India, Sept. 1 -- image credit- freepik

India's pharmaceutical industry is entering a new chapter in its global evolution. For decades, the country earned its reputation as the "pharmacy of the world" on the strength of its generic medicines, contract manufacturing, vaccines and ability to deliver affordable healthcare at scale. Today, however, India's role is expanding beyond manufacturing and cost efficiency to include innovation, specialised expertise and global capability building.

The rapid growth of Global Capability Centres (GCCs) is a clear reflection of this shift. Pharma GCCs in India are moving well beyond traditional functions such as finance, information technology, procurement and back-office operations. They are increasin...