Indian phytochemical industry is functioning more or less as an extension of ayurvedic or Nutraceuticals drug sector. Growth in ayurvedic industry will help phytochemical industry to establish its presence of a large scale. Further, its success is much dependent on raw material which are grown in the wild. It has very limited technical know-how and lack of standard practice.
The industry is in need of a regulator so it can compete in international market. The industry is concentrated around the Himalayan region which are rich in herbs. Promotion of Nutraceuticals which uses phytochemicals and usage of such drugs in combination with other therapy will go a long way in promotion of the industry.
List of All Phytochemical Manufacturers in India