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During the 60's and 70's the pharmaceutical industry mostly imported machines from Europe for their processing and packaging needs. But the mid 70's saw the country going through a severe shortage of foreign exchange and therefore the Indian government introduced very high import duties and restrictive import licensing policies. This forced all the pharmaceutical companies to encourage some Indian engineering enterprises to manufacture machines locally. This was perhaps the only route for the pharmaceutical industry to enhance production and cater to the growing demands of the domestic market. Our September issue examines issues and trends pertaining to Biopharma Equipment Market.

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