Interesting article about the dramatic rise in salaries for top Pharmaceutical R&D talent in India. The article appeared in the Business Standard here.
The article mentions that:
"The average expenditure of pharmaceutical companies on research and development has increased four times in the last five years. Industry circles say a good share of the R&D expenses is on manpower, especially the heads of R&D."
Also in the article, Venkat Jasti who is CEO of Suven Life Sciences is quoted as saying:
“I would say the top-level scientists in India are paid the same as, or only about 10 per cent less than, the US standards. My R&D spend on salaries increased by 87 per cent last year.”
The lesson here is this - no matter where you are in the world - Good Talent is not cheap.
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