The Hindu Business Line : Brazil invites investment in health sector

New Delhi, July 29 Brazil’s Health Minister, Mr Jose Gomes Temporao, has invited Indian investment in its health sector envisaging a new model of co-operation between emerging markets of the world.

“Given vibrant health and pharma sectors in both countries, we can set a model for co-operation between emerging markets as part of a mutual engagement among developing economies,” Mr Temporao said during his visit to India.

“Brazil has put in place a progressive development policy, which among other things aims to provide incentives for foreign participation. Ours is quite an open market.

“In 2007, Brazil had 850 pharmaceutical companies operating with a turnover of $13.6 billion, five per cent of which was generated by nationalised companies,” Mr Temporao said.

The minister is leading a Brazilian industry delegation to India to draw a joint strategy for co-operation and participation.

The Minister for Health and Family Welfare, Dr Anbumani Ramadoss, emphasised the need for co-operation in the field of research. “We need to develop, in association with WHO, the capacities of other developing countries in legislating and implementing their intellectual property right regimes in a manner that would maximise public health gains,” Dr Ramadoss said.

The Health Minister delineated three areas for co-operation among the two countries. Firstly, to get value from the countries’ research and development efforts, and secondly, to bring about lifestyle changes through traditional medicine system of Ayurveda and Yoga, and finally co-operation in the areas of biotechnology and pharmaceutical products.

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