Pharmacy is a vital and important link in the modern Healthcare System. It has become the heart for Global Healthcare and has developed as a multi disciplinary, multifaceted facility. It is a blend of Technology and Health Science and hence has a wide scope. It would not be wrong to say that the traditional Pharmacist has come a long way in the recent years to become a ‘Drug Expert in a real sense. Today, with the ever increasing number of life saving drugs, more and more effective and specific therapeutic remedies, as well as, highly sophisticated medical devices, the responsibilities of a pharmacist has increased considerably. It is his prime task now to educate both the public and health care professionals about the medication. As of today, the Pharma Industry, World Wide has grown to a multibillion dollar business In India the export of bulk drugs & formulation has gone up to more than Rs. 500 Crores p.a. indicating a growth of 1600 times, from only 3.05 crores in 1956.