SCRIPTING FUTURE HISTORIES - Sun Media Pte Ltd

■ The drugs and pharmaceuticals sector attracted foreign direct
investments (FDI) worth US$ 9,173.50 million between April 2000
to February 2012, according to the latest data published by
Department of Industrial Policy and Promotion (DIPP).
■ India tops the world in exporting generic medicines worth US$
11 billion. Indian generics constitute nearly a fifth of global
supplies, as per a press release dated December 28, 2011.
■ Generics will continue to dominate the market while patentprotected
products are likely to constitute 10% of the pie till
2015, according to McKinsey report ‘India Pharma 2015 -
Unlocking the Potential of Indian Pharmaceuticals Market’.
■ The value of the Indian medical devices market is estimated at
US$ 4 billion, and is clocking a growth rate of 15% annually.
Science and Technology
India is among the top-ranking countries in the field of basic research.
Indian Science is one of the most powerful segments for growth and
development, especially in the emerging scenario and competitive
economy.
Research and development (R&D) is an inseparable part of science and
technology, with India fast emerging as the global R&D hub. Presence of
world class institutions, a robust intellectual property regime and a rich
talent pool of technical manpower available at a very competitive cost
are major factors that are making India a viable destination for global
researchers.
India is emerging in industrial research and development, space, defence,
oceanography, and atomic energy. However, India is strong in software
technology and computer science.
The year 2011-12 is a landmark year for the Department of Science &
Technology, as it marked the completion of 40 years of service by the
department.
Highlights
■ With an annual growth of over 12% in the number of scientific
publications in Science Citation Indexed (SCI) journals during the last
three years, India posted a significant improvement in its global ranking.
Indian Industry
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