Question : . PERFORMANCE OF FHGT MGICEUTICAI INDITSTRY

(a) whether the Confederation of Indian Industry (CII) has made any projection for the performance of pharmaceutical industry for years ahead; and

(b) if so, the details thereof?

THE MINISTER OF CHEMICALS AND FERTILIZERS & MINISTER OF STEEL (SHRI REWATI VILAS PASWAN)

(a) Yes Sir. .

(b) Confederation of Indian Industry (CII) has informed that they have made some projections through Reports/Studies such as:

(i) India Brand Equity FoundationflBEn Report

# The sector is expected to attain a size of $25 biliion by 2010.

# By financial year 2006, R&D expenditure is likely to go up to more than 12% from an average of 6% of sales during financial year 2004.

# Some estimates suggest that Indian companies can potentially corner almost a third of the global generics market by 2007.

(ii) CH-KPMG Consultants study on Vision for Pharmaceuticals

# Indian domestic market at $ 6 billion expected to grow to US $ 9 billion by 2010.

# Indian generic drug makers are expected to have 38 % shares in global generics market by 2007 compared to 4% today,

# Top Indian players looking at 5 to 10 new drugs by 2008 to 2010 in global markets.