The Importance of Contract Manufacturing in India’s Pharmaceutical Industry
Contract manufacturing, or third-party manufacturing, involves outsourcing production to external manufacturers and is prevalent in India due to its cost-effective and high-quality production solutions. Key features include cost savings, focus on core competencies, scalability, and regulatory compliance. Pharmaceutical brands must ensure they select licensed manufacturers, conduct regular audits, maintain transparency, and prioritize quality over cost to uphold industry standards. This approach reinforces India’s reputation as a global leader in pharmaceutical manufacturing.