API Market in Asia to Reach US$ 57 Billion by 2018
Asia Pacific is fast becoming a dominant region in the global API business, both in terms of supply and demand. Countries such as India and China have become global hubs for API outsourcing, primarily due to their low cost of production and strong domestic demand. Procuring APIs from the two countries assures nearly half to one-third cost savings, compared with sourcing from the US. Production cost heads like labor, utility, capital, and quality assurance are key drivers for cost advantage.
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