what is difference between contract manufacturing and third party manufacturing in India ?
In India, the terms “contract manufacturing” and “third-party manufacturing” are often used interchangeably, but there are some differences between the two. Contract Manufacturing: In contract manufacturing, a company outsources the entire manufacturing process of a product to a third-party manufacturing company. The contract manufacturing company is responsible for procuring raw materials, manufacturing the product, packaging, labeling, and shipping. The product is manufactured according to the specifications provided by the contracting company. The contracting company retains complete control over the product, including its formulation and packaging, and is responsible for regulatory compliance. Third-Party Manufacturing: In third-party manufacturing, the contracting company provides …
