Introduction The Indian pharmaceutical industry has long been regarded as the "pharmacy of the world," supplying affordable generic medicines to millions globally. However, in recent times, it faces a host of challenges that necessitate innovative solutions to maintain its competitive edge. In this blog, we will explore some of the current challenges faced by the Indian pharmaceutical industry and propose effective strategies to overcome them. Challenge 1: Changing Regulatory Landscape One of the primary challenges the Indian pharmaceutical industry faces is the evolving regulatory environment both domestically and internationally. Stringent regulations in various countries, including the US and Europe, have necessitated compliance with stricter quality standards and documentation requirements. Changing Regulatory Landscape Strategy: Implementing Quality Management Systems To overcome this challenge, pharmaceutical companies must invest in robust Quality Management Systems (Q...
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