Shame on our Pharma for depending on cheap PRC bulk pharmaceuticals to manufacture drugs for India and the world.We are cursed with greed and incompetence.Ditto for our hi tech.We can send probes in outer space etc but cant produce a 100% Indian designed and manufactured smart phone.
no man..it s not incompetence..its business competence..
like all companies world wide Indian pharma companies started to SOURCE material from a place where it is cheap..
Greed..cant say it greed cuz only by booking profit can a company stay afloat competing with its peers in the market who is using supply chain from china...else the Indian companies would have shut its shop..
its simple business logic.
so..it was a part of balancing act..
But now...every company worldwide realized the folly of putting all the eggs in chinese basket..
and most of the pharma companies are already starting their API manufacturing here in India itself.
Couldnt they do it before?
Unless they could make it cheaper and compete with china in volumes it was a huge risk ..so like many other pharma companies they too started sourcing from china.
Why now?
When every company is going for a strategy change...now its time for reorient