India: Animal Health API Leading Cos FY 2019 - 2020
A decade ago, China used to be powerhouse for APIs and India for formulations – both in Human as well as Animal Pharma segments. However, over the last 10 years – India has come some way in gaining global footprints in Vet API market as well and offering an attractive alternate to customers.
Indian API players cater to both local market as well as exports / international market. With the ongoing geo-political tensions with China, federal government has recently announced a slew of support measures for being Aatma-Nirbhar (self reliant) / consolidate India’s position in APIs and particularly in certain critical APIs where dependence on China is more than 80%.
AH API business in India started largely as a cost -arbitrage opportunity in late 1980s and over time has evolved to emerge as leading supplier. Regular crackdowns by Chinese Environment Authorities on Chinese API producers too have played a role in faster shift in opportunities to Indian companies.
Following is a list of leading Vet API companies out of India – few of them are globally well known and a few are known largely among customers