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EMP WEL - Dr. Reddy's Laboratories - 24
EMP WEL - Dr. Reddy's Laboratories - 24
INTRODUCTION
1
INTRODUCTION
Worker Government help extends well beyond salaries and includes everything done
for the comfort and advancement of employees. In order to retain the employees on
the job for a longer period of time, government aid helps maintain the representatives'
inspiration and enthusiasm strong. The welfare measures might be of any form and
don't necessarily have to be financial. Representative government aid includes
examining working conditions, creating a contemporary framework for wellness,
modern relationships, and protecting workers and their families from illness, accident,
and unemployment.
Labour welfare is the collective efforts made by an employer to provide their staff
certain facilities and services in addition to pay or compensation.
The following are the main features of work government support measures:
2. Workers might get welfare benefits in addition to regular salaries and other
financial perks because of legislative restrictions and collective bargaining.Worker
welfare programmes are flexible and dynamic. Occasionally, additional government
aid programmes are introduced to the ones that already exist.
• Government aid programmes do certainly lessen the social wrongs that are
ubiquitous in society, such as drug abuse and other issues.
3
NEED OF THE STUDY:
In the workplace, we often find a need for government support and relations. We may
see in the workplace that relations play a crucial role in the accomplishment of
initiatives. A leader who lacks the ability to understand and use relationships will
never be successful. Anyone seeking leadership or relations should understand
"Howletts Progressive system of Work Inspirations."
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OBJECTIVES OF THE STUDY:
5
SCOPE OF THE STUDY
• The study's only focus and relevant subject is DR. The Reddy Laboratories.
• The evaluation discusses several levels of representatives' use of persuasion in DR.
REDDY'S Research centres.
• The research supports management's assessment of the employee's performance.
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RESEARCH METHODOLOGY
The central concept of the study served as the foundation for the whole technique.
The following techniques were used to fulfil the requirements: • Specifying goals
Creating information sources, gathering data, analysing data, and making suggestions
The process for data collection, analysis, and interpretation is described here.
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LIMITATIONS OF THE STUDY:
8
CHAPTER-II
REVIEW OF LITERATURE
THEORETICAL FRAMEWORK
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EMPLOYEE WELFARE
Welfare is anything done for an employee's comfort and well-being that goes beyond
remuneration. By offering perks, employers may keep up employee enthusiasm and
morale for a longer length of time. The welfare measures don't have to be only
monetary; they may take any shape. Eformee government aid includes monitoring
working conditions, creating contemporary agreements via a basis for wellbeing,
creating contemporary relationships, and providing insurance against sickness,
accident, and unemployment for the workers and their families.
Labour welfare refers to any employer initiatives intended to provide workers with
specific facilities and services in addition to pay or salary.
The following are the main features of work government support measures:
2. Workers might get welfare benefits in addition to regular salaries and other
financial perks because of legislative restrictions and collective bargaining.Worker
welfare programmes are flexible and dynamic. Occasionally, additional government
aid programmes are introduced to the ones that already exist.
10
Welfare programmes are designed to foster a workforce that is successful, healthy,
committed, and content for the organisation. These amenities are offered to them to
better their level of life and enhance their working environment. Following is a
summary of the key benefits of government aid programmes:
• Government aid programmes do certainly lessen the social wrongs that are
ubiquitous in society, such as drug abuse and other issues.
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Employee Welfare Schemes
Businesses provide wellness amenities to keep their staff members motivated. Legal
and illegal government aid programmes may be divided into two categories when it
comes to employee welfare programmes. The legal plans are those that must be
provided by an association in accordance with the rules governing employee safety
and welfare. These include the terms of the Factories Act of 1948, the Dock Workers
Act, and the Mines Act of 1962 (safety, health, and welfare). The non-statutory
programmes differ from one sector and organisation to another.
1. Drinking Water: Safe, clean drinking water has to be available at all locations
where operations are taking place.
4. bathrooms and Urinals: Enough bathrooms and urinals must be provided in the
office and plant premises, and they must also be maintained in a spick-and-span
manner.
6. Spittoons: In every business, including warehouses, shops, offices, and the dock,
spittoons must be available in practical places and kept clean.
7. Lighting: Sufficient lighting must be supplied to ensure that personnel can operate
safely during night shifts.
8. Cleaning facilities: In the port area close to the workplaces, there are restrooms and
wash bowls with infinite taps on the stand pipe.
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9. Change rooms: Employees will have access to sufficient changing areas in the
manufacturing area and office building to change into their uniforms. The workers are
also provided enough storage space for their belongings, including clothing.
10. Restrooms: The staff has access to enough facilities with running water, wash
basins, toilets, and other amenities.
SYSTEMS FOR WHICH THE LAW IS NOT PRESCRIBED The following list of
non-statutory welfare programmes might exist:
4. Discrimination Policy: Rules are accommodated for both authorised activity and
for protecting the worried representative in order to protect a worker from
provocations of any kind.
5. Workers may choose to take maternity or adoption leave. Many companies have
also established paternity leave programmes.
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EMPLOYEE WELFARE
Employee welfare is "efforts to make life worth living for workmen." These
initiatives either have their origins in a state-framed resolution, a local tradition, an
aggregate agreement, or the business's own drive.
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• to boost the effectiveness of recruiting (because these incentives make jobs more
attractive) and to lessen the risk of further administrative interference.
The following are often stated as the requirements for continuing to establish a
representative government assistance administration:
• The service must satisfy the genuine demands of the employees. This means that,
with the active assistance of the workforce, the chief must first ascertain what the
representative's actual needs are.
• The service need to be provided in a manner that is suitable for a cafeteria. The
preferences of employees for a given benefit vary widely depending on their gender,
age, marital status, number of children, kind of employment, and income level. The
cafeteria method is what we refer to as this. Although it could be difficult to
administer and execute, such a plan customises the benefit system.
• The price of the service should be defined, as should a reliable source of funding.
• Based on customer input, the service should undergo regular evaluations and be
swiftly changed as needed.
Avoiding accidents is a goal that need for clarity. A few of the significant expenses
related to accidents include the suffering of the injured, the reduction or loss of
earnings, the disabilities and incapacities of those involved, compensation, insurance,
and legal fees, lost time spent filling out reports and responding to inquiries, and the
loss of management's materials, equipment, and tools.
Accidents are often caused by two factors: specialised and human. Technical
factors encompass any design defects in the equipment, materials, tools, and entire
work environment. Therefore, poor lighting, insufficient ventilation, insufficient
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machine guarding, and negligent housekeeping are some concerns that might result in
accidents. Human factors include all harmful employee actions. A harmful act is often
the result of negligence.
Due to their difficulty adjusting to the workplace and to life in general, young
and new employees also have a much higher rate of accidents than older workers and
manual labourers.
Items that Make Up a Safety Service The following elements of a safety service have
proven effective when combined: • Large organisations are required to hire a safety
officer to oversee the safety department. The workforce director may handle the
components of this division in smaller organisations. The head of the safety
department, usually a staff member, is given the power to check the plant for harmful
conditions, create safety standards, encourage good safety practises (via posters and
safety campaigns), and report breaches to the plant manager.
Without assistance from anybody else, the head of the security section cannot make
an arrangement secure, regardless of whether they are a staff member or in a valuable
position. His plan lulls the executives into thinking that all of the company's security
concerns have been addressed.
Even if total risk eradication is almost unimaginable, the following steps may be
performed to help reduce it:
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A professional should review all work practises and skills to look for potential
hazards. He should then advise changes to their motion patterns, order, and other such
aspects.
• Location An employee who is put improperly is more likely to be hurt than one who
is placed properly. Employees should only be employed after carefully evaluating and
comparing the work requirements to the applicant's apparent talents.
• Minor injuries are commonly caused while using hand tools incorrectly or with
inadequate design. Therefore, the employees should be closely managed and provided
instructions on how to properly use the instrument when using the legal tool.
• Publicity, education, and safety training While safety education aims to increase
safety, safety training focuses on strengthening safety abilities. The use of safety
campaigns, suggestion prizes, and other multimedia tools are a few examples of many
approaches to educating staff members about safety.
• Health assessment
Medical Services Accident avoidance is just a small part of the duty for employee
upkeep. The representative's general health, including both physical and emotional
welfare, is a separate but equally important element.
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Services for occupational health consist of two parts:The first comprises three
parts: curative, preventive, and therapeutic.Pre-employment and ongoing medical
examinations, eliminating or minimising health hazards to the maximum degree
feasible, and 5. Observation over certain worker classes, such as women, young
people, and those exposed to special risks.
Assistance with counselling An employee regularly runs across problems that have
an emotional underpinning. He may be nervous as he approaches retirement, or he
might be being promoted and hesitant to take on more responsibility, or he can be
worried about a family matter.
Our Constitution's Order Standards of State Strategy section explains the need
for work-related government support in the following manner:
3. That the inhabitants, or people, retain the right to an adequate form of occupancy;
4. That the division of ownership and control over material resources undermines the
common welfare.
1. The state is required to provide maternity leave and fair and humane working
conditions.
The basic legislation in India that creates a number of labour welfare programmes is
the Factories Act of 1948. Where an assembly cycle is being continued, the
Demonstration is applicable to all bases employing at least 10 workers where power
is used and at least 20 specialists otherwise.
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Officer for Employee Welfare A minimum of one welfare officer must be appointed
by the employer in any plant with 500 or more regular workers, as per Section 49 of
the plant Act.
collaborating with the general population to make sure that certain laws are correctly
applied.
Health of Employees
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employee. A factory that was erected after this act takes effect must have at
least 4.2 cubic metres of space.
7. • Lighting. The State Government may support the notions of suitable and
sufficient illumination.
8. • Drinking water Planning effectively will ensure that workers have access to
clean drinking water in accessible settings.
9. • Toilets and urinals There must be enough latrines and urinals that are clean,
well-ventilated, strategically placed, and built for both male and female
personnel.
10. • Spittoons. Spittoons will be positioned throughout the plant in a sufficient
number of practical places.
11. State of Representatives' Health
12. • The fencing of equipment. The moving and hazardous portions of the
apparatus must be safely contained. All nuts, screws, and teeth must be
entirely enclosed to eliminate risk.
13. • Perform work on or near moving equipment. Only a specially trained adult
male expert may apply grease or perform any other modifying procedures on
moving hardware.
14. • Teenagers using dangerous machinery. • A device for disconnecting power.
A young person will not be allowed to operate on any potentially dangerous
equipment that the state government has defined if he or she is not properly
trained or operating under the supervision of an experienced professional. A
suitable tool for reducing force in emergencies will be provided.
15. Hoists and lifts These will be constructed from sturdy materials, thoroughly
examined periodically, and adequately guarded to prevent someone or
anything from being discovered.
16. Government support for employees
17. The processing plants Act's mechanisms for government
representation are found in Section V. The key ones are as follows:
18. • Separate and properly screened washing facilities for male and female staff
are required.
19. • If employees must work while standing, an appropriate sitting arrangement
must be established for them. • Clothes that are not worn during work hours
and wet clothes must be dried in dedicated spaces.
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20. • During factory operating hours, there must be accessible the appropriate
number of first-aid boxes or cabinets with the requisite supplies—one for
every 150 workers.
21. • If the average number of employees is more than 150, a lunch room with
adequate lighting and ventilation must be provided. • The State Government
may decide to expect that in any predefined plant employing more than 250
representatives, a container will be given and maintained by the occupier for
the use of the employee.
22. Restrictions on Plants Follow up on young people's work:
23. 1. No child under the age of fourteen shall be compelled or authorised to work
in any factory according to Section 67.
24. 2. Child and adolescent employment (Section 68) Under no circumstances
may a child or teenager under the age of fourteen work in a manufacturing
unless the following requirements are met:
25. 1. The manufacturing plant's manager obtained a certificate of good health
from such a young
26. 2. While at work, the child or young person makes a symbolic allusion to the
endorsement.
27. 3. Wellness verification (Segment 69)
28. A guaranteeing professional must determine that a child is suitable for the job
before allowing them to work in the processing facility.
29. Aid from the government Assets
30. The government assistance reserves have been set aside to support the
endeavours of the businesses and the State Government under separate
authorizations in order to provide government assistance offices to the
labourers utilised in mica, iron, mineral, manganese metal and chrome
mineral, limestone and dolomite mines, and the beedi business.
31. A few of the welfare projects financed by the money include the
construction of healthcare facilities, housing, the supply of drinking water,
assistance with dependents' educational costs, and leisure.
32. Intentional Benefits
33. A few moderate CEOs also purposefully provide benefits to their
workers. Loans for personal transport, fair-price shops for necessities, loans to
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purchase houses and pay for children's education, and leave travel incentives
are a few of them.
34. Equipment for Representative Government Assistance Work
35. 1. The factory chief inspector Ensuring that the numerous aspects of the
Factories Act involving employee safety, health, and welfare are implemented
is the job of the chief inspector of factories, who normally works under the
administrative supervision of the labour commissioner in each state.
36. Focal Work Foundation 2.
37. The foundation was established in Bombay in 1966 to assist in the proper
implementation of the Production Lines Act, 1948; to provide a focal point of
information to managers, employers, workers, and other people concerned
about the prosperity of modern work; and to rekindle interest in the
application of the standards of contemporary wellbeing, wellbeing, and
government assistance.
38. Committee for Public Security 3.
39. The Public Security Committee was established as an independent public
body on March 4th, 1966 in Bombay at the initiative of the Association
Service of Work and Restoration, Administration of India, with the aim of
producing, fostering, and supporting the development of wellbeing and
mindfulness among the general populace.
40. 4. Mines Safety Director General The Director General of Mines Safety is
responsible for enforcing the Mines Act of 1952. In order to prevent the
spread of fire and the possibility of submersion, he examines the electrical
equipment and hardware provided in the mines and determines the thickness
of the borders between two adjacent mines.
41. Assessment of government support programmes
42. 1. The quantitative and subjective insufficiency of the examination staff has
been one of the main barriers to the effective authorization of the government
aid arrangements of the Manufacturing plants Act.
43. 2. At the moment, a worker government aid official cannot enforce rules
freely since he must operate under the pressure of the executives.
44. 3. Because they have been instructed by management not to bring their kids,
or because of transportation concerns, the women who work there do not
utilise the crèche facilities.
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45. public commission on proposals for representatives
46. 1. Effective enforcement is now necessary, and the safety features in the
legislation are adequate for the time being.
47. 2. Every fatal accident has to be thoroughly investigated and widely
publicised among workers.
48. 3. Employers need to take a more active role in promoting safety and
participating in accident prevention programmes.
49. 4. Safety should become regular for companies and workers, rather than just a
ritual as it is at the present.
50. 5. Unions should be just as concerned in promoting safety as they are in
raising wages.
51. COMMUNITY SECURITY Depending on the nation and political
philosophy, the phrase "Social Security" might signify many things. The
stated goal of communist countries is to provide complete assurance to every
person, from birth to death.
52. A few components of government-managed retirement are as follows:
53. Social securities can be divided into two categories: medical care, sickness
benefits, unemployment benefits, old age benefits, employment injury
benefits, family benefits, maternity benefits, incapacity benefits, and
survivorship benefits. Government funding is given for all programmes and
facilities under social assistance.
54. 2. Whether or not the state offers a subsidy, the state organises and finances
social insurance facilities via payments from companies and workers.
55.
56.
57. Indian social security Both forms of social security programmes are now well-
liked in India. The following is a list of the most important social assistance
programmes.
58. The following statutes are part of the social insurance approach, which
is more widely accepted than the social assistance approach.
59. The 1961 Workers' Compensation Act.
60. The 1948 Employees' State Insurance Act.
61. The 1948 Workers' State Insurance Act.
62. The 1961 Maternity Benefits Act.
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63. A. Coverage under the Employees' Compensation Act of 1923 All workers in
factories, mines, plantations, transportation companies, construction sites,
railways, ships, circuses, and other hazardous occupations listed in schedule II
of the Act are covered by this Act.
64. The Act grants the State Government authority to expand the Act's scope by
including any hazardous occupation on the schedule II list.
65. 1. Administration. The Demonstration is directed by the State Government
which delegates Magistrates for this reason under sec. 20 of Act.
66. 2. Benefits. According to the Act, a worker is entitled to compensation from
his employer for any personal injuries he sustains as a result of an accident
while working that leave him disabled for more than three days.
67. Benefits. Under the Act gratuity is payable to an employee on the termination
of his employment after he has rendered continuous service for not less than
five years. The completion of continuous service of five years is, how ever,
not necessary where the termination of the employment is due to death or
disablementGratuity is payable at the rate of 15 days' wages based on the rate
of wages last drawn by the employee for every complete year of service or
part thereof in excess of six months. But the amount of gratuity payable to an
employee shall not exceed Rs. 3.5 lakh.
68. Source of Funds. Under the Act gratuity is payable entirely by the
Employer. For this purpose is required either (i) to obtain insurance with the
Life Insurance Corporation, or (ii) to establish a gratuity fund. Thus it is his
liability to pay the premium in the first case to make the contribution in the
second case.
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2.2 ARTIClE/JOURNALS
LITERATURE REVIEW-1
ABSTRACT:
25
LITERATURE REVIEW -2
ABSTRACT:
The numerous company government support programmes will have an impact on the
worker's overall proficiency, adaptability, certainty, and well-being, which will lead
to an improvement. Representative government assistance's key goals are to improve
workers' life and keep them motivated and content. Government assistance
programmes may be both legal and illegal; decisions demand that businesses offer
representatives certain benefits in addition to compensation or other forms of
payment. The current analysis focuses on the employee government assistance offices
of Vindha Telelinks Ltd. Rewa in Madhya Pradesh and their impact on employee
competency. According to the report, vindhatelelinks Ltd. Rewa's employee wellness
facilities boost labour productivity. 3.64 (66%), calculated as the mean and rate
scores for the 22 items.
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LITERATURE REVIEW -3
ABSTRACT:
Employees are unquestionably significant stakeholders who help to calm the tremors
in the corporate environment and affect organisational success. Every organisation
has a critical responsibility to play in providing stakeholders with welfare amenities
that go beyond money, with workers obtaining precedence if priority is provided.
These facilities may be both financial and non-financial. Every organisation needs
happy employees to advance, and the concept of the representative was and always
will be a part of hierarchical effectiveness. Progressive and educated people may
choose to voluntarily supply these facilities as a social duty to their workers, or the
government and labour unions may create laws requiring them to do so.
Representatives have always been an essential part of an organisation, and this
research attempts to comprehend the actions taken to find worker government
assistance administration areas via the means of improving their quality of work life.
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LITERATURE REVIEW -4
ABSTRACT:
The absolute prosperity of representatives at work and at home is a concern for the
government. The many activities of the boss that are coordinated to provide the
representatives their own offices and carried out for their comfort and advancement are
referred to as worker government aid. By taking actions that prioritise employee welfare,
safety, and health, productivity may be raised. The various government help estimates
provided by the company will immediately impact the specialist's wellness, physical and
mental proficiency, sharpness, morale, and overall effectiveness, contributing to the greater
efficiency. The main goal of representative government assistance is to improve the lives of
its citizens and keep them motivated. Both statutory and non-statutory welfare interventions
are possible. For instance, rules mandate that firms provide their workers perks in addition to
pay. In this essay, an effort has been made to focus on the government employee help claim
to fame and how it affects representatives' performance..
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LITERATURE REVIEW -5
ABSTRACT:
The goal of the current research is to identify the representative government aid
estimates used in the IT sector. The phrase "employee welfare" describes any action
taken to enhance employees' comfort and well-being in return for salaries that go
above and beyond what is necessary for the business. Making workers' lives better
and keeping them content is the primary objective of employee welfare. They spend
at least half of their waking hours at work, either getting there or going home. They
understand that when they are relieved of stress in a sensible way, they contribute to
the association, and they believe that when members are dealing with challenging
circumstances or problems, the organisation should be able to provide them with
support. People have the right to be considered as whole beings with their own needs,
wants, and conflicts.
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CHAPTERT-III
INDUSTRIAL PROFILE
&
COMPANY PROFILE
30
PHARMACEUTICAL INDUSTRY PROFILE
The drug industry develops, distributes, and sells pharmaceuticals that are approved
for use as medications. Drug companies may negotiate on both generic and brand-
name medications. Regarding the safeguarding, testing, and marketing of
pharmaceuticals, they are depending upon several laws and rules. A specific
pharmaceutical industry's main goal is to create, investigate, and distribute medicines
so that society may have access to healthcare. The drug industry, like other
businesses, is required to adhere to certain rules and regulations.
Robert Gerster
The drug industry must adhere to regulations on patents, advertising, and testing of
treatments that are intended to be sold on the market as prescription drugs. Since the
beginning of the drug business in the nineteenth century, it has gone a long way and
is now one of the most powerful and successful industries on the globe, receiving
both criticism and praise.
The drug industry depends heavily on the developments and discoveries that are
produced while looking through new types of drugs and moreover when looking for
new types of medications. Comparing comparable medications or reports throughout
the industry is also possible, as different organisations within the drug industry tend
to approach the same problem in unique ways. Drug discovery and drug innovation
are two separate facets of the pharmaceutical business.
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Drug Production: Once the disclosure process is complete and anything is identified
as potentially being a pharmaceutical, this cycle is continued. The improvement
follows when the component is turned into a drug. Consequently, this is also seen as a
crucial cycle and has a great deal of relevance in the pharmaceutical industry. Despite
a minor slowdown in growth in North America and Europe, worldwide prescription
medication expenditure in 2006 came to a conclusion at $643 billion for the first time
ever. The United States dominates the worldwide pharmaceutical market, followed by
the European Union and Japan with $289 billion in yearly sales. developing nations
like China.
With impressive 81 percent growth, Russia, South Korea, and Mexico led that
market. Even though other leading firms had slowed down or no growth, US benefits
development maintained up. Despite this, the pharma industry continues to be the
most prolific in the United States and has been for a very long time. With an increase
of 17% on income, the pharmaceutical industry outperformed the list of the most
profitable businesses in the annual Fortune 500 review. Indian Drug Industry, which
has enormous capabilities in the complex sector of pharmaceutical manufacture and
research, is now the country's leading science-based industry. The pharmaceutical
market in India is estimated to be about $4.5 billion and growing at a pace of 8 to 9%
per year. It is a very well-organized industry. It scores quite well globally in terms of
technology, quality, and product diversity. Modern medicine, ranging from simple
brain painkillers to homegrown production, is available.
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It assumes a critical part in advancing and supporting improvement in the
fundamental field of prescriptions, brags of value makers and numerous units
endorsed by administrative experts in USA and UK. Global organizations related with
this area have animated helped and spread headed this powerful improvement in the
beyond 53 years and assisted with putting India on the Drug guide of the world.
There are more than 20,000 registered units in the pharmaceutical industry,
which is highly fragmented. Over the past two decades, it has grown significantly.
70% of the pharmaceutical market is controlled by the top 250 companies, with the
market leader holding nearly 7%. With seven price competition and government price
control, this market is extremely fragmented. Around 70% of India's demand for bulk
drugs, drug intermediates, pharmaceutical formulations, chemicals, tablets, capsules,
orals, and injectibles is met by the pharmaceutical industry. The core of India's
pharmaceutical industry consists of approximately 250 large units and approximately
8000 small scale units (including 5 Central Public Sector Units). These units make the
entire range of pharmaceutical formulations, which includes 350 bulk drugs and
medicines that are ready for patients to take. Specifically, pharmaceutical formulation-
producing chemicals with therapeutic value.
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Makes are allowed to deliver any medication properly supported by the
Medication Control Authority. Mechanically solid and absolutely confident, the drug
business in India has low expenses of creation, low Research and development costs,
imaginative logical labor, strength of public labs and a rising equilibrium of exchange.
With its extensive scientific expertise and research capabilities and the support of an
intellectual property regime, the pharmaceutical industry is well-positioned to
compete on the global market.
US PHARMACEUTICAL INDUSTRY
34
Alembic, Amrutanjan, Virchow Labs, Polydrug Labs, Dr. Reddy's Labs,
Aurobindo Pharma, Glad Organosys, and Astrazeneca Pharma are a few
examples of pharmaceutical companies.
35
CURRENT SCENARIO
The $4.01 billion Indian pharmaceutical sector is expanding at a rate of 14% annually.
It is among the biggest and most developed emerging countries. In the nation, there
are more than 20,000 registered medication manufacturers. The local pharmaceutical
sector is projected to generate more over Rs. 260 billion, or 1.3% of the global
pharmaceutical industry, in the fiscal year 2002. Of this, formulations would account
for Rs. 54 billion rupees (21%) and bulk drugs will account for the rest Rs 210 billion.
Leader Synopsis
This research was created with the Indian drug business in mind, as well as the global
drug industry's growth rate in comparison to India's. With a market value of US$3.1
billion, India's pharmaceutical sector is growing at a pace of 14% annually. It is one of
the most developed and significant agricultural countries. Over 20,000 registered units
make up the extraordinarily split Indian Drug region. It has greatly expanded during
the previous 20 years. Market pioneers own close to 7% of the market share, with the
top 250 pharma companies controlling 70% of the market. The market is
tremendously fragmented, with fierce value competition and governmental cost
regulation. It is predicted that the Indian medicines business would grow from
US$12.6 billion in 2013 to US$55 billion in 2020. Our inquiry into MATRIX P
HARMALABS FUTURE PROSPECTS is followed by a look at the market and
growth outlook for pharmaceutical businesses in India. This was introduced in a paper
named "Indian Pharma 2020." Pushing access and recognition while recognising
actual talent, according to McKinsey & Company. According to the same research,
the pharma sector has the extra potential to develop rapidly and reach US$70 billion
by 2020.
There is a high likelihood that by 2015, the population of well-earning individuals will
have expanded, creating a market worth up to US$ 8 billion for international
companies that offer expensive pharmaceuticals. This was calculated by Emst &
Young in a report. The domestic pharmaceutical industry is anticipated to grow to $20
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billion by 2015. India's healthcare industry is expected to be valued 31.59 billion US
dollars by 2020.
It is estimated that by 2014, the value of all pharmaceutical items sold in the country
would increase to 19.22 billion US dollars from the current 9.61 billion US. India
would thus become a suitable starting point for research into global monsters.
• To assist future growth, Indian organisations must choose the appropriate item mix.
• Indian pharmaceutical corporations have always placed R&D on the back burner
with the purpose of solidifying their position, so they should gradually look at
consolidation and securing options of either organisations or goods.
Conscious, regulated markets like Europe and the United States need the Indian drug
industry to take use of recent advances in data and biotechnology. We were all
prepared to extend our pure wings wider and affect more lives throughout the globe in
1973 after gaining six years of expertise in the manufacture and use of innovative
technology in bulk medications from the public sector enterprise IDPL, Hyderabad.
Because there were few other private sector participants at that point in the
pharmaceutical value chain, Dr. Reddy's decided to start a basic medicines unit.
As the company's founder and managing director, Dr. Reddy's began producing
uniloids in 1975. Here, they made a motion that would later come to represent the
group.
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Prior to starting the development of the plant, this action was the first to create and
specify a research and development lab. He constructed a factory in 1976 to produce
"metrodinazole" for the first time in India in order to cure amoebic dysentery. The
medicine gained popularity as a result of the research done in these facilities.
If Dr. Reddy could create and produce a broad variety of bulk pharmaceuticals, the
pharmaceutical sector would be able to introduce its formulations, he said in 1981
while serving as managing director of Standard Organics Ltd. Unfettered. There were
only a few pharmaceutical corporations at the time that could create novel
medications, but they refused to sell the majority of them to other formulators. The
antibacterial medication sulphamethonazole was initially created and produced by Dr.
Reddy's in India. Another of his objectives was to do it alone since his second
partnership venture was also failing. In 1984, he founds Dr. Reddy's Laboratories,
quickly realising his ambition. A conclusive test was the methyldopa cycle and
production.
A lot of achievements have been made by the company. The first was the only
pharmaceutical firm from Asia Pacific (apart from Japan) to list on the New York
Stock Exchange on April 11, 2001. In addition, as usual, Dr. Reddy's decided to
proceed despite considerable scepticism. The best-performing IPO that year was Dr.
Reddy's, which also had its shares oversubscribed.
38
significant transition in 1986 from manufacturing and marketing mass actives to the
domestic (Indian) market to manufacturing and trading difficult-to-make mass votes,
like methyldopa, to extremely controlled foreign business sectors, it had to overcome
administrative and legal challenges as well as battle against deeply ingrained
perception issues of Indian Pharma being seen as producers of "modest" and thus "bad
quality" drugs.
On the other hand, the Indian pharmaceutical sector is renowned across the globe for
creating high-quality, affordable pharmaceuticals. Due to the efforts of organisations
like Dr. Reddy's Research Facilities, this dramatic and often deadly shift was given
potential.
Pharmaceutical firm Dr. Reddy's operates globally and has a presence across the
whole value chain. It creates and distributes high-quality, safe, and creative final
dosage forms, pharmaceutical active ingredients, and biological products. Our
products are sold all around the globe, with a focus on developing nations including
North America, Europe, Russia, and India. At our research centres in Atlanta (USA)
and Hyderabad (India), we oversee NCE drug discovery research in the areas of
metabolic issues and cardiovascular symptoms. We provide drug substance and
medicine item development and assembling services on a constrained basis via our
Custom Drug Administrations speciality unit.
Dr. Reddy's is still on the road today. using the benefit of "Low Cost, High Intellect."
entering new organisational and commercial fields. Taking up new challenges while
whining more skillfully and firmly. With more than 950 researchers working around
the world continuously, the organisation continues with its persevering walk forward
to find and deliver a cutting-edge medication to address a neglected clinical need and
have an impact on people's lives all over the world. Every setback and every success
helps restore the feeling of direction and aid in the organization's development.
Additionally, when that is what it accomplishes, it would just be the beginning but the
most important stage. Lao Tzu famously said, "Even a thousand mile journey begins
with a single step."
39
COMPANY PROFILE
40
Our Purpose Our main goal is always "Good Health". We do not consider drugs
as atoms, but rather as tools for achieving excellent health. We understand the
special position we play in the pharmaceutical sector and the ethical and moral
responsibility we have to help patients restore their health as soon as possible and
to promote wellness among them.
"Can hardly Stand by" reflects our responsibility to move quickly to create
creative solutions that solve the unmet needs of patients and hasten the admission
of much-needed medications to vast numbers of people throughout the world.
This conviction has driven us to clarify our goal, which is to expedite admission
to intelligent and inventive medications.
Our fundamentals of empathy and dynamism, which govern our behaviour now
and serve as the foundation for our future activities, are the basis of our beliefs.
• Our Strengths
41
Many people throughout the globe struggle with good health because they are
unable to afford expensive medications. Our Generic Formulations business fills
this pressing demand by offering more than 200 high-quality generic copies of
pricey, innovative medications for a fraction of the cost in more than 80
countries.
Given that we manage the whole value chain, from developing the dynamic fixes
to developing definitions to distributing them via our well-organized store
network, we are prepared to make these medications affordable. By using our
natural strength—one of India's biggest industrial bases—we are able to provide
our clients with a definite cost advantage. We also help millions of people
throughout the globe have access to high-quality, administratively acceptable
pharmaceuticals thanks to our comprehensive knowledge of regulations and
licenced technology.
Our products are sold under a variety of brand names in several emerging
market segments, including Omez (Omeprazole), Nise (Nimesulide), Ketorol
(Ketorolac Thromethamine), Stamlo (Amlodipine Besylate), and Razo
(Rabeprazole), among many others. Over the years, these companies have
developed into market leaders in their respective industries.
42
started its transition from a provider of medicinal chemicals to a producer of
pharmaceutical goods.
worldwide reach
43
Reddy's approach to novel drug research involves concentrating on speciality generic
drugs in Western markets in order to provide a platform for drug innovation. A key
turning point in the organization's growing interest in the development of novel
substance ingredients was the improvement of specialty generics. Innovations
produced in the lab, the production of the molecule, and the placement of the sales
team on the market are all steps in the development of a novel speciality medication.
The firm started with speciality generics to gather expertise with those procedures
before going on to producing brand-new drugs.
Reddy's made a significant investment in setting up R&D facilities and is the only
Indian company with significant R&D being accepted worldwide. In 1992, Dr.
Reddy's Exploration Establishment was established to do research in the area of newly
discovered medications. The establishment's approach to drug development has
revolved on the quest for analogues from the beginning. Since then, the centre has
switched to innovative research and development, hiring new academics, mainly
Indian undergraduates focusing on PhD and post-doctoral programmes overseas. In
order to find and create innovative treatments, the Foundation opened an American
laboratory in Atlanta in 2000. The Reddy US Therapeutics Inc. (RUSTI) laboratory's
main goal is to employ genomes and proteomics to find the next generation of
medicines. Reddy's study mostly focused on the anti-cancer, diabetic, cardiovascular,
and infectious medications available on the Western market.
Inorganic development via the purchase of local and foreign facilities produced the
strong manufacturing foundation that supports Reddy's success in worldwide
marketing. Cheminor Medication Restricted (CDL) and Reddy's were united with the
primary goal of supplying dynamic medication ingredients to the really in-demand
markets of North America and Europe. Thanks to this transaction, Reddy's also joined
the value-added generics industry in APIs' regulated areas. "Medical APIs/ Expansion
and Acquisition" Reddy's transitioned from being a bulk medication and API provider
to regulated markets like the United States and the UK to creating generics by
submitting an Abbreviated New medication Application (ANDA) in the United States
in 1997. It served as a provider of branded formulations in uncontrolled markets
including Russia and India. In the same year, Reddy's granted a particle to the Danish
pharmaceutical company Novo Nordisk for clinical trials.
44
It increased the scope of its Indian assembly operations in 1999 by acquiring
American Cures Ltd. Reddy's, behind Ranbaxy and Glaxo (I) Ltd., is the third-largest
pharmaceutical firm in India with a comprehensive spectrum of pharmaceutical goods,
including bulk pharmaceuticals, intermediates, finished doses, chemical synthesis,
diagnostics, and biotechnology.
Reddy's has begun using Para 4 filing as a means of accelerating the release of new
medications. In 1999, it filed a Para 4 application for the medication omeprazole,
which had contributed to its success in India. Reddy's celebrated its most enduring
business send-off of a traditional item in the US in December 2000, and its most
enduring item with market exclusivity was sent off there in August 2001.
Additionally, it made history that year by being the first non-Japanese pharmaceutical
company from the Asia-Pacific region to list on the New York Stock Exchange, a
significant milestone for the Indian pharmaceutical sector.
Fluoxetine, a generic form of Prozac from Eli Lilly and Company, was initially
marketed in the United States by Reddy's in 2001 with a 180-day market exclusivity.
In the latter half of the 1990s, Prozac had annual agreements worth in excess of $1
billion. With the exception of one (40 mg), which Reddy's gained, Barr Laboratories
of the United States acquired exclusive rights to all authorised dosage forms (10 mg,
20 mg). Lilly actively participated in a lengthy period of patent security and had a
number of different licences pertaining to the drug component. Reddy's won both
sessions in the Government Circuit Court's two hearings on the matter to allow
traditional transactions. Reddy's made close to $70 million in income over the first six
months of exclusivity. Reddy's was wagering heavily on the outcome of the case, and
depending on how long the preliminary lasted, losing the case might have cost them a
significant sum of money.
The American launch of Reddy's home-branded ibuprofen pills in 400, 600, and 800
mg strengths in January 2003 lagged the fluoxetine advertising success. The launch of
direct marketing under the Reddy's brand was a crucial milestone in the company's
ambitions to build a strong and long-lasting generic business in the United States. The
most crucial stage in developing Reddy's fully functional transportation network in the
US market was this one.
45
In 2015, Dr. Reddy's Laboratories and XenoPort also agreed to a licencing
arrangement for XenoPort's investigational therapy for plaque psoriasis. throughout
2015, Dr. Reddy's Laboratories paid 8 billion ($128.38 million) to acquire the well-
known trademarks of Belgian pharmaceutical company UCB SA throughout South
Asia.[11] Dr. Reddy's will obtain exclusive US rights to create and market XP23829
for all indications in exchange for a $47.5 million upfront payment.
global development
The company made the decision to expand globally and bought various
materials. Beverley, Meridian Healthcare, and BMS Laboratories were
purchased by Dr. Reddy's for a total of 14.81 million euros. These
companies have plants in London and Beverley, both in the United
46
Kingdom, where they produce oral solids, liquids, and packaging. Dr.
Reddy's has inked an R&D and commercialization deal with Argenta
Discovery Ltd., a private UK drug research firm, for the management of
chronic obstructive pulmonary disease (COPD).
Dr. Reddy's and Rheoscience A/S of Denmark will work together for 10
years to develop and market balaglitazone (DRF-2593), a drug for the
management of type-2 diabetes. For the European Association and China,
Rheoscience is in charge of this item's advertising rights; Dr. Reddy's will
be in charge of the US and the rest of the globe. In 2005, Dr. Reddy's
oversaw clinical trials for the cardiovascular drug RUS 3108 in Belfast,
Northern Ireland. The medication's pharmacokinetic and safety
characteristics were the primary focus of the preliminary research since it
is intended to treat atherosclerosis, a major contributor to cardiovascular
issues.
To expand its product line for respiratory illnesses, Dr. Reddy's entered a
promotion agreement with the Dutch pharmaceutical company Eurodrug
Research Centres. Doxofylline, a second-generation xanthine
bronchodilator used to treat COPD and asthma, was developed.
47
ever undertaken by an Indian pharmaceutical business. Betapharm is the
fourth-largest generic pharmaceutical firm in Germany with a 3.5%
market share and 150 active pharmaceutical components.
Currently, Dr. Reddy's has been given permission by Merck & Co. to
market a licenced generic version of the well-known drug simvastatin
(Zocor) in the United States. Since Dr Reddy's had a licence from Merck,
it was exempt from the simvastatin exclusivity period limit.
48
requirements.[19] Four areas will get special attention from Purple
Health: awareness, availability (to medications), adherence (to treatment),
and experience (simplified pharmaceutical experience).[20]. The first
phase of this programme will see the introduction of new patient-friendly
packaging for the top 25 best-selling products within the firm. In the next
six months, it will be deployed in pieces. To make them simple to
recognise at the pharmacy, blister packs have been constructed with more
room for the brand name. Along with an image showing how long the
medication must be taken for, they also feature a tab at the bottom with
the expiry date plainly stated on it. The measuring cup has been made
simpler to read for bottles, and the bottle's neck has been modified to stop
spillage.[20][21] The Purple Health package also includes patient support
services. Recalls and problems problems with drug discovery Dr. Reddy's
separated its division for drug development and research as Perlecan
Pharma Private Limited in September 2005. For instance, advice and
counselling on nutrition, medication, and other topics might be provided
to someone receiving medications for an advanced renal ailment.[21] This
was praised at the time as a creative decision, but in 2008, financial
limitations forced the organisation to slow pace.[22] Dr. Reddy's was the
first Indian pharmaceutical company to make the effort to create a
separate organisation with an external source of funding in order to
decouple the parent company's risk of medicine disclosure. A portion of
the finance for Perlecan Pharma was provided by Citigroup Venture
International and ICICI Venture Capital, which each had a 43 percent
ownership in the company for an estimated $22.5 million. However, the
business was compelled to purchase back Perlecan shares from ICICI and
Citigroup owing to concerns about the economic feasibility of the
medication candidates in Perlecan's pipeline. At that moment, Perlecan
became a wholly owned subsidiary. The business reversed course in 2009
and moved discovery research and associated intellectual property to its
Bangalore-based subsidiary, with the potential to spin it off as a
completely new corporation. On October 23, 2008, the board decided
whether to merge with Perlecan or absorb it[22]. The organisation may
49
wish to find a crucial partner in the future to split the risks and funding
for the study.[23]
Because the pills had a "stale smelling" or "rotten" odour, specific lots of
Dr. Reddy's nonexclusive Simvastatin tablets were evaluated in June
2011.[24]
FDA Form 483 from 2014[edit] FDA's Srikakulam plant was the subject
of concerns found during an inspection, which led the FDA to issue a
Form 483 notice in December 2014. The letter made no specific references
to violations.[25][26]
2020 saw a review by Dr. Reddy's Research Centres (UK) Ltd of all
unused Nitrofurantoin 50mg Tablets from pharmacies and wholesalers
due to disintegration during soundness testing, as well as a review of a
specific batch of Aripiprazole due to the possibility of small particles of
Aripiprazole dynamic material being available that could affect the
viability of the product.[28][29] Pollution[edit]
50
In the Telangana region of Nalgonda, Dr. Reddy's has been accused of
polluting the rural area around its facility.Public photography[edit] [30]
51
CHAPTER-IV
DATA ANALYSIS & INTREPRITATION
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4. Information Research AND Comprehension
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CHAPTER – V
FINDINGS, SUGGESTIONS
&
CONCLUSIONS
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5.1 FINDINGS
1. As shown in table and graph 4.1, virtually all of the representatives, or 95.6% of
the employees, have been employed by the association for 0 to 5 years. 4.4% of the
workforce has only worked for the organisation for five years. 2. The majority of
workers preferred drinking water facilities (74.4%), followed by latrines and
urinals (65.6%) and first aid supplies (55.6%), according to a review of table and
graph 4.2. Whereas, in the region, canteen facilities were noted by 31.1 percent of
employees, bathrooms and changing areas by 20 percent, and total amenities by
15.6 percent of workers. 3, According to the table and graph 4.3, the majority of
workers, or 58.9%, are happy with the statutory benefits. 20% of workers have
expressed neutrality, 18.9% of employees are highly happy, and 2.2% are
dissatisfied.
4. The majority of workers, 52.2%, said that statutory benefits had a significant
influence on their productivity. This was followed by 38.9% who said they had a
moderate impact, 7.8% who said they had a very high impact, and 1.1 percent who
said they had a little impact.
5. According to table 4.5 and graph 4.5, the majority of employees, or 72.2%, have
chosen flexible working hours, followed by maternity leave for 47.8% of
employees and the Mediclaim insurance plan for 27.8% of employees. However,
11.1% of representatives have chosen individual medical care, every benefit for 4
employees, advanced age benefits, and other benefits for 1.1% of employees each
that aren't location-specific.
6. According to table and graph 4.6, 41.1 percent of employees are satisfied with
non-statutory benefits, while 10% of employees are exceptionally satisfied, 40% of
representatives have considered all options, 6.7% of employees are dissatisfied,
and 2.2% of representatives are profoundly dissatisfied.
7. The majority of workers, 46.7%, said non-statutory benefits had a high impact
on their productivity. This was followed by 40.0% who said they had a moderate
impact, 5.6% who said they had a very high impact, 6.7% who said they had a low
impact, and 1 worker who said they had no impact at all. 8. It can be deduced from
the table and graphic 4.8 that a bigger percentage of employees, such as 47.8%, are
76
pleased with the health benefits provided by the association to employees and their
families. 30% of workers are fairly content, 18.9% are dissatisfied, and 3.3% are
highly dissatisfied with their jobs.
9. It is discovered from the table and graphic 4.9 that the majority of the
representatives, or 64.4%, are content with the association's working hours.
Whereas 18.9% of employees have nonpartisan beliefs, 15.6% of representatives
are genuinely satisfied, and 1.1% of workers are disappointed.
10. As indicated in table and graph 4.10, the majority of workers, or 56.7%, are
satisfied with the organization's transport allowances. Where 7.8% of
representatives are really happy, 28.9% of employees have had independent
thinking, and 6.7% of representatives are unhappy.
11. The study of table and graph 4.11 reveals that 53.3% of workers do not get
regular raises, which is a substantial percentage larger than the 46.7% of employees
who do.
12. As indicated in table and graph 4.12, the majority of workers, or 45.6%, are
satisfied with the organization's overtime allowances. Employee satisfaction is
divided into four categories: highly pleased (8.9%), extremely unhappy (4.4%),
neutral (32.2%), and dissatisfied (8.9%).
13. As indicated in table 4.13 and graph 4.13, the majority of workers, 54.4 percent
and 45.6%, respectively, believe that the organisation offers an adequate number of
bathrooms.
14. According to the table and chart 4.14, a greater proportion of employees, such
as 80.7%, expressed opposition to the association's provision of creche facilities,
while the remaining 19.3% believed that they should be available.
15. According to table and graph 4.15, the majority of workers, or 34.4%, indicated
neutral satisfaction with the organization's canteen facilities, followed by 23.3% of
those who were pleased, 21.1% of those who weren't, and 15.6% of those who
were very unhappy. 5.6% are really pleased, in comparison.
16. According to table and graph 4.16, 52.2% of workers are happy with the
organization's lunchroom amenities, followed by 31.1% of indifferent respondents,
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8.9% of unsatisfied respondents, 5.6% of severely unhappy respondents, and 2.2%
of highly pleased respondents.
17. The table and picture 4.17 clearly show that a larger proportion of employees,
such as 57.8%, believe in a protected environment, followed by 34.4% of
representatives who have a good sense of security, 5.6% of workers who are
impartial, and 2.2% of workers who feel unsafe.
18. It can be seen from table 4.18 and chart 4.18 that the majority of
representatives, such as 65.6%, are pleased with the general representative
government assistance movement in the association, followed by 24.4% of
employees who view the movement as impartial, 6.7% of representatives who are
exceptionally satisfied, and 3.3% who are dissatisfied.
19. From the table and chart 4.19, it can be seen that a greater percentage of
employees, such as 64.8%, have considered within the last 15 minutes, followed by
30.7% of representatives who made a decision immediately, and 2.3% of
employees have pondered within the past 1 hour.
20. According to table and graph 4.20, the majority of workers, 44.4%, take breaks
every three to four hours, followed by 27.8% who take breaks every two to three
hours, 22.2% who take breaks every hour, and 5.6% who take breaks every five to
fifteen minutes.The majority of employees, or 27.8%, believe that motivation and
incentives, in addition to technical factors, have an impact on their productivity.
This belief is followed by those who believe that working conditions, managerial
conditions, personal conditions, managerial conditions, personal conditions,
income and standard of living, and other factors have an impact (2.2%).
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5.2 SUGGESTIONS
The results show that the organisation needs to upgrade its lavatory and changing
areas and should focus on offering a suitable canteen, which is vital to many
workers. • Many workers feel that there aren't enough restrooms. Consequently, the
• The lounge isn't open; it needs to accommodate the fewest number of employees.
motivators should be seen as critical as they are the main source of their inspiration
and execution.
• As many employees need them, creche offices and standard clinical exam offices
should be available.
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5.3 CONCLUSION
Numerous individual interviews and experience have shown that DR. Each
and talents by the excellent work atmosphere there. Many delegates are really
content with the way the organisation is now set up. No one is subjected to
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