Chapter 1. Indian Pharmaceutical Market Overview
1.1 Scale of Pharmaceutical Market
1.1.1 Domestic pharmaceutical market
India is among the fastest growing pharmaceutical markets in the world. The domestic pharmaceutical market recorded sales of US$ 7.3 billion in 2006 with a growth of 17.5 per cent over the previous year.
1.1.2 Pharmaceutical Industry
The Indian pharmaceutical industry
_In case of patent trolls which do not produce goods, because they perform exercise of right aiming solely for monetary profit, not only large enterprises but also small & medium enterprises get involved in patent suits, which massive expense of monetary source is concerned according to the progress and result of the suit.
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act of PACST’ was enacted by law. This ‘act of PACST’ became main index in development of science advising council as consulting. With this act, PACST re-established and became official council in 1991.05.31.
3) First revision of ‘act of PACST’ and change in PACST
After PACST officially re-established with legislation of ‘act of PACST’, two problems issued soon. Two problems wer
act subject to these rules is to be performed.
Beneficiary means the party in whose favour a credit is issued.
Complying presentation means a presentation that is in accordance with the terms and conditions of the credit, the applicable provisions of these rules and international standard banking practice.
Confirmation means a definite undertaking of the confirming bank, in addition to t