TPEDC (Training Placement and Entrepreneurship Development Cell) of Rajarshi Shahu College of Pharmacy, Buldana had organized a guest lecture on Pharma Entrepreneurship in Domestic and International Market for the students of B. Pharmacy Final year, Diploma Second year in Seminar Hall, on 06 October 2018. The Speaker for the lecture was Mr. Deepak Rathi, who is an owner of Care and Cure Laboratories, Director of Orgherb Pvt. Ltd. Pune, MD at Sunvero foods Pvt. Ltd. Mumbai. having specialized in Domestic & International Pharma Market over the past 13 years. Dr. S. P. Jain, Principal, RSCP Buldana felicitated Mr. Deepak Rathi for the Guest Lecture. Mr. Madhav Chakolkar Assistant Professor, Dept Pharmacognosy introduced the speaker and Mr. Shadan Ahmed has introduced the topic of the lecture to the students. In his lecture Mr. Deepak Rathi discussed the current scenario about pharma market in at domestic as well as international level. He has also introduced the growth of Indian pharmaceutical industry, i.e. market size of $27.57 billion (2016) is expected to reach a mark of $55 billion by 2020. In the next three years, India is projected to be among the top three pharmaceutical markets in terms of growth rate and the sixth largest market globally in absolute size. He has also introduced and explained in details about generic and branded medicines.He has spread a light on concept of drop-shipping in India, as it is still gaining momentum and penetrating deeper into markets. It is popular with larger e-retailers who want to minimise investments in stocking up inventories. Apart from bigger players, several retailers are also using this model extensively. A drop-ship based business also offers greater flexibility and allows the seller to test new markets without having to worry about unsold inventories. He has concluded his lecture with the comment that “Currently the industry is growing at a rate of 9-10% year-on-year, which is a healthy growth because this is largely a volume led business. This is a fundamental advantage of an emerging market economy like India.At the end of the session Mr. Deepak Bhusari has expressed Vote of thanks to Resp. Principal Sir, Chief Guest and all participants, teaching staff and supporting staff of RSCP, Buldana.
