Top 10 Generic Medicine Manufacturers in India

Another issue is with the counterfeit medicines sellers who operate at the retail level and procure the substandard medicines from dubious suppliers. Also, many fraud chemist shops sell the counterfeit drugs illegally using the name of a pharmaceutical company that remains completely unaware of the incident. While fighting this issue is beyond the scope of a pharma company, it is very important that it is stopped immediately since it ruins the reputation of that particular pharma company. The current market size of the medical devices sector in India is estimated to be US$ 11 billion and its share in the global medical device market is estimated to be 1.5%.

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For a generic manufacturer, no such investment is required — not in development and not in marketing. The medicine’s formula is known, the clinical trials are complete; the generic maker’s only requirement is to demonstrate to regulators that its version is as good and effective in humans as the original. According to a recent EY FICCI report, there has been a growing consensus over providing new innovative therapies to patients. Indian pharmaceutical market is estimated to touch US$ 130 billion in value by the end of 2030.

Different colors and flavors of generic drugs

India supplied around 45 tonnes and 400 million tablets of hydroxychloroquine to around 114 countries globally. The Indian pharmaceutical industry has seen a massive expansion over the last few years and is expected to reach about 13% of the size of the global pharma market while enhancing its quality, affordability, and innovation. You are not alone if you worry that generic medications are less expensive and could have lower quality. The regulator strives to make generic medications as secure and efficient as brand-name medications.

How is the quality, safety and efficacy of medicines ensured?

• Since brand-name medicine development and marketing expenses are not included in the product price, generic medications are less expensive.
• Given the numberof people getting diseased with different kinds of chronic and lethal ailmentsand the rising cost of medicines, people all over the world carry a hugeeconomic burden since a good amount of money is being spent on healthcare.
• Another issue is with the counterfeit medicines sellers who operate at the retail level and procure the substandard medicines from dubious suppliers.
• Indian pharmaceutical market is estimated to touch US$ 130 billion in value by the end of 2030.
• India also stands as the largest provider of generic drugs worldwide, with pharmaceutical exports surpassing $25 billion in the fiscal year 2023.
• Akums has been honored with the prestigious award for “Most Trusted Pharmaceuticals Brand – Delhi,” recognizing its commitment to quality, innovation, and customer trust.

Over 50% of Africa’s requirement for generics, nearly 40% of generic demand in the US and  approximately 25% of all medicine in the UK is supplied by India. Consumers can find their products at major retailers, as well as locally owned and operated pharmacies. The Indian Pharmaceutical space is witnessing a storm of new start-ups, not only for cash flow opportunities the sector offers but also championing the cause of making medicines affordable for the needy.

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The petitioner also cites a recent Supreme Court judgment that raised concerns about the manipulation of prescriptions for personal gain, such as receiving gifts and incentives from pharmaceutical companies. Such practices can drive up drug costs, affecting the public negatively by creating a ‘perpetual publicly injurious cycle’. But, the lack of a robust system to enforce these regulations through disciplinary proceedings, surprise checks of prescriptions, and regular prescription audits has hindered their practical implementation, leaving them confined to legal frameworks. In addition to the price factor, the PIL stresses the urgent need for effective enforcement mechanisms. The petitioner contends that the existing regulations, such as the Indian Medical Council (Professional Conduct, Etiquette, and Ethics) Regulations, 2002, emphasise the importance of prescribing drugs using their generic names. Legalizing generic medications lowers costs and increases access to inexpensive medication for more individuals.

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The beginning is with one disease and one leads to another, medicines and dosages increase and so does the cost. Following this, the Union Ministry of Health informed that though a generic prescription is a must, brand names can be mentioned in parentheses. But, this again deviated from prescribing generic names with an intent to exclude branded names from prescriptions. A few years ago, while inaugurating a private hospital in Rajasthan, Prime Minister Narendra Modi announced that prescribing medicines in generic names shall be mandatory for all medical practitioners. As Director, he continues to lead Zota Healthcare with a commitment to innovation and excellence, driving the company toward sustained success.

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This launch highlights Akums’ commitment to addressing the needs of those suffering from chronic migraines. We appreciate entire Akums team for their transparency, commitment and quality products manufacturing. The amount to which the two medications would be absorbed into your body differs not noticeably.

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For Indian generic manufacturers to remain competitive in the cost-sensitive US market, they will need to address internal inefficiencies. “Misaligned raw material (RM) and packaging material (PM) inventories often result in incomplete production kits and manufacturing delays,” Datta said. Bottlenecks in production and lengthy turnaround times in quality control (QC) testing also worsen the situation. “Real-time demand forecasting and automation can help optimise RM and PM inventories, while advanced QC techniques can reduce delays,” he said.

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Similarly, Generic Aadhaar is aiming to bring a new ecosystem to the old-decade pharma world. One-third of medicines are exported from India to the rest of the world and still, the people here in the country cannot get the benefits. Considering the equation, Generic Aadhaar has come forward to curb the illicit trade in life-saving drugs and provide low-cost drugs to the people. Dawaa Dost claims to enable per cent savings on every Indian’s medicine bills by providing high-quality medicines from the most respected pharma companies at the right price.

Does every branded drug have a generic counterpart?

There are plenty of generic medical stores online where you can get popular generic drugs. Dr. Arunish Chawla, Secretary; Dept. of Pharmaceuticals gave a detailed presentation sofosbuvir price in vietnam on the PLI scheme of the Union Government. He said that the drug and pharmaceutical industry in India witnessed a 12% compound annual growth rate (CAGR) in the last 10 years.

List of Top 10 Generic Medicine Manufacturers in India

Tradeindia helps us to make our presence on top search engines and also provides us good numbers of business leads and inquiries, which helps us to grow our sales. Alembic is a multi-product, multi-location enterprise working with some of the biggest pharmaceutical companies in the world to deliver a variety of complex chemistries. In the short term, that is expected to benefit larger global competitors, such as Teva Pharmaceutical Industries Ltd , Actavis Plc and Mylan Inc., which will be called upon to supply drugs no longer available from some of their rivals in India, they said.

You should only assume a drug is the same by looking at it; making a decision requires knowing the active ingredient composition. “The Government of India must take immediate steps to revise the customs duties on the Harmonised System (HS) codes listed by the Department of Pharmaceuticals, where excess manufacturing capacity exists in India. Otherwise, we may face the paradox of being pushed out of our own home market while attempting to enter higher-value export markets,” he said. Shri Rajesh Kumar Singh, Secretary, Dept. for Promotion of Industry and Internal Trade noted that Union Government approached the COVID-19 pandemic with a mindset to turn the crisis into an opportunity.

As you may be aware, the European Union’s General Data Protection Regulation (“GDPR”) goes into effect on May 25, 2018. As MarketSmith India processes your personal data as a data controller, we feel it is important to explain how your information will be processed, how it will be shared, how it will be protected, and your rights under the GDPR. Please review these documents carefully before you start or continue to use our Services. We wholeheartedly appreciate the enthusiasm and ability of Akums Drugs and Pharmaceuticals ltd by supporting Lupin through the timely delivery of products that significantly and positively affect our business. The Jan Aushadhi website has more guidelines on how to open a generic medicine shop.

• He addresses the lack of awareness about alcohol content and absence of guidelines, and suggests promoting awareness and implementing effective taxation policies to promote responsible drinking.
• In this regard the sector has seen a lot of investments and developments in the recent past.
• Except for composition patents for foods and medicines, the Patents Act covered the process patent, which was shortened to five to seven years.
• “Every registered medical practitioner should prescribe drugs using generic names written legibly and prescribe drugs rationally, avoiding unnecessary medications and irrational fixed-dose combination tablets.”
• Every business organization looking for steady growth should register themselves with GetDistributors.
• They contain the same active ingredients as brand-name medicines but may have different inactive ingredients, different dosages, and different labelling.
• 50% of people prefer to purchase generic over branded medicines while 47.8% believe branded drugs are more effective than generic.

The speed of innovations in the post-COVID era is observed to be much faster, and covers various un-chartered arena. ‘Big data and analytics’ is poised to play a big role, while technology is seen to drive the newer advancements in the sector. Drug re-purposing is another innovation that will underpin a shift in the pharmaceutical market.

• Pfizer also offers advanced therapies in inflammation and immunology, catering to patients with chronic immune system diseases such as juvenile idiopathic arthritis, ankylosing spondylitis, rheumatoid arthritis, ulcerative colitis and psoriasis.
• Without any difference, the generic drug is the same in potency, dose, and method of intake, quality, and implications and works the same as the branded medicine.
• As the medicine’s patent expires, more pharmaceutical companies apply to get approval to sell the generic drug.
• For instance, in the 2022 ranking by Generic Bulletin, the top slots are occupied by Sandoz (with a turnover $9. 63 billion), Teva of Israel ($8.98 billion), Pfizer ($8 billion) and Viatris of the US ($6.97 billion).
• Generic medications, specialty medications, and biologic products are developed, produced, and distributed by Teva Pharma in North America, Europe, and other countries.

The availability of more drugs at lower costs to those who need them is why generic medications are permitted. “There is an excellent window of opportunity for Indian medical device manufacturers to exploit the market potential in the United States, now that the issue of lower Chinese product prices is no longer a concern. Indian manufacturers should focus on quality and capacity creation for the quick turnaround execution of orders from the United States,” said Rajiv Nath, Forum Coordinator, Association of Indian Medical Device Industry (AiMeD). Investment of around Rs. 875 crores have already been grounded towards capacity creation under the scheme. While India has excelled in formulations, there has been import dependence for certain critical bulk drugs, the vulnerability of which was acutely felt at the time of COVID -19 pandemic.

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Lack of access to good quality and affordable medicines has been a major challenge plaguing Indian healthcare pushing 3% of Indians into poverty every year. In a bid to tackle the issue, ‘Dawaa Dost’, an omnichannel pharmacy chain, came into being in 2018, with an aim to provide high-quality, right-priced affordable medicines in the form of branded generics to over one billion Indians. Besides physical stores, Medkart helps customers buy generic medicines online in India through its iOS and Android apps.

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For example, Clause 1.5 of the regulations requires physicians to prescribe drugs using their generic names, preferably in capital letters. Similarly, to discourage doctors from pursuing profits, Clause 6.3 places a prohibition. A physician is not allowed to run an ‘open shop’ where medicines prescribed by other doctors are sold, or where medical equipment is sold. It is acceptable for a doctor to prescribe or supply medications, remedies, and appliances, as long as patients are not exploited.

Additionally, the company provides multivitamins, antibiotics, eye drops and cough syrups to government bodies in India. Moreover, the company aims to source approximately 50% of its energy requirement through renewable sources like solar by the fiscal year 2025. We have been able to mark a foothold in this domain, just because of GetDistributors. Ever since we have registered with them, we have received a large number of inquiries, in fact, the phone has never stopped ringing. Every business organization looking for steady growth should register themselves with GetDistributors.

In reality, generic drugs are of the same quality and as effective as of the branded medicine. These medicines might contain Inactive Pharmaceutical ingredients like suspending agents, demulcents etc which do not disturb the body for curing illness. Generic medicines are an important part of healthcare and can provide significant cost savings for consumers. They contain the same active ingredients as brand-name medicines but may have different inactive ingredients, different dosages, and different labelling. Knowing how to identify generic medicines is important to ensure the most effective treatment at the lowest cost. Indian pharmaceutical sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US and 25% of all medicine in the UK.

Sustainable and continued research is found to be important to fulfil growing and unmet needs and add value to the pharma sector. Additionally, we have the highest number of US-FDA compliant Pharma plants outside of USA. India is home to more than 3,000 pharma companies with a strong network of over 10,500 manufacturing facilities as well as a highly skilled resource pool.

With 14 manufacturing facilities in four countries and 4 R&D centres spanning across GPL and GLS, we work relentlessly towards improving the quality of life of patients across the globe. Protech Telelinks of Companies has been involved in developing a growing portfolio of best-in-class pharmaceutical formulations in the health care.. We have discussed the Top 10 Generic Medicine Manufacturers in India in this blog.

Also, the pharmaceutical industry has shown tremendous progress and adapted to a changing environment which will help in achieving more success in generic drugs export from India. Furthermore, the Covid-19 pandemic has boosted the exports of generic medicines to a great extent, the developed and developing world are concerned about the high costs of patented medicines and looking for cheaper alternatives. Many countries across the globe are keen to use more generic drugs in the long run to cut down the cost of healthcare. This scheme is currently running in each state of India with its high popularity among the people with average to low-income categories providing the public access to affordable branded medicines.

Indian pharma companies have a substantial share in the prescription market in the US and EU. Zeelab Pharmacy specializes in providing you with affordable medicines online at the comfort of your home. This saves you all the hassles of stepping-out of your home, visiting a pharmacy and waiting in the queue to buy the prescribed medicine. We at Zeelab Pharmacy understand that sometimes you need medicines on an urgent-basis and that is the reason why we ensure that you receive your medication at the earliest possible. Akums proudly unveils its 20th Anniversary Campaign, ‘BHAROSA – Two Decades of Trust, Going Strong’, celebrating a legacy of reliability, sustainability, and innovation in pharmaceutical manufacturing. If you know of any generic medicine shop that is not listed on the above link, you can share with us their name and address by leaving a comment at the end of this article.

• Major segments of the Pharmaceutical Industry include generic drugs, bulk drugs, vaccines, Over-The-Counter (OTC) medicines, biosimilars and biologics.
• If you report an issue with your Furniture,we may schedule a technician visit to your location.
• A generic drug is a pharmaceutical drug that is equivalent to a brand-name product in dosage, strength, kinetics, way of administration, quality, and intended use.
• Similarly, to discourage doctors from pursuing profits, Clause 6.3 places a prohibition.
• India is rightfully known as the “pharmacy of the world” due to the low cost and high quality of its medicines.

All our medicines and healthcare products are manufactured at WHO-GMP certified plants. The company develops and markets high-quality generic products at accessible prices that have made Krka a recognizable name in many parts of the world. Their generic pharmaceuticals are based on their own innovative procedures for synthesizing or isolating active pharmaceutical ingredients and our own innovative pharmaceutical formulations. Today, they have over 350 patent-protected innovations for which numerous patents have been issued in various European, American, and Asian countries. According to The Balance, about 88 percent of all prescriptions in the U.S. are for generic medications. Majority of them confirmed about readily preferring generic medicines if healthcare professionals recommend the same while about 35% denied accepting generic substitution suggested by a pharmacist.

This means max gains for the customer and retailer, availability of all items and prompt response and above all transparency as you are connect with the company directly without any intermediate. India’s medical technology exports could reach US$ 20 billion (Rs. 1,69,000) by FY30, but the sector needs expanded government incentives and improved ease of doing business, says the CII. India’s FDI surged 45% to US$ 29.79 billion in H124, driven by strong inflows in services, technology, and pharmaceuticals sector. Akums has unveiled a new generic formulation for migraine treatment, offering an innovative and cost-effective option for patients.

To know the generic name of the medicine you are looking for, you can also use a free web service such as This website has a database of over 1 lakh medicines. Before investing, investors must conduct independent research and not solely rely on the information provided here. This will allow investors to make appropriate investment decisions based on their financial goals, investment objectives and risk tolerance.

Also the Co-Branded Khadi India products are exclusively available at Davaindia stores giving access to the premium products again at an affordable price. The petition argues that healthcare professionals prescribing generic drugs could help ease the financial burden on patients and improve access to essential medications. Since brand-name medicine development and marketing expenses are not included in the product price, generic medications are less expensive. New drugs will include the research, development, patent, marketing, and selling costs.

Torque has taken a huge leap in terms of production, positioning, and presence globally and ultimately has come up as the fastest-growing pharmaceutical company. Through research and development activities, their expert team is always committed to finding better alternatives to more expensive and less feasible generic products, which can be mass-produced for the benefit of entire mankind at affordable rates. In three years, Generic Aadhaar has expanded its presence to more than 150 cities including rural as well as urban areas of India.