The Indian pharmaceutical industry is a success story now providing employment for millions. A highly regulated sector, the Indian Pharmacy Industry is growing at about 8 to 9 percent annually and is expected to grow to US$ 12 billion by 2010. The presence of low-cost production facilities and a large science base is helping drive this trend. India is emerging as an attractive destination for clinical trials. Today, the market value of clinical research outsourced to India is estimated at US$ 100 million. The booming healthcare market has opened a window of opportunities in the medical device field, as well. The Indian biotech sector is expected to create about one million jobs by 2010.