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The Indian pharmaceutical industry can be classified into organized and unorganized sectors. Accounting for over 70% of total sales, the organized sector has about 250 manufacturing and formulation units. On the basis of management control, the organized sector can be further classified into MNCs and Indian companies.
On the basis of the product manufactured, the pharmaceutical industry can be classified into:
- Bulk drugs: They are the key ingredients that form the basic raw material for the manufacture of formulations.
- Formulation: Particular mixture of a bulk drug or a combination of different bulk drugs.
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