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Interviews




Pharmaceuticals

Pharmaceuticals



 

AUTOMATION IN PHARMA/BIOTECH INDUSTRY

Industrial control and automation is the key to productive deployment of plants and machinery in the industrialized world. Due to its all pervading applicability, the industry is strongly linked to macroeconomic conditions and is considered a leading indicator of the health of a manufacturing economy. Productivity, quality and profitability of the end-user industries are directly linked with the role industrial automation has played there. Therefore, industry leaders are constantly keeping themselves aware of developments in industrial control and automation and how these developments can help them to produce more or better at lower cost.

In today\'s context of inflation the role of automation to save energy and improve efficiency becomes even more significant India \'s economy is on the fulcrum of ever increasing growth. More and more companies today are increasingly deploying industrial automation and controls. This is helping them greatly to produce modern technology products at economical costs, increased productivity and quality to compete with the world\'s best.

The Indian pharmaceutical industry looks poised to grow to USD 14.99 billion in 2012, with a CAGR of 12.96%. It is one of the few sectors, more recession-proof than others as demand for medicines, in India and in overseas markets, is only set to grow. Increased purchasing power of the Indian consumer will also add dominance to the pharma and biotech industry in India.

India \'s manufacturing base is the fourth-largest among emerging economies and is the fastest growing. It has seen more investments as a proportion of gross domestic product than any country after China . Indian entrepreneurs along with multinational corporations have lined up massive investment plans to expand production capacities to meet the higher demand levels for the next few years and the project pipeline is estimated at an unprecedented USD 700 Billion. Together with the Government\'s fresh resolve to speed up reforms, the sustained growth of the economy supported by the thriving automation and controls industry in India is assured.


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