India’s vaccine manufacturing set to soar

Chennai, India: Professor Steven Myint, chairman of Chennai-based Green Signal Bio Pharma, predicts that India’s vaccine manufacturing will grow from current revenues of $665m to $800m soon.

India has emerged as a key vaccine manufacturer in recent times. It already produces 60% of the global health vaccines, according to a report in India Post. Vaccines have emerged as one of the growth drivers of the global pharmaceutical industry, said Myint on a recent visit to New York.

The scientist said that the scare of avian flu, bio-terrorism organisms and new emerging infections like SARS and the introduction of cancer and rotavirus vaccines have led to phenomenal growth in the vaccine market in the last few years.

Exports have a major share in the Indian vaccine market, with 70% of vaccines being exported. Of the total domestic market, the private sector’s share stood at $120m or at 40%.

However, it is estimated that in the future more opportunities for manufacture and sales of vaccines will emerge from developing nations such as India and China, said Myint.

WORLD NEWS

Carrier webinar on electrification in the cold chain

Palm Beach Gardens, Florida, USA: Carrier is hosting a free webinar on electric transport refrigeration technologies that advance a sustainable cold chain. The one-hour webinar …

READ THE FULL STORY >

Carrier’s Lynx takes Edison Award for innovation

Palm Beach, California, USA: Carrier’s Lynx digital platform, a finalist in the Edison Awards, has won a silver ranking for excellence in the supply chain …

READ THE FULL STORY >

Carrier Transicold’s Electric E-Cool drives sustainable Transport

Long Beach, California, USA:  Carrier Transicold used the Advanced Clean Transportation Expo to show its range of electric transport refrigeration and cooling products as part of …

READ THE FULL STORY >

Reliable Healthcare upgrades warehouse controls

Chicago, Illinois, USA: “Digitization will enable us to gain operational efficiency for both labor and physical space and monitor operations more accurately,” says Gary Teleky, …

READ THE FULL STORY >

© 2022 Global Cold Chain News | Terms and Conditions | Privacy Policy
Commercial Transport Publishing Limited, registered in England and Wales, Company No: 6453302. Registered Office: 7 Diddenham Court, Lambwood Hill, Grazeley, Reading RG7 1JQ