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Forces persuade generic drug expansion in the United States

The United States (U.S.) Food and Drug Administration, as protectors of public health, encourages generic drug development and use so that patients can access affordable medications. The FDA, however, has limited mechanisms to encourage generic drug manufacturing.

Generic drug manufacturers make decisions regarding development of products based on expected profitability, influenced by market forces, features of the reference listed drug, and manufacturing capabilities, as well as regulatory restrictions. Barriers to the development of generic drugs include the challenge of demonstrating bioequivalence of some products, particularly those that are considered to be complex generics.

A generic drug is equivalent to it's brand name counterpart, but is usually much less expensive. A generic drug must have the same active ingredients, route of administration, dosage form, strength, and indications as the original brand product. Generic drugs are approved by the U.S. Food an…

Why Invest in Uttar Pradesh? Market Size, FDI, UP Govt Initiatives Analysis

International Business Investment Opportunities in Uttar Pradesh 

Uttar Pradesh is the most populous state in India with a population of ~200 million people. Uttar Pradesh shares its borders with Nepal on the north, the Indian states of Uttarakhand and Himachal Pradesh towards the northwest, Haryana, Delhi and Rajasthan on the west, Madhya Pradesh on the south, Chhattisgarh and Jharkhand to the southeast and Bihar in the east.





Uttar Pradesh is a favoured tourist destination in India due to the location of Taj Mahal, one of the Eight Wonders of the World, in Agra. In 2015, 3.10 million foreign tourists visited the state of Uttar Pradesh. Under Pilgrimage Rejuvenation and Spiritual Augmentation Drive (PRASAD) scheme, for the development of Varanasi, the amount sanctioned and released by the Ministry of Tourism for the state, during 2015-16, were recorded to be US$ 3.06 million and US$ 623.28 thousand, respectively.
Uttar Pradesh is the largest producer of food grains in India and accounted for about 18.39 per cent share in the country’s total food grain output in 2015-16. Food grain production in the state in 2015-16 stood at 46,547.9 thousand tonnes. Major food grains produced in the state include rice, wheat, maize, millet (bajra), gram, pea and lentils. With overall vegetable production of 26.12 million tonnes in 2015-16, the state of Uttar Pradesh was the second largest producer of vegetables in India, after West Bengal.

As of 2015-16, Uttar Pradesh is recognised as a major milk-producing state in the country, accounting for around 20.55 per cent share in the total milk produced in the country. During 2015-16, the state’s milk production was around 32.95 million tonnes, growing at a CAGR of 6.26 per cent from 2003-04 to 2015-16. As of June 2016, Uttar Pradesh had a total installed power generation capacity of 19,292.99 megawatt (MW).

Owing to the state’s large base of skilled labourers, it has emerged as a key hub for IT and ITeS industries, including software, captive business process outsourcing (BPO) and electronics. The state has become a hub for the semiconductor industry with several major players having their offices and R&D centres in Noida. Uttar Pradesh ranks 10th among Indian states in rankings based on ease of doing business and 5th in complying with labour regulations, according to a study by The World Bank and KPMG.


The state offers a wide range of subsidies, policy and fiscal incentives as well as assistance for businesses under the Industrial and Service Sector Investment Policy, 2004 and Infrastructure & Industrial Investment Policy, 2012. The state has well-drafted, sector-specific policies for IT and biotechnology. In the 2015-16 Budget, the state government proposed an investment of US$ 50.3 billion for enhancements in power, health and transportation sectors.

The state has attracted Foreign Direct Investment (FDI) equity inflows worth US$ 563 million during the period April 2000 to March 2016, according to data released by Department of Industrial Policy and Promotion (DIPP).

Key Sectors:

The major factor driving the growth in the manufacturing sector is the availability of robust infrastructure, extensive road network, large pool of talent, and various investments and incentives offered by the state government.

The state government arranged for an amount of US$ 6.11 million for the purpose of establishing Electronic Manufacturing Clusters along the Yamuna Expressway according to state budget 2016-17.
Uttar Pradesh accounts for strong demand for fertilisers on account of the high availability of acreage coupled with the large size of the state.

Richness in the availability of raw material is an important factor for setting up cement plants. As of 2014-15, the state was home to 12 large cement plants with a cumulative capacity of 7.2 million tonnes.

FACTFILE OF UTTARPRADESH

  • Capital:Lucknow
    Geographical Area (sq km):240,928
    State Language:Hindi, English and Urdu
    Literacy Rate:67.68 per cent
    Key Industries:
    Information technology, agro processing, tourism, mineral-based industries, textiles, handloom and handicrafts, food processing and sports goods.
    THE DEPARTMENT OF PLANNING IN THE STATE GOVERNMENT IS PRIMARILY RESPONSIBLE FOR MAKING A DEVELOPMENT PLAN FOR THE STATE, TO INITIATE AND UNDERTAKE NECESSARY EXERCISES FOR THIS PURPOSE AND OVERSEE AND TAKE AN OVER-ALL VIEW OF THE IMPLEMENTATION OF THE PLAN, WITHOUT DILUTING IN ANY MANNER THE ROLE OF DIFFERENT DEPARTMENTS OF THE STATE GOVERNMENT IN THE FORMULATION AND IMPLEMENTATION OF THEIR RESPECTIVE PLANS.

  • Oppo & Vivo make big call, to invest Rs 2,000 crore each in Uttarpradesh(UP)
  • Chinese smartphone companies Oppo and VivoBSE 3.15 % plan to invest a combined Rs 4,000 crore in Uttar Pradesh to build separate manufacturing complexes as part of their expansion plans in India. The two companies are keen to set up large-scale campuses, replicating their China models, which will have manufacturing plants, space for suppliers and accommodation for staff. “Oppo is almost finalised… 200 acres... they will bring Rs 1,000 crore by themselves, while Rs 1,00 .. 


  • Yogi Adityanath promises more investments, jobs in Uttarpradesh

  • Directing the state government to prepare a draft industrial policy, UP chief minister Yogi Adityanath said on Monday the government was keen to create a conducive atmosphere for more investment to come into UP. The CM also said a single window system was being prepared to provide all clearances to investors under one roof.ogi Adityanath instructed the Industrial Development Department to prepare and present to him a draft for the new Industrial Policy. He said the government would give priority to enhancing investment in the state through investor-friendly policies that will ensure more job opportunities to UP's youth.
    Yogi also directed concerned officials to take the problems in Noida and other industrial areas seriously and find solutions. He added that his government was committed to encourage private investment and to provide trained manpower to industrialists through the Centre's National Skill Development Project.
    On Monday, the Samsung delegation met Industrial Development Minister Satish Mahana and apprised him of the problems they were facing. Mahana assured them of prompt redressal and expressed hope that the new government will ensure an increase in investment. Hong, during the meeting, said Samsung India was keen to invest in UP and extended support to the state for its development. He also said that Samsung India will create nearly 10,000 jobs in the state by 2020.
    100+ Business Investment Opportunities in Uttar Pradesh as on June 2017. Invest in a Business in Uttar Pradesh and 99 countries, 950+ Industries, with profit margins up to 60% investment ranging from INR 2.6 lakh - 45 crore. Explore pre-screened Business Investment Opportunities in Uttar Pradesh with verified contact details, valuation details and business photographs.Maier+Vidorno is a leading international business development and market entry consulting services in india, Get in touch with them for every solution !

  • Uttar Pradesh: CM Yogi Adityanath urgently needs to invest on women empowerment 
  • Read More : https://goo.gl/kzi28z



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