Advantage-India
Progressive organizations, be it small, medium or large are pursuing outsourcing strategies today. Most are looking for ways to increase their business performance, profitability and competitiveness. Outsourcing also helps organizations focus more on their core competencies. India occupies a preeminent position in the cluster of outsourced destinations in the global arena. Key reasons to tap outsourcing advantages include:
Progressive organizations, be it small, medium or large are pursuing outsourcing strategies today. Most are looking for ways to increase their business performance, profitability and competitiveness. Outsourcing also helps organizations focus more on their core competencies. India occupies a preeminent position in the cluster of outsourced destinations in the global arena. Key reasons to tap outsourcing advantages include:
- Huge population base of more than 1 billion
- Genetically, culturally and socio-economically diverse population
- Largest pool of patients (e.g., the highest number of diabetes patients are found in India)
- A large Treatment Naïve patient population
- Availability of a large number of highly qualified and dedicated scientists and medical professionals
- English language advantage
- Recent amendments to Patent Act, Regulatory approvals, Schedule Y to the Rules under Drugs and Cosmetics Act
- Regulatory approvals for concurrent Phase II & III Trials
- Improved Human subject protection
- Proactive Government initiative and FDA acceptance
- Improved quality of Data
- Increased awareness about ICH GCP & other regulatory guidelines
- World-class medical infrastructure
- Cost advantage