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I would like to thank Transcon Hi Tech Equipments Pvt. Ltd for giving me an
opportunity to work with them and learn various aspects of an organizations
functioning.
Executive Summary
1. INTRODUCTION TO INDUSTRY
Pharmaceutical industry
Current Scenario
The industry has enormous growth potential. Factors listed
below determine the rising demand for pharmaceuticals.
The growing population of over of a billion
Increasing income
Demand for quality healthcare service
Changing lifestyle has led to change in disease patterns,
and increased demand for new medicines to combat lifestyle
related diseases
More than 85 per cent of the formulations produced in the
country are sold in the domestic market. India is largely self-
sufficient in case of formulations. Some life saving, new
generation under-patent formulations continue to be
imported, especially by MNCs, which then market them in
India. Overall, the size of the domestic formulations market is
around Rs160 billion and it is growing at 10 per cent per
annum.
Demand for drugs for treatment of lifestyle-related diseases
such as diabetes, cardiovascular diseases, and central
nervous system are on the increase. There are around
700,000 new cases of cancer each year and total of around
2.5 million cases. It is estimated that there are around 40
million people in India with diabetes and the number is rising,
5.1 million. HIV/AIDS patients, and 14 million tuberculosis
cases. According to industry reports, while the Indian
pharmaceutical industry witnessed a growth of 7 percent, the
cardio-vascular segment recorded 15 to 17 percent growth
and anti-diabetes segment of over 10-12 percent growth.
Diagnostic Outsourcing/ Clinical Trails
The Indian diagnostic services are projected to grow at a
CAGR of more than 20 per cent during 2010-2012.
Some of the major Indian pharmaceutical firms, including
Sun Pharma, Cadilla Healthcare and Piramal Life Sciences,
had applied for conducting clinical trials on at least 12 new
drugs in 2010, indicating a growing interest in new drug
discovery research
Generics
India tops the world in exporting generic medicines worth
US$ 11 billion and currently, the Indian pharmaceutical
industry is one of the world's largest and most developed.
Moreover, the Indian generic drug market to grow at a
CAGR of around 17 per cent between 2010-11 and 2012-13.
Union Minister of Commerce and Industry and Minister for
Trade and Industry, Singapore, have signed a 'Special
Scheme for Registration of Generic Medicinal Products from
India' in May 2010, which seeks to fast-track the registration
process for Indian generic medicines in Singapore.
Government Initiative:-
100 per cent foreign direct investment (FDI) is allowed under
the automatic route in the drugs and pharmaceuticals sector
including those involving use of recombinant technology.
(DIPP)
The Government plans to set up a US$ 639.56 million
venture capital (VC) fund to give a boost to drug discovery
and strengthen the pharma infrastructure in the country.
The Government had issued an expression of interest (EoI)
for technical and financial bids for the selection of a global
level consultant (GLC) for the preparation of a detailed
project report (DPR) in order to develop India as a drug
discovery and pharma innovation hub by 2020. The Drugs
and Pharmaceuticals Manufacturers Association has
received an in-principle approval for its proposed special
economic zone (SEZ) for pharmaceuticals, bulk drugs, active
pharmaceutical ingredients (APIs) and formulations to be
located at Nakkapalli mandal in Visakhapatnam district.
The Department of Pharmaceuticals has prepared a
"Pharma Vision 2020" for making India one of the leading
destinations for end-to-end drug discovery and innovation
and for that purpose provides requisite support by way of
world class infrastructure, internationally competitive
scientific manpower for pharma research and development
(R&D), venture fund for research in the public and private
domain and such other measures.
Investment:-
Total private equity funding going to this sector. In the third
quarter the calendar year 2010, a total of US$ The
healthcare sector has attracted growing investor support in
2010 with nearly a tenth of the 2,047 million was invested
across 88 deals, of which 9 per cent were healthcare deal
The pharma, healthcare and biotech sector witnessed five
merger and acquisition transactions (M&A) worth US$ 250
million.
The drugs and pharmaceuticals sector has attracted FDI
worth US$ 1,825.43 million between April 2000 and
September 2010.
Some of the major investment developments in the sector
include:-
Hyderabad-based Natco Pharma plans to raise US$ 22.22
million to fund its expansion plans and research activities.
Private equity major Sequoia Capital has made its first
investment in the pharmaceutical 12 sector in the country by
investing US$ 15.86 million into Celon Labs, which will use
the funds to double its manufacturing facility.
Belgium based Helvoet Pharma, part of the Daetwyler Group
is setting up its first greenfield production facility in Khandala
Industrial Area, phase I (SEZ), on Pune- Bangalore Highway,
near Pune. The company has invested US$ 26.56 million for
the plant.
Swiss Pharma major Lonza AG, would invest around US$
55.33 million through its Indian subsidiary in a phased
manner in Genome Valley project, Hyderabad, said Stefan
Borgas, CEO, Lonza.
Chennai-based Bafna Pharmaceuticals plans to raise
around US$ 4.43 million for its future expansion by issuance
of warrants and shares
. Hyderabad Menzies Air Cargo Private Limited, a joint
venture between GMR Hyderabad
International Airport Limited (GHIAL) and Menzies Aviation,
has launched India's first airport-based pharma zone,
dedicated pharmaceutical cargo storage and handling
facility, at Hyderabad. The project involved an investment of
US$ 1.22 million
Company profile:-
MISSION
To achieve and sustain our position in Pharmaceutical
Healthcare Sector. Our continuous improvement translates
into success and benefits for our team, our customers and
communities with world class pharmaceutical products for
industries manufactured at its state-of-art ultra modern
manufacturing facility set up in Northern Indian state
Himachal Pradesh, Paonta Sahib, spread over 8 acres in
the excise free zone of Himachal Pradesh, India. Transcom
is accredited with GMP and is equipped for manufacturing
Soft Gelatin and Oral Liquid Pharma Division formulations
with installed plant capacity of about 5 Crore CAP, 75 Lakhs
Oral Liquid units respectively per month.
Manufacturing Facilities
Transcon Hi-Tech has a well-planned infrastructure with
dedicated and segregated blocks for Soft gelatin capsules &
Liquid.
HVAC System:-
We have centralized HVAC system for core process area. Our
HVAC system comprise liquid chiller, chilled water pump,
cooling tower AHU, Dehumidifiers etc.
HVAC system is set up according to GEP & cGMP to supply
good quality of air /controlled air in core process area.
Marketing
Marketing is the activity, set of institutions, and processes for
creating, communicating, delivering, and exchanging offerings
that have value for customers, clients, partners, and society at
large. The term developed from the original meaning which
referred literally to going to market with goods for sale. From
a Sales process engineering perspective, marketing is "a set of
processes that are interconnected and interdependent with
other functions" of a business aimed at achieving customer
interest and satisfaction
The process of marketing is that of bringing a product to
market. As such, the steps include broad market research;
market targeting and market segmentation; determining
distribution, pricing and promotion strategies; developing a
communications strategy; budgeting; and visioning long-term
market development goals. Many parts of the marketing
process (e.g. product design, Art direction, Brand
management, advertising, Copywriting etc.) involve use of the
creative arts.
Product orientation
A firm employing a product orientation is mainly concerned with
the quality of its own product. A firm would also assume that as
long as its product was of a high standard, people would buy
and consume the product.
This works most effectively when the firm has good insights
about customers and their needs and desires, as for example in
the case of Sony Walkman or Apple iPod, whether these derive
from intuitions or research.
Sales orientation
A firm using a sales orientation focuses primarily on the
selling/promotion of a particular product, and not determining
new consumer desires as such. Consequently, this entails
simply selling an already existing product, and using promotion
techniques to attain the highest sales possible.
Such an orientation may suit scenarios in which a firm holds
dead stock, or otherwise sells a product that is in high demand,
with little likelihood of changes in consumer tastes diminishing
demand.
Production orientation
A firm focusing on a production orientation specializes in
producing as much as possible of a given product or service.
Thus, this signifies a firm exploiting economies of scale, until
the minimum efficient scale is reached.
A production orientation may be deployed when a high demand
for a product or service exists, coupled with a good certainty
that consumer tastes do not rapidly alter (similar to the sales
orientation).
Marketing orientation
The marketing orientation is perhaps the most common
orientation used in contemporary marketing. It involves a firm
essentially basing its marketing plans around the marketing
concept, and thus supplying products to suit new consumer
tastes.
As an example, a firm would employ market research to gauge
consumer desires, use R&D to develop a product attuned to the
revealed information, and then utilize promotion techniques to
ensure persons know the product exists. The marketing
orientation often has three prime facets.
Customer orientation
A firm in the market economy can survive by
producing goods that persons are willing and able to buy.
Consequently, ascertaining consumer demand is vital for
a firm's future viability and even existence as a going concern.
Organizational orientation
In this sense, a firm's marketing department is often seen as of
prime importance within the functional level of an organization.
Information from an organization's marketing department would
be used to guide the actions of other department's within the
firm. As an example, a marketing department could ascertain
(via marketing research) that consumers desired a new type of
product, or a new usage for an existing product. With this in
mind, the marketing department would inform the R&D
department to create a prototype of a product/service based on
consumers' new desires.
The production department would then start to manufacture the
product, while the marketing department would focus on the
promotion, distribution, pricing, etc. of the product. Additionally,
a firm's finance department would be consulted, with respect to
securing appropriate funding for the development, production
and promotion of the product.
Inter-departmental conflicts may occur, should a firm adhere to
the marketing orientation. Production may oppose the
installation, support and servicing of new capital stock, which
may be needed to manufacture a new product. Finance may
oppose the required capital expenditure, since it could
undermine a healthy cash flow for the organization.
The macro-environment
A firm's marketing macro-environment consists of a variety of
external factors that manifest on a large (or macro) scale.
These are typically economic, social, political or technological
phenomena. A common method of assessing a firm's macro-
environment is via a PESTLE (Political, Economic, Social,
Technological, Legal, Ecological) analysis. Within a PESTLE
analysis, a firm would analyze national political issues, culture
and climate, key macroeconomic conditions, health and
indicators (such as economic
growth, inflation, unemployment, etc.), social trends/attitudes,
and the nature of technology's impact on its society and the
business processes within the society.
The micro-environment
A firm's micro-environment comprises factors pertinent to the
firm itself, or stakeholders closely connected with the firm or
company.
A firm's micro-environment typically spans:
Customers/consumers
Employees
Suppliers
The Media
By contrast to the macro-environment, an organization holds a
greater degree of control over these factors
Marketing Research:-
Marketing research is a systematic process of analyzing data
which involves conducting research to support marketing
activities, and the statistical interpretation of data into
information. This information is then used by managers to plan
marketing activities, gauge the nature of a firm's marketing
environment and to attain information from suppliers.
A distinction should be made between marketing research
and market research. Market research pertains to research in a
given market. As an example, a firm may conduct research in a
target market, after selecting a suitable market segment. In
contrast, marketing research relates to all research conducted
within marketing. Market research is a subset of marketing
research.
Marketing researchers use statistical methods (such
as quantitative research, qualitative research, hypothesis
tests, Chi-square tests, linear regression, correlation
coefficients, frequency distributions, Poisson and binomial
distributions, etc.) to interpret their findings and convert data
into information.
The Marketing Research Process
3.1 Title
1. Quantitative Research
2. Qualitative Research