Global marketing alliances in store for Indian Pharma
Posted AtHindustan.com
Pharma industry and governments
across the third world countires of ASEAN, Africa and
Gulf Cooperation Council are keen to foster marketing
alliances with Indian pharma industry, if the proceedings
at India-Africa, ASEAN and GCC pharma and health conference
are any indication.
"Almost all representatives of over 30 countures, who
participated in the meet are keen on forming marketing
joint ventures with India," Rajan Kohli, Deputy Secretary
General, Federation of Indian Chambers of Commerce and
Industry (FICCI), said on Friday.
The two-day meet, jointly organised by FICCI and Pharmaceutical
Export Promotion Council (Pharmexcil) concluded on a
positive note in Hyderabad.
The meet had one-to-one businies sessions between buyers
and sellers and also familiarisation session with individual
countries.
"There has also been a feeling among the international
industry that there is a necessity to make registration
and other regulatory process easier," Kohli said.
"The information channels between India and the three
main regions are now activated to fuller extent and
business ties would be generated in the due course,"
he added.
According to DB Mody, Chairman, JB Chemicals and Pharmaceuticals,
the exports of Indian drugs, vaccines in particular,
would grow phenomenally in near future.
"The affordability of Indian drugs is too glaring for
the thidworld contries to ignore," Mody said.
A number of Health Ministry officials from 30 countries,
along with industry representatives, attended the meet.
"India's capability is well-showcased. It would have
a positive impact on exports," he added.
According to industry estimates, Indian exports could
be anywhere between $14-25 billion in the next five
years.
December 02, 2005 |
