bout Pharmaceuticals Export Promotion Council of IndiaIndian Pharmaceutical Industry has made phenomenal progress over the years and made its impact in the global market. Indian Pharmaceutical industry has been recognized as reliable source for drugs and drug intermediates, pharmaceutical formulations. Tremendous opportunities are available for Indian Pharma industry in post 2005 era to manufacture and export many products getting off-patented. Its immense strength of manufacturing quality medicines at affordable prices made the Indian Pharma industry to compete both in regulated and non-regulated markets. This industry is playing a vital role in the Indian economy with 13.22 usd bn export turnover in the year 2011-12 with a growth rate of 23.34% and a CAGr of 16 % for past 5 years. Apart from its strengths in manufacturing and exporting allopathic medicines, India is known for its own systems of medicines with about 7000 units manufacturing various Indian system of medicines viz., Ayurveda, Unani, Siddha, Homeopathy etc. Fast growing Biotech industry, is a another part of Indian Pharma industry in India, which has great potential in the international market and which needs focused attention to improve its performance in the international market.