Case Study Of Pharmaceutical Industry

950 Words4 Pages
Assignment 2
Jain Vedant Pankaj
F.Y.BAF
A069
Setting up a pharmaceutical industry
A pharmaceutical industry develops, produces, and markets drugs or pharmaceuticals for use as medications. This business comes under heavy manufacturing industries in secondary sector. Pharmaceutical companies may deal in generic or brand medications and medical devices. They are subject to a variety of laws and regulations that govern the patenting, testing, safety, efficacy and marketing of drugs.
OPPORTUNITY
The opening up of this industry will require huge investment and manpower. Pharmaceutical Industry has huge profit margin and demand throughout the year, especially in India as it hold one-seventh of the world’s population. The global pharmaceuticals market is worth
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• UV Lights for ensuring quality
• Air Conditioning
• Pressure and moisture control storage areas
• Pharmaceutical masks, costume and sanitized clothing’s for workers and others
RISKS
Following are the risks that a pharmaceutical industry faces:
INTERNAL RISKS
Among the internal risks, the cafe is prone to face the risks listed below:
1. Human Risks:
• Dishonest and careless workers as production pharmaceuticals require precision.
2. Physical Risks:
• Loose electrical wirings
• Contamination of the medicine due to slight imbalance in the formula, moisture, temperature, air pressure or dirt particles
3. Financial Risks:
• This industry requires huge investment so mobilising funds through public can be difficult
• If the industry fails the fulfilment of the compliance then there are chances of huge losses.

External Risks
Following are the external risks:

1. Political Risks:
• Clearance and compliance issues due to instability of government.
2. Technological Risks:
• Improper working of machines, pressure and moisture control systems.
3. Natural Risks:
• Natural calamities like earthquake, dust storm can harm the structure of the industry and damage the
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