At the time of Independence, the pharmaceutical industry in India was dominated by MNC's with almost no role for the Indian companies. Indian companies however, started to grow since 1970 with the implementation of IPA 1970, DPCO, FERA 1973 and import tariff and came to dominating the industry in 1990. In 1991, the implementation of globalisation policy brought about reversal of the situation for the Indian companies and favorable to the MNC's. Nevertheless, the Indian pharmaceutical companies showed significant improvement in formulation production, formulation consumption and total...