India’s CRAMS Market Set To Leap To $2.46 Billion By 2010

MUMBAI - Low-cost and high-end formulation manufacturing capacity is propelling the growth of Indian contract manufacturers and the sector is poised to reach an estimated $2.46 billion by 2010. From the current level of $869 million, the contract research and manufacturing services sector will show an annual growth of 41.7 percent, according to a joint study by the Confederation of Indian Industries and the global consulting firm KPMG