India is currently recognised as a high-quality, low-cost skilled producer of pharmaceuticals. It is seen not only as a manufacturing base for APIs and formulations, but also as an emerging hub for biotechnology, bioinformatics, contract research, clinical data management and clinical trials. The country’s pharmaceutical industry, as evidenced in the paragraphs which follow, has shown tremendous progress in terms of infrastructure development, technology base creation and a wide range of production. India exports full basket of pharmaceutical products comprising intermediates, APIs, Finished Dosage Combinations (FDCs), biopharmaceuticals, vaccines, clinical services, etc., to various parts of the world. The country has achieved the distinction of providing healthcare at very low cost while maintaining profitability. At present, India is among the top 20 pharmaceutical exporters world-wide and with the largest number of US FDA inspected plants (119 plants), outside the USA. Various other agencies like MHRA UK, MCA South Africa, TGA Australia , HPB Canada have approved scores of plants in India .