Kalroma Information has stated in a report that by 2011 global pharmaceutical outsourcing of manufacturing might cross the figures of $26 billion. With outsourcing of sales and marketing also becoming popular it would be adding $5 billion to the manufacturing outsourcing market and this would push the figures past $30 billion. Outsourcing marketing is gaining popularity due to the fact as companies lack fund expertise.
Why companies are moving towards manufacturing outsourcing is due to the availability of production technologies and state of the art processes. Certainly outsourcing has spread across various sectors and they are reaping the benefits of outsourcing. India is expected to get a major share in it.
