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Posts Tagged ‘Indian Tourism’

The Growth of the Indian Pharmaceutical Industry

Monday, July 12th, 2010

The pharmaceutical business in India is booming because of several reasons. Firstly, the affordability of the products plays an important role in improving the conditions of the Indian pharmaceutical industry. Secondly, India boasts of a workforce that matches those of the top pharmaceutical businesses in the world. Finally, the development and competency level of technology in India is on a considerable rise. Due to all of this, the Indian pharmaceutical industry is growing at the rate of CAGR 13.7%.

Evidence of this is the fact that India is predicted to enter the big league of the top 10 pharmaceutical markets in the world. Currently, India ranks 14th in terms of value and 3rd in terms of volume. It is obvious then, that the Indian pharmaceutical industry is a contributor to the country’s growth and development. As India offers a perfect combination of skills, technology and economy, many foreign companies have started outsourcing their manufacturing departments to India. Also, some Indian companies have joined hands with MNCs for research and development (R & D) in projects like cancer, AIDS, etc. India’s IT sector plays a pivotal role in enticing MNCs to outsource research and drug discovery contracts.

This road to success was led by the system of product patents introduced on 1st January, 2005. Due to this, India has become a worldwide exporter of high quality generic drugs. India exports to 65 countries with US as its biggest market. According to the National Pharmaceuticals Policy for 2006, the industry’s export was worth US 3.75 billion dollars and growing at a compound annual rate of 22.7%.

In spite of this success story, the Indian pharmaceutical business has room for improvement. To utilise their capacity to the fullest, the India pharmaceutical industry is seeking untapped global as well as local markets. In India, one of the goals of the Indian pharmaceutical industry is to make drugs easily accessible in the local markets. Also, the demand for sophisticated and innovative medicines has increased as the common man lives the western lifestyle. The Indian pharmaceutical industry needs to make more investments in R & D and distribution. Quality wise India is still not up to the international standards. For India to become a top player in the global pharmaceutical business, the government of India needs to support foreign investments in pharmaceuticals and biotechnology. Also, biotechnology in India is yet to reach its true potential but it’s definitely on its way with the growing importance of vaccines ad bio-services.

However, with talented human resource, advanced technology, low-cost products and mergers & acquisitions with MNCs, the pharmaceutical business in India holds the promise of being one of the top pharmaceutical industries in the world.

Indian Travel Tourism

Wednesday, January 9th, 2008

The world’s leading travel and Tourism Journal, “Conde Nast Traveler”, ranked India amongst top 4 preferred holiday destinations in the world! There are number of factors responsible for the growth of Indian tourism at global level. India is a peaceful country without any political disturbance except for few destinations where a tourist is required to get special permission from local authority to enter into that area. The country has a federal structure with elected Governments in States. There are 28 states and 7 Union Territories administered directly by the Central Government. There is healthy competition of Tour Packages among all the states to attract the tourists from all over the world for speedy economic growth and employment generation. Not only this Ministry of Tourism and Culture has recently launched a campaign called “Incredible India!” in order to encourage different types of tourism in India.

Types of Indian Tourism All types of tourism in India projecting India as the ultimate tourist spot. The reason why India has been doing well in all types of tourism is that India is a multilingual, multicultural and multireligious with tremendous geographical diversity, hospitality, uniqueness and charm. The different types of Tourism in India are as follows:

Religious or Pilgrimage Tourism India is famous for its temples and that is the reason that among the different kinds of tourism in India, pilgrimage tourism is increasing most rapidly. Narayan Sarovar, Sudamas Porbandar, Kabirvad Shuklatirth, Kayavarohan, Bhadrakali, Haridwar, Badrinath, Kedarnath, Varanasi, Gangotri and Yamunotri, Rishikesh, Shamlaji, Bodh Gaya, Ajmer, are important pilgrimage destinations which have kept alive the religious sentiments of the people where lakhs of pilgrims from all over the world make their religious tourism every year.

Archaeological Tourism There are a number of places of archaeological importance which can be broadly classified as Stone Age, Indus Valley, Neolithic-Chalcolithic, Megalithic-Early Historic and Late Historic periods. Famous archaeological sites of the Stone Age are abound in Peninsular India, more prominently at Pallavaram in Tamil Nadu, Hunsgi in Karnataka, Kuliana in Orissa, Didwana in Rajasthan, and Bhimbetka in Madhya Pradesh. The sites of Neolithic-Chalcolithic Age are Inamgaon, Walki, Navdatoli, Ahar, Balathal, Gilund, Budhihal, Sangankalur, Maski, Brahmagiri, Utnur, Golbai, Pandu-Rajar-Dhibi, Chirand and Burzoham etc. Famous sites of Indus Valley Civilisation are Indus and Ghaggar river valleys, Kutch and Saurashtra, Dholavira, Kalibangan, Lothal, Surkotda and Rakhigari. Famous sites of Megalithic Phase are Brahmagiri, Maski and Rajan Kalur, Bhagimari, Gadabas etc. Excavations at Kosambi, Saranath, Hastinapura, Vaishali, Rajgir and Bodh Gaya, Chandraketugarh, Sisupalgarh etc. have revealed fortified cities dating back to this period. Famous sites of Buddhist Phase are Sanchi, Saranath, Ajanta, Kaneheri, Amravati, Sanati and Lalitgiri. Sites of Jainism Phase are Khandagiri-Udayagiri, Mathura. Some Islamic Archaeological sites are Delhi, Agra, Lucknow, Hyderabad, northern Karnataka, Aurangabad, and Bhopal.