Released on: June 12, 2008, 11:39 pm

Press Release Author: Shushmul Maheshwari

Industry: Healthcare

Press Release Summary: The Indian contract manufacturing market is anticipated to
grow at a CAGR of nearly 37% by 2012, accounting for around 7.6% in the global
contract manufacturing market, says the RNCOS report.

Press Release Body: A new market research report, “Indian Contract
Manufacturing – A Hot Opportunity”, by RNCOS forecasts that the contract
manufacturing market of India will grow at a CAGR of about 37% from 2008 to 2012,
making up for nearly 7.6% of the global contract manufacturing market.

The report recognizes the low-cost advantage of India as one of the major drivers
for the growth of contract manufacturing market. In India, most of the companies are
able to make huge savings on construction, utilities, land and labor. For example,
constructing a secondary manufacturing plant in India is much more cost-effective
than the US, as companies can save nearly 82% on construction, around 38% on rent of
industrial land and about 10% on utilities like gas, water and electricity. Also,
the cost of labor (both direct and indirect) in India is just 11% of the labor cost
in the US. Companies can also save about 10% on utilities like gas, water and
electricity.

Apart from the cost advantage, strong infrastructure is also thrusting the contract
manufacturing market in India, said the report. India has made compliance with Good
Manufacturing Practices (GMP) mandatory for all manufacturing facilities in the
country and Indian companies, to meet the quality standards of the European and US
companies, are upgrading their plants.

The RNCOS research highlights that currently, India has over 200 manufacturing
facilities that have been certified good, and out of these, nearly 75 are
USFDA-certified, which is the highest number of approved facilities in any country
other than the US. Moreover, many plants are approved by various other regulatory
authorities also, like European Drug for Quality Medicine (EDQM), Europe, Medicine
Control Agency, South Africa, the Anivisa Brazil, etc., says the RNCOS report. This
high approval rate ensures the quality standards maintained by the Indian contract
manufacturing companies, thus making the country a much sought-after destination for
international players.

“Indian Contract Manufacturing – A Hot Opportunity”, supplemented
with detailed analysis on the statistics, provides in-depth study on the Indian
contract manufacturing market. It discusses the current market size, capabilities,
key segments and future growth prospects of the market and presents an insight into
the various factors influencing the growth of the market.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://rncos.com/Report/IM605.htm
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