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Industrial Challenges and a revitalization Strategy of Sick pharmaceutical Units in West Bengal

  • Unique Paper ID: 173174
  • Volume: 11
  • Issue: 9
  • PageNo: 2109-2115
  • Abstract:
  • This research comprehensively examines the current state and historical evolution of the pharmaceutical industry in West Bengal, India, highlighting the significant challenges and opportunities within this crucial sector. The study identifies systemic issues such as stringent regulatory requirements, financial constraints, labor shortages, and competition from multinational corporations that hinder the industry's growth. Despite these challenges, it finds potential for revitalization through strategic government interventions, technological advancements, and a focus on specialized markets. Key recommendations include enhancing regulatory compliance and quality assurance, increasing investment in research and development, building a skilled workforce, and improving infrastructure to support export capabilities. The findings advocate for collaboration between policymakers, industry stakeholders, and academic institutions to harness West Bengal's pharmaceutical strengths, ultimately aiming for economic advancement and improved health outcomes. The paper concludes that with targeted strategies and coordinated efforts, West Bengal can strengthen its position in the global pharmaceutical landscape.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 11
  • Issue: 9
  • PageNo: 2109-2115

Industrial Challenges and a revitalization Strategy of Sick pharmaceutical Units in West Bengal

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