The pharmaceutical industry is vital to the health and wellbeing of people around the world. It is responsible for researching, developing and manufacturing life-saving and life-changing medicines. The Indian pharmaceutical industry is currently valued at $49 billion and is expected to grow to $130 billion by 2030 (Source: Indian Pharmaceutical Alliance (IPA) Secretary General, Sudarshan Jain). This makes it one of the most high-demand industries in the world. India has provided pharmaceutical products to over 200 countries and will continue to do so in the future.
It is the pharmaceutical sector that is the second-largest consumer of white oil. There are many uses of white oil, including laxative jellies, pomades, balms, creams, capsule lubricants, pelletizing aids, ointment bases, vaccines, and more.
The Indian market is the world’s largest supplier of generic drugs, supplying 40% of what Americans and 30% of what the British demand for generic drugs. A chain of around 10,500 companies manufacture domestic drugs.
