The Indian pharmaceutical industry ranks third largest in the world by volume of production and 14th in terms of value, thereby accounting for around 10% of world’s production by volume and 1.5% by value. The industry has witnessed a robust growth over the past few years moving on from a turnover of approx. USD 1 billion in 1990 to over USD 30 billion in 2015. Indian pharma industry is mainly operated as well as controlled by dominant foreign companies having subsidiaries in India due to availability of labor in India at low cost of production.