This particular industry contributes much to the economic development of India. The sector is a major source for various medicines, drugs and other related pharmaceutical formulations. The main aim of these public sector companies is to manufacture quality products and to distribute to all at affordable prices. There are mainly five government owned pharmaceutical companies in the country.

Major Government Companies in Drugs and Pharmaceuticals Sector

Indian Drugs and Pharmaceuticals Ltd. (IDPL) – IDPL is the central pharmaceutical sector that is fully under the control of government of India. It was founded in the year 1961. The tremendous growth of the company has made a change in the development of economy of the country. It has become a role model in healthcare to various other pharmaceutical firms.

List of Drugs and Pharmaceutical Companies in Western part of India

Hindustan Antibiotics Limited (HAL) – HAL located in Pune was established during the year 1955-1956. It has also four joint sectors in the country. The company manufactures various drugs like Penicillin, Streptomycin and a number of formulations.

List of Drugs and Pharmaceutical Companies in Eastern part of India

Bengal Chemicals and Pharmaceuticals Limited (BCPL) – BPCL was formerly known as the Bengal Chemical & Pharmaceutical Works Limited. The company was known in this name from the year 1901. It started working in its present name from 1981. The company is said to be the heritage firm of Indian industries.

Bengal Immunity Limited (BIL) – The Company was formerly a sick company in the private sector with the name Bengal Immunity Company Limited. It was taken over by the Indian government in the year 1984. It has two manufacturing units in the country, one at Calcutta and other at Dehradun. The company manufactures various drugs like  Sera, Vaccines and Toxiodes.

Smith Stanisteet Pharmaceuticals Ltd (SSPL) – The Company was formerly known in the name Smith Stanistreet Company Limited. This was also a financially weak company in the private sector and was taken over by Central Government in the year 1972. But it was nationalized in the year 1977. It manufactures various drugs in the form of Tablets, Capsules, Parenterals and liquid orals.