India is the third largest pharmaceutical industry, diagnostic and surgical equipment market in the world in terms of value and eleventh largest in terms of volume. It has established itself as a global manufacturing and research hub. A large raw material base and the availability of a skilled workforce give the industry a definite competitive advantage. The Indian pharmaceutical, diagnostic and surgical equipments industry is expected to grow at a compound annual growth rate (CAGR) of 22.4 per cent to touch US$ 55 billion by 2020, from US$ 20 billion in 2015.
Bolivia, Peru, Brazil , Argentina, Chile Uruguay, Paraguay, Venezuela, Ecuador, Mexico are primarily Importers Market signifying that they are a ready market for pharmaceutical, diagnostic and surgical equipments manufacturers.
The Pharmaceutical, diagnostic and surgical equipments Export Promotion Council (PHARMEXCIL) was established in 2004 by the Ministry of Commerce and Industry, Government of India, to promote pharma exports.
negociomundoROI-based marketing campaigns that help B2B organizations achieve core business objectives.
India is the third largest Import Export pharmaceutical Industry
India has one of the lowest manufacturing costs in the world. Manufacturing cost in India is approximately 35–40 per cent of that in the US as installation and workforce costs are low. Yet, there are many small and medium enterprise who finds it hard to access global market due to the lack of knowledge and reach.
negociomundo connects pharmaceutical, diagnostic and surgical equipments importers’ and gives ready access to the India’s supplier market place.
India’s pharmaceutical industry, diagnostic and surgical equipments space is dominated by generic drugs, which accounts for around 70 per cent of the market. India accounts for around 30 per cent (by volume) and about 10 per cent (value) in the US$ 70-80 billion US generics market.
negociomundo has established itself as the global channel partner of encouraging SMEs to increase foreign trade volume in pharma sector with its strong business relations. India which has huge presence of pharmaceutical, diagnostic and surgical equipments, diagnostic and surgical equipments manufacturers in almost all the states, be Maharashtra, Orissa, Punjab, Karnataka, Utter Pradesh, Bihar and Madhya Pradesh, etc gets a huge opportunity in having an online B2B marketplace.
This portal is not a directory of suppliers and buyers but an interactive business e-commerce platform where business listing is done individually and where suppliers and buyers can register themselves for free. Business listing can be done and one can have one’s business website also done from the support team of negociomundo. To differentiate them from a business directory, negociomundo has created a vibrant business market place. One can have an opportunity to make ones presence felt in an online market place.
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