the curriculum for undergraduate and graduate study in life sciences and biotechnology. The government’s strategy also stated intentions to increase the number of PhD Fellowships awarded by the Department of Biotechnology to 200 per year. These human resources will be further leveraged with a “Bio-Edu-Grid” that will knit together the resources of the academic and scientific industrial communities, much as they are in the US.The biotechnology sector faces some major challenges in its quest for growth. Chief among them is a lack of funding, particularly for firms that are just starting out. The most likely sources of funds are government grants and venture capital, which is a relatively young industry in India.
Important details –
Location – Indore
Selection process – The selection will be on the basis of interview
Mode of interview – Face to face
Interview rounds of interview – HR
Walk-in interview details –
Date – 19th May 2024 Sunday
Time – 9:00 Am onwards
Venue – Macleods pharmaceutical Ltd, plot no M- 50 to M- 54A , Indore SEZ, phase ii, district- Dhar, pithampur, 454774
Note –
Please walk-in with your updated CV, salary structure ( CTC breakup) & Adhar card
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