Pharmaceutical Machinery: Technology
The growth in advancement and up-gradation of technology in machinery has been faster in India. With almost low technology offerings in the initial stage, the Indian machinery today is considered as one that can offer value added engineering with integration of new technologies. Various international companies found it cost effective to work with Indian partners in the form collaborative ventures. The number of joint ventures between foreign and Indian machinery manufacturers is a testimony to the fact that the Indian machinery industry understands the stringent need of pharmaceutical industry and that it can produce international quality at affordable prices.
It is significant to note that India and China are making machinery which are 10-20 times less expensive than that of those made in the US and Europe. But German made machines are unbeatable and it is difficult for Indian manufacturers to produce machines that match German quality, and prices are undoubtedly more than that of Indian machinery.
In future, it will not be surprising to find managers of pharmaceutical companies waging an all-out war in the market to gain a competitive leverage, with little or no time to efficiently plan and design their manufacturing processes, which would possibly slash their production costs and increase their bottom line. This is a scenario, wherein the Indian machinery will come handy. Like information technology, the Indian machinery industry is all set to make in-roads in the various markets of the world to lead a manufacturing revolution.
Indian pharmaceutical-machine makers and their Western counterparts increasingly are exploring collaborations and partnerships with each other to innovate or share new technology. Together, they are targeting more price conscious developing countries.