Mumbai: Novartis Pharma AG has set a software development
centre at Mumbai.
The project labelled Development IT@India
would look to enhance the strength of Novartis'' three
other centres in Switzerland, the US and UK by providing
specialised IT solutions for drug development in a cost-effective
and timely manner.
Mosfegh, global head of development IT, Novartis Pharma
AG, told press persons that India''s choice as the fourth
site was a logical choice over countries such as Ireland,
Spain, Italy, China and Russia. "Expertise, skill
and quality were some of the reasons that India was chosen
over the other countries," he said, in response to
whether economics where the only choice to swing the project
would have 60 full-time employees in India in 2004 and
would look to scale this up to 102 between 2005 and 2008,
he said. The project would result in a saving of $42 million
for the company over five years.
Barington, chief information officer of Novartis, said
the company invested about $1 billion on IT per annum,
to support corporate, pharma and consumer health activities.
Shahani, country president of Novartis India, said that
the convergence of pharma and info-tech heralded the changes
set to take place in the pharma segment post 2005, when
India conforms to internationally recognised intellectual