Over 2000 Pharmaceutical Management Professionals needed in AP and Telangana
· Pharma industry to grow US$ 55 billion by 2020
· Telangana and Andhra Pradesh produce 1/3rd of India’s bulk drugs
· The new life sciences policy to attract investments worth Rs.20,000 crore by 2020 in Telangana alone
· Healthcare sector to create employment opportunities for 4 million people
· Pharma Industry’s market growth to be USD 55 billion in 2020
· Favorable government policies such as PPP, Insurance schemes for BPL segments, etc. in AP and Telangana
March 2015: India’s globally recognized and leading healthcare research institutions’ of the country, The IIHMR University, in response to the requirement of Pharmaceutical Industry and the recent development in Pharma Education invites applications for MBA in Pharmaceutical Management.
As per Mc Kinsey report – India Pharma 2015 – Unlocking the Potential of the Indian Pharmaceutical Market, the Pharma industry has immense opportunities and has a projected market growth of USD 24 billion by 2015 and USD 55 billion by 2020. Through discussions by the Pharma Industry experts it was evolved that Metro and Tier-I markets will make significant contributions to growth, driven by rapid urbanization and greater economic development. The hospital segment will increase its share and influence, growing to 25 per cent of the market in 2020.
Dr. SD Gupta, President, The IIHMR University, says , “We see tremendous growth in the Pharmaceutical sector, with rising investments in life sciences, bulk drug manufacturing and the growing exports from both AP and Telangana. As per the PwC study Indian pharma Inc. the industry is likely to be in the top 10 global markets in value terms by 2020. The overall credit for this development goes to growth factors such as new market creations, growth in the SME sector, enhanced medical infrastructure, the pace of innovation in business models, rising consumer incomes and many more; the healthcare sector that has been growing, forecasts to offer employment opportunities to more than 4 million professionals by 2025. However, with these growing trends the industry is facing many challenges such as need for the best talent in the industry, rising customer expectations and restricted discovery and development process- we see this growing need with 1500-2000 pharmaceutical management professionals still needed in both AP and Telangana.”
Dr. Gupta also mentions that, “To answer this requirement and a growing need of talent pool, it is indeed a growing challenge for the academia, to transform the students into management professionals. Looking at the growth of the Pharmaceutical Industry, we, at The IIHMR University, since last six years are offering industry driven management programme –MBA in Pharmaceuticals Management. Since the inception of this programme, we have experienced keen interest of industry recruiters in our students. Our placement partners have also motivated us to generate best of the talents that has been recognized by domestic and global organizations.”
To launch out the desired resources for the pharma industry, The IIHMR University offers a support system that ensures a focused involvement of both academia and industry. As an academic institution, The IIHMR University has systems and procedures to ensure that industry expectations are met without any compromise on academic aspirations. The Industry experts through the regular visits at our campus, give a fresh perspective offered by the academia. The IIHMR University has a focused approach for students soft skills training and always hone their employability skills. To add further impetus to their skill development, students are offered collaborative live projects offered by the pharmaceutical companies. CCI Newswire