After years of quality issues and export bans, the Drug Controller General of India (DCGI) is set to draft an amendment to existing pharmaceutical manufacturing laws to raise drug manufacturing quality to meet international standards.

Within the next six months, the DCGI will push a proposal before the government to amend the Drugs and Cosmetics Act of 1940, and the Drugs and Cosmetics Rules of 1945.

The goal, according to the drug controller of India, is to revisit present laws and bridge the gap between Indian manufacturing practices and the established WHO good manufacturing practices.

The DCGI plans to evaluate current regulations and GMPs in the US, Europe, Canada, Japan and Australia as part of the process. Last year, India’s Central Drugs Standard Control Organization issued new guidelines for state inspectors on how to prepare for and conduct GMP inspections of drug manufacturing facilities. The Indian pharmaceutical industry–which has the the largest number of FDA-approved manufacturing facilities outside the U.S–has been plagued with import alerts and quality issues from prominent manufacturers such as Wockhardt, Sun and Ranbaxy.

Propelled by continuous growth in industrialization, especially in developing economies, increasing water contamination and increasing awareness about the importance of clean drinking water is expected to drive the water treatment systems market at a compound annual growth rate of 8.52% from 2015 to 2020.

The market in the Asia-Pacific region is expected to register the highest growth by 2020 owing to significant investment in point-of-entry technologies, as well as its growing economy. The growth of this region is supplemented by the rising demand for clean drinking water in developing economies such as India and China. The main key players in this market are The DOW Chemical Company, Honeywell International Inc., 3M Company , Danaher Corporation, Pentair PLC , Best Water Technology (BWT) AG , Calgon Carbon Corporation , Culligan International, General Electric and Watts Water Technologies Inc.

Your customers all use them. So do you. Here’s four emerging trends with credit cards:

1. Mobile and Alternative Payments Are Reshaping the Consumer Experience. New innovative payment methods are quickly gaining popularity. With the rise of mobile devices, consumers are increasingly turning to mobile and alternative payment options. Cash, checks, and credit cards could eventually become relics of the past. POS mobile payments reached $35 billion in 2014, and strong growth is expected through 2017, according to the report Mobile and Alternative Payments in the U.S., Forth Edition.

2. The Small Business Card Market Is Positioned for Growth. The U.S. small business card purchase value is an estimated $505 billion, up 10.1 percent from 2013, according to Packaged Facts, a leading publisher of market research. The market for U.S. small business cards is expected to grow into 2016. Several factors contribute to the upswing, including increased industry innovation, employment growth, and favorable macroeconomic trends. For more information, see the Financial Services for Small Businesses in the U.S. Third Edition report.

3. Co-Branded Credit Cards Are Attracting Millennials.  In an intensely competitive market environment, a variety of players are pursuing affluent consumers by offering co-branded credit cards with more rewards and deeper benefits. According to a 2015 report titled Co-Branded and Affinity Cards in the U.S. Fifth Edition, co-branded credit cards generated $809 billion in U.S. purchase value. Visa captured the greatest share at 47 percent, followed by MasterCard at 30 percent, and American Express at 23 percent. Co-branded cards are working to draw in more millennials, at a time when it is increasingly difficult for marketers to rely on brand loyalty.

4. Affluent U.S. Consumers Remain a Key Target Market. Because affluent consumers tend to use their credit cards frequently, spend large amounts of money, and pay on time, they are an important target market for credit card companies, particularly during turbulent economic times. Credit card companies market to luxury consumers by offering access, concierge services, security, and exclusivity. World Elite MasterCard, for example, entices affluent households with an on-call personal travel advisor, luxury benefits and amenities, and VIP promotions. Although emerging luxury markets are expanding rapidly in places like China, the U.S. luxury market remains the world’s largest. According to the Federal Reserve Bulletin, there are 11.53 million millionaire households in the United States.

source: blog.marketresearch.com

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