Merck India expands infrastructure to capitalise on growing pharmaceutical industry
04-Oct-2023
Considering India's promising growth potential, life science and technology firm Merck India is expanding its infrastructure in the country, recognising its significance in the global pharmaceutical industry.
Merck recently partnered with the Heavy Water Board in India, and aims to address the growing market for deuterated raw compounds, currently worth around $100 million, with the potential to reach $1 billion dollars over the next 5-10 years. Merck aims to provide high-quality compounds for pharmaceuticals, semiconductors, OLED, and electronics production, contributing to India's chemical, pharmaceutical, and technological industries. Merck plans to become a leading producer of deuterated products, enhancing semiconductor stability and efficiency.
News Source:- https://www.businesstoday.in/industry/pharma/story/merck-india-expands-infrastructure-to-capitalise-on-growing-pharmaceutical-industry-400525-2023-10-03
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