Ahmedabad, Dec 12 : With the advantage of low production cost, trained manpower and increasing demand of low priced quality drugs, the Indian pharmaceutical sector has come up as a favourite destination for investment among the developing countries.
The Pharma Industry is estimated to be worth 4.5 billion dollars, growing at about 8 to 9 percent annually.
Part of this success story belongs to Gujarat, which has developed into a major hub of pharmaceutical industry with spectacular growth during the last two decades in the sphere of production of drugs and pharmaceuticals.
The state''''s two principal industrial cities Ahmedabad and Baroda have evolved as major drug and healthcare equipment manufacturing hubs.