The Indian pharmaceutical industry is estimated to grow at 20 percent compound annual growth rate (CAGR) over the next five years, according to India Ratings. Industrial advances, involvement of MNC’s seeking clinical solutions are making the Indian pharma industry grow over 15 percent per annum between 2015 and 2020; this is expected to outperform the global pharma industry. Over 15000 of the workforce of the clinical research industry in India which counts to 25 percent are trained by Institute of Clinical Research India (ICRI).
Having trained one-fourth of the work force, ICRI happens to be one of the major educational institutes preparing managerial professionals in clinical research who are present in top leads in MNC’s. The reason ICRI started in 2004 was TRIPS agreement and the patent act passed by Indian parliament in 2004 and 2005 respectively. One single element that makes the institute stand strong is the training and learning methodology which brings employability and career opportunities to the students. Apart from the theory, ICRI has put much emphasis on the practical application, investigations and research to infuse skills which would cater them the best jobs in this field. The training modules prepared cover the whole spectra of issues critical to the operation within the biopharmaceutical and clinical trial industry.