Manufacturing Drags without TNCs-Status of Indigenous Sector in India

Status of Indigenous Sector in India Sudip Chaudhuri The literature on the pharmaceutical industry in developing countries deals primarily with the activities of the transnational corporations (TNCs). While the critics of the TNCs highlight the nature of the market power possessed by the TNCs, the sources of such market power, the exaggerated claims made by the TNCs about the therapeutic value of the drugs developed by them, the over-pricing by the TNCs of the materials imported into the developing countries, etc, the defenders of the present structure dominated by the TNCs try to counter these arguments. The question of manufacturing technology developed by indigenous firms in the developing countries has been neglected in the literature, although it has a bearing on the debate regarding the role of the TNCs in the developing countries.