New Delhi, Feb. 11 -- In the pharmaceutical world, a CDMO (contract development and manufacturing organization) is essentially the "powerhouse behind the brand".

Instead of a pharma company building its own factories and labs, which costs a lo, they hire a CDMO to handle everything from the initial drug chemistry to mass-producing the final pills or injections.

The nation has pivoted from being the "pharmacy of the world" (focused on cheap generics) to a global CDMO hub.

Here is why the Indian market is currently focused on this sector.

India offers a significant cost advantage-often 30-50% lower than Western nations-without sacrificing technical expertise. The nation has one of the highest numbers of US FDA-approved manufacturing pla...