« India and Pakistan to Start Banking Cooperation but When? | Main | Oman-India Airfares Reduced but Passengers are not Interested »

Oct10
Outsourcing: It’s Now Turn of Global Pharmaceutical Companies
If global Technology companies can reap huge benefit by outsourcing their works to India then why not pharmaceutical companies! Everyone wants to cut cost. Global pharmaceutical industry has at last realized that they could save millions of dollars by outsourcing to India. However, pharmaceutical companies are more interested to save time than save some million dollars (they have plenty of that). The Financial Express wrote:
Analysts predict that it will be worth 380 million dollars by 2010 as American and European companies look to India to cut the cost of drug development.
 
With costs ranging between 800 million dollars to 1.2 billion dollars from patenting to approval, reducing the length of expensive research means more time to sell the drug before the patent expires and it can be copied by others.”
 
Clinical studies- that is the next big business. I have just one advice for international pharmaceutical companies. They should first ensure that everything will go smoothly in India. If later they face a similar PR nightmare like the call center industry data theft then pharmaceutical companies will regret their decision to save some money and time.
Yes, India is the best destination for outsourcing and it will remain so for the foreseeable future.

0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« India and Pakistan to Start Banking Cooperation but When? | Main | Oman-India Airfares Reduced but Passengers are not Interested »

Advertise

Related Resources

recent comments

    sponsored ads



    subscribe


    Prefer Email?
    Subscribe below-

    Enter your Email:


    Powered by FeedBlitz What's this?

    Current News

    Support This Blog

    blogroll


    My site was nominated for Best Business Blog!

    business social media

    Use these fast growing business social media sites to promote your business, feature your products, spotlight your business leaders, create links, and drive traffic back to your company site, all for free!

    BIZZlogos - Add your logo - free link to your site
    BIZZphotos - Add photos of your products and people
    BIZZprofiles - Submit your profile and build your online visibility
    BIZZspotlight - Spotlight your business with free links
    BIZZvideos - Videos about businesses, products and business people.
    BIZZbites - "Digg" for Business - Submit your articles and posts

    Know More Media - International Business

    know more media network

    View Network Map

    Network Feed List (OPML)

    Know More Media Network
    Feed


    we support unitus

    PRWeb

    Influencer



    IndianRaj is a member of the Know More Media network of business related blogs.

    Here are some current headlines from some of our business publications:

    ProductivityGoal

    CallCenterScript

    AdHurl

    TheBizofKnowledge

    LandingTheDeal

    CustomersAreAlways

    HealthCareVox

    BrainBasedBusiness

    TheInsurancePolicy

    MarketingBlurb