Page 29 - CW E-Magazine (Oct-Nov-2023)

Sustainability Practices

Sustainability efforts in the Indian pharmaceutical

companies

ustainability has gained signifi-
cant traction across many indus-
Stry sectors worldwide in the past
several years. Almost every company
in the world is making efforts to make
their operations sustainable so as to re-
duce their negative impact on nature.

In short, sustainability may be de-
fined as the capacity to maintain or
support the availability of desirable
natural materials continuously over a across the world. It is Table
long period of time. It means meeting the world’s third larg- Top 20 Indian pharmaceutical companies by sales
the needs of our generation without est by volume and 13 in 2022-23
th
compromising the ability of future gen- largest by value glob- [Rs. Crore]
erations to meet their own needs. Sus- ally. The major seg-
tainability also covers social and eco- ments of the domestic Rank Company Sales
nomic resources along with the natural pharmaceutical industry 1 Sun Pharmaceutical Industries 43,279
resources. It is not only environmental include generic drugs, 2 Divi’s Laboratories 24,617
conservation, but also embeds social over-the-counter (OTC)
equity and economic development. medicines, bulk drugs, 3 Dr. Reddy’s Laboratories 24,588
Sustainability is considered a part of in- vaccines, biosimi- 4 Cipla 22,473
tergenerational ethics and ensures long lars and biologics, and
term viability of a community. In busi- contract research and 5 Emcure Pharmaceuticals 18,987
ness and policy contexts, sustainability manufacturing (CRAM) 6 Biocon 17,631
seeks to prevent depletion of natural or services. Pharmaceuti- 7 Torrent Pharmaceuticals 16,878
physical resources, so that they will re- cal companies in India
main available for the long term. are the largest provid- 8 Lupin 16,249
ers of generic medicines 9 Zydus Lifesciences 15,683
Sustainability covers a wide range by volume, with a 20%
of actions with respect to operations of share of the global mar- 10 Aurobindo Pharma 15,168
an organization or company – starting ket. Medicines and other 11 Intas Pharmaceuticals 14,657
from simple conservation to modifying pharmaceutical products 12 Glenmark Pharma 14,146
chemical reactions used. are exported to over
200 countries from In- 13 Mankind Pharma 13,634
Indian pharmaceutical companies dia. Skilled workforce, 14 Abbott India 13,123
have been taking efforts to implement cost competitiveness,
sustainability measures at various lev- strong R&D capabili- 15 Alkem Laboratories 12,612
els in their operations. This article re- ties, as well as positive 16 Alembic Pharmaceuticals 12,101
views these efforts by selected pharma- government support are
ceutical companies in India. important strengths of 17 Piramal Enterprises 11,590
the Indian pharmaceuti- 18 Laurus Labs 11,079
Indian pharmaceutical industry cal industry. The Indian 19 Pfizer India 10,568
The Indian pharmaceutical industry pharmaceutical industry
supplies a wide range of pharmaceuti- is a key sector of the In- 20 GlaxoSmithKline Pharmaceuti- 10,057
cals – APIs as well as formulations – dian economy and plays cals

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