IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

CW Conference: Indian API Market to Reach $22 Billion by 2020

8:15 AM MST | February 24, 2011 | Deepti Ramesh

The Indian active pharmaceutical ingredients (API) industry, which is currently valued at about $5.7 billion, will grow to $22 billion by 2020, says Ashok Anand, president, pharmaceuticals division at Hikal (Mumbai). Hikal is a manufacturer of APIs, pharma intermediates and active ingredients. Ashok Anand was addressing delegates at the Fourth Annual India Chemical Industry Conference in Mumbai jointly organized by Chemical Week and the Indian Chemical Council (Mumbai). The global API market is currently valued at about $85 billion, Hikal says. India is...

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