Business Daily from THE HINDU group of publications
Tuesday, Feb 12, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Feb 12, 2008 ePaper | Mobile/PDA Version |
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Industry & Economy
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Pharmaceuticals Tap Asean market, pharma sector told
Our bureau Hyderabad, Feb. 11 India-Asean bilateral trade holds great potential for the Indian pharma sector, including small and medium enterprises. The volume of business was around $1,123.13 million during the financial year 2006-07 with the share of pharma sector being around 19 per cent. The Asean countries Thailand, Malaysia, Indonesia and Myanmar, are the third largest destination region-wise in pharma exports and pharma trade amounting to $195 million with a growth rate of 35 per cent. ‘Keep prices competitive’The Pharmaceutical Export Council (Pharmexil) has organised a three-day business meet here starting on Monday. About 55 delegates representing 40 companies and trade, and Food and Drug officials (FDA), among others are participating from these four countries. More than 200 delegates from the Indian Drugs and Pharmaceutical Industry also participated in the meet. The meeting was formally inaugurated by the Joint Secretary, Department of Commerce, Mr Rajeev Kher. He stressed on the need for further improving the quality of drugs from India, while keeping the prices competitive so that Indian drug makers could get a bigger share of the global market. The Chairman of Pharmexil, Mr Venkat Jasti, extended the support of the apex trade body in helping buyers from these four nations to source their requirements from India. A series of sessions on issues of pharma trade, regulatory aspects, and one-on-one meetings have been scheduled between the representatives from these countries.
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