Life Sciences Industry in India: Insights into Human Capital & Locations 2020

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Foreword

Our world has changed rapidly since the outbreak of the pandemic. Businesses have been forced to reimagine themselves. As companies globally reorganize themselves looking for growing markets, stability; reliability in their supply chains; efficiency in operations and workforce, new opportunities emerge.

A promising opportunity for global companies lies in India which uniquely offers both a large and growing demand, and base for the life sciences industry, beyond just APAC. A democratic India offers an alter In-State to China, as the world loses confidence in China’s economy, governance, and geo-political intentions. With many marquee life sciences manufacturing companies already running large operations in India, it is not a leap of faith but a logical destination to achieve the manufacturing imperatives of scale, efficiency and quality.

The objective of this report is to provide executives from the life sciences industry anywhere in the globe, very relevant information which will help them:

  1. Quantify cost and skill advantages in human resources that India offers
  2. Select the right manufacturing destination within India based on their individual context
  3. Obtain human resources and related data for business planning

This is the most comprehensive report on the life sciences industry, which covers the various sub-sectors such as pharmaceuticals, medical devices and biotech in great detail. The workforce insights and compensation benchmarking will provide unparalleled insights across all business functions and seniority levels. I thank you for trusting us to provide this critical human capital related information. We hope you are successful in your journey, of expanding or investing in your manufacturing base in India. Stay safe. Stay strong. Make in India.

Gaurav Chattur
Managing Director, Asia-Pacific
Catenon APAC

Executive Summary

As businesses globalize and traverse international borders, supply chain decisions have become increasingly complex. One of the key strategic issues that life sciences companies face is the selection of location to set up a new facility. Often, the strategic selection of a country is driven by broader issues such as ease of doing business, tax regimes, labor reforms and strength of supply chain, which drive the favorability of a country as the manufacturing destination of choice. Geopolitical issues have emerged as an important consideration for global companies to make such decisions. India ranks highly on the world map as an attractive destination for global life sciences companies. This helps companies get access to a huge local market while also de-risks their supply chain aberrations. There has been a series of initiatives and policy reforms undertaken by the Indian government to establish India as a manufacturing hub for the life sciences industry. These include, but are not limited to corporate tax reduction in 2019, Make in India, Skill India and many more. Recently, the Central Government and various state governments have made robust announcements to attract foreign firms to start manufacturing operations in life sciences in India by further easing land acquisition and labor laws.

While there is abundant knowledge around frameworks that help in making decisions related to selection of location to set up a manufacturing facility, synthesis of information to evaluate the multiple criteria that feed into these frameworks is often a herculean task. Some important factors that leaders need to make informed decisions are:

  1. Industry ecosystem
  2. Workforce & skill availability
  3. Manpower cost
  4. Workforce preferences
  5. Developmental Parameters and Quality of Living
  6. Transportation (Air, Rail, Road, Ports)
  7. Digital connectivity (broadband, voice)
  8. Tax incentives

Decision makers often struggle to obtain accurate and relevant data on each of the above factors. This report covers the life sciences industry while duly taking into consideration the diverse nature of clusters and workforce issues within every sub-sector of the industry. Whether you are looking for intelligence regarding a specific location or want to have a detailed view on salary levels across functions such as operations, sales, marketing etc, this is the most comprehensive report you can consider.

The report is divided into three sections, each covering a specific aspect of the life sciences industry

  1. Location Intelligence & Developmental Parameters
  2. Workforce Insights & Compensation Intelligence
  3. Additional Industry Insights

This report has been created with a singular focus in mind – to help decision makers obtain the right set of data points and information to make decisions regarding locations and human resources pertaining to the life sciences industry in India. The granularity of the report in terms of sub-sector and cluster level information makes it a must have tool for decision makers in the life sciences industry.

17
Business Functions
200K+
Data Points
150+
Industry Professionals
20+
HR Leaders

Table of Contents

  1. Location Intelligence
    • Manufacturing clusters for the life sciences industry in India by sub-sector
    • Transportation connectivity (airports, railway stations, highways and ports)
    • Developmental parameters and digital network connectivity (broadband and voice)
    • Industry ecosystem
    • Presence of other manufacturing industries in the clusters
    • Major global companies for life sciences industry having manufacturing in India
  2. Workforce Insights & Compensation Benchmarking
    1. At life sciences industry level:
      • Workforce pyramid
      • Local language proficiency
      • STEM and business/management education levels in workforce
      • Digital proficiency in the workforce
      • Location satisfaction, willingness to migrate and influencing factors
    2. For various sub-sectors of the life sciences industry:
      • Workforce pyramid for each function
      • Education insights for each function and work level
      • Average salaries for each function and work level
      • Industry Insights
  3. Industry Insights
    1. Availability of white-collar workforce in life sciences industry
    2. Availability of skills and competencies amongst the workforce:
      • Technical
      • Digital
      • Behavioral
      • Interpersonal
      • Leadership
    3. Average salary increments
    4. Companies exporting produce
    5. Share of on-roll and off-roll employees
    6. Insights in outsourcing blue-collar workforce
    7. Training and development costs
    8. Employee ratings of work environment, location parameters and factors influencing job change

Sectors Covered

  • Pharmaceuticals (API and bulk drugs, generics and finished dosages, nutraceuticals etc.)
  • Medical Devices (ventilators, testing equipment, nebulizers, consumables including syringes, gloves, thermometer etc.)
  • Biotech (biopharmaceuticals, biosimilars etc.)

 

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