Reeling under thin margins, small and medium pharmaceutical companies in the Baddi-Barotiwala-Nalagarh belt in Himachal Pradesh are facing an uncertain future, with the excise duty concessions of a majority of the units set to expire between 2014 and 2016.Insiders said over-capacity, dependence on large players for orders, lack of marketing acumen, and withdrawal of tax benefits are affecting profits, placing a question mark over their future. A few SMEs have already approached potential buyers and are also open to joint ventures.

Source - http://www.business-standard.com