India may become a leading supplier of skilled labor for the world’s pharmaceutical and chemical industries, says a new report.
Already a dominant player in the software industry, India produces thousands of graduates a year with advanced degrees in engineering and the sciences, thus creating an attractive market for outsourcing,
according to the report prepared by Purdue University chemical engineering professor Doraiswami Ramkrishna.
Besides the intellectual talent available, India also boasts a large number of pharmaceutical manufacturing facilities that have been approved by the U.S. Food and Drug Administration.
India still has a way to go from being a labor-force supplier and manufacturing facility to becoming a major player in the industry on its own, according to chemical engineering professor Kenneth H. Keller
of the University of Minnesota. But Indian researchers are now contributing more scientific papers and winning more U.S. patents, establishing a base for future economic growth.
Keller urges U.S. chemical and drug companies to work more closely with partners in India to capitalize on innovation through licensing of Indian patents and strengthening intellectual property rights
SOURCE: Purdue University News Service