Pfizer’s Expansion in India
Manufacturing and Research Developments
Meenakshi Nevatia, Managing Director of Pfizer Limited, announced the company’s plans to expand its manufacturing capacity and focus on research and development in India. Pfizer is shifting its oncology and chemotherapy products from Australia to Gujarat, emphasizing its commitment to the Indian market.
Research and Development
Pfizer is enhancing its R&D capabilities with 1,500 employees in Chennai and a research center at IIT Madras. The company is also establishing global capability centers in India, including a new analytics center in Mumbai.
Manufacturing and Vaccination Initiatives
Approximately 70% of Pfizer’s products sold in India are manufactured locally, either at their Goa plant or through 18 contract partners. The company is also focusing on adult vaccinations, having launched a specialized center in Gurugram and planning more such centers.
Collaborations and Innovations
Pfizer, in collaboration with NIPER-Ahmedabad, the Department of Pharmaceuticals, NITI Aayog, and Social Alpha, announced the winners of the NIPER-A edition of Pfizer’s INDovation program for healthcare start-ups.
Doubts Revealed
Pfizer -: Pfizer is a big company that makes medicines and vaccines to help people stay healthy. They are known for creating important medicines that people use all over the world.
Meenakshi Nevatia -: Meenakshi Nevatia is the Managing Director of Pfizer Limited in India. She is responsible for leading the company’s operations and growth in the country.
Manufacturing -: Manufacturing is the process of making products, like medicines, in factories. Pfizer is expanding its manufacturing in India to make more medicines locally.
R&D -: R&D stands for Research and Development. It is the part of a company where new products are invented and improved. Pfizer is growing its R&D in India to create better medicines.
Oncology -: Oncology is the study and treatment of cancer. Pfizer is moving its cancer-related products to Gujarat, a state in India, to make them there.
IIT Madras -: IIT Madras is a famous engineering and technology institute in Chennai, India. Pfizer is working with them to enhance their research and development efforts.
Adult vaccinations -: Adult vaccinations are vaccines given to grown-ups to protect them from diseases. Pfizer is focusing on providing these vaccines in India.
Gurugram -: Gurugram is a city near Delhi in India. Pfizer is launching centers there to focus on adult vaccinations.
NIPER-Ahmedabad -: NIPER-Ahmedabad is a pharmacy education and research institute in India. Pfizer is collaborating with them to support healthcare start-ups.
INDovation program -: The INDovation program is an initiative by Pfizer to help new healthcare companies in India grow and innovate. It supports start-ups with new ideas in healthcare.