The Indian pharmaceutical industry is currently undergoing many unprecedented changes. These range from emerging areas of science, new and improved drug variants and specialized services to evolving regulations and business models, making it one of the world’s most developed industries. Today, the sector ranks third in terms of volume and 13^th in terms of value. In addition, the drugs manufactured here are being exported to more than 200 countries in the world, with US being a key and perhaps one of the largest markets.