Novo Nordisk is planning to increase its workforce in India, as the staff are cheaper and the education level is high, it was reported on 26th September 2009.
The Danish company currently has 100 employees in India, and it is planning to increase this to around 500 staff in the next three to five years.
The wage level in India is around 20-40% of a salary in Denmark. However, Novo Nordisk will not reduce its Danish workforce to compensate for more employees in India; instead this will reflect the company’s overall growth.
Further reading - A detailed analysis of the Indian pharmaceutical market, including more information on domestic producers, is available from Espicom: The Pharmaceutical Market: India (published September 2009)