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Industry Profile
What are they?
- Fine chemicals refer
to chemicals prepared to a very high degree of purity for specific
applications, and generally cover agrochemicals and active
pharmaceutical ingredients , Specialty Chemicals - Chemicals formulated
to custom specifications
- Agrochemicals include
insecticides, herbicides, fungicides and other crop protection chemicals
-
Fine chemicals manufacturing can be
categorized into two broad segments: Generic drug with predominant focus
on APIs and bulk drugs Contract Manufacturing
Market
- The fine
chemicals market is poised for rapid growth in the coming decade driven
by increased focus on contract manufacturing
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The Indian pharmaceutical
industry is ranked 3rd in the world in terms of production
The pharmaceutical industry in
India consists of both domestic companies and subsidiaries of
multinational corporations. Indian companies manufacture a wide range of
generic drugs , intermediates and bulk drugs, Active Pharmaceutical
Ingredients -
Demand for oil, paints, textile, rubber sector will fuel demand for
specialty chemicals
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Among the product segments, anti-infective is the
largest segment, accounting for 17% of the domestic formulations market.
The other large segments are cardio-vascular and gastro-intestinal. -
Formulations made in India are Dermatology, Central
Nervous System, Anti-diabetic Gynecological, Vitamins/ Nutrients, Pain/
Analgesics, Respiratory, Gastrointestinal Cardio Vascular,
Anti-infective etc -
Manufacturing APIs shifting from Europe to countries
like India and China due to low cost advantage -
Minimum economic capacity is low at 2000 - 10,000 tones
per annum ; Investment in the range of Rs. 2 crores to Rs. 15 crores
required
Rules and
Regulations
- Fine
chemicals manufacture of pharmaceuticals and intermediates needs to
conform to the Good Manufacturing Practice standards
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The government has
removed licensing requirements, except for hazardous chemicals and a few
special drugs.
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Current information can
be checked at
The web site of the Government
Products
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Cardiovascular, oncology, Anti-diabetic, gastro -intestinal, ophthalmic,
expectorant, steroids, anti-allergic Antibiotics, central nervous
system, anti-TB, Ethylene Diamine Tetra Acetic Acid , Diethylene
Triamine Penta Acetic Acid,Nitrilo Triacetic Acid, Fe-EDDHA, HEDP, Humic
Acid,
speciality chemicals are Catalysis, Gelatin, Leather, Textile Chemicals,
Plasticisers, Ossien, Rubber Chemicals,
Inks, performance-enhancing additives, special coatings, and
photographic chemicals etc
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