Undoubtedly, Start-Up India is an initiative by GOI to the new entrants who want to go for entrepreneurship. As we know the campaign was announced first by the Prime Minister of India, Mr. Narendra Modi on 15th August 2015 from the Red fort, in New-Delhi.
The plan and actions of Start-Up is based on three key objectives.
a. Simplification and Hand-holding.
b. Funding support and Initiatives.
c. Industry-Academia partnership and Incubation.
In Pharmaceutical sector, India ranks 3rd in the world in terms of volume and having rank 14th in terms of capital. Cities like Ahmadabad, Hyderabad, Mumbai and Bangalore are the major Pharmaceutical hubs in India as per R&D activities. As far as Productions is concerned, cities like Roorkee, Dehradun, Haridwar, Baddi, Ponta Saheb, Gangtok and even Ghaziabad plays a big role.
Yes, economic liberalization in 1990 by then Prime minister of India Mr. Narsimha Rao and dynamic economist, then the Finance Minister of India Dr. Manmohan Singh enabled Industry to become what it is today.
Top five companies of India with their market capitalization:
|Company name||Market capitalization (crores)|
|Dr. Reddy Lab||49293|
Still, there is huge potential in this sector to grow more and more, In 2025 India will play top leading role in pharmaceutical businesses in terms of capital.