The Department of Pharmaceuticals (DoP), Ministry of Chemicals and Fertilizers, along with Federation of Indian Chambers of Commerce and Industry (FICCI), will organise ‘India Pharma & India Medical Device 2017’, the second international exhibition and conference on pharmaceutical and medical device sector from 11th-13th February, 2017 in Bengaluru.
Union Minister for Chemicals and Fertilisers and Parliamentary Affairs, Ananth Kumar, said the international event would not only provide a platform to tap global potential for the Indian pharmaceutical and medical device sector, but also provide an opportunity to project India as an attractive investment destination for this sector and bring in foreign investment to new areas such as research & developments, clinical trials by promoting joint ventures with the Indian manufacturers and bringing in best practices in the sector from around the world.
Further, the minister informed that this year the ‘India Pharma & Medical Device 2017’ Conference is based around the Themes: Medical Devices- ‘Shaping the Future-Making the Right Choices’ and Pharma -‘Shaping the future of India Pharma’. This initiative will be a platform to give a push to the Indian Pharma & Medical Devices sector in becoming globally competitive.
The initiatives in this three-day programme are designed to focus on contemporary policy interventions, ease of doing business, sharing best practices and fostering collaborations with the global regulatory framework and to deliberate on sectoral reforms which shall bring India on forefront of global attractiveness for investments in manufacturing and R&D in the sector.
Kumar stressed upon the need for India to have a lion’s share in manufacturing of Active Pharmaceutical Ingredients (API) and bulk drug formulations with special emphasis on indigenous manufacturing of medical devices. Further, he said that there is a need to have more researchers in this sector and hence the Government is constantly working in this direction by setting up National Institute of Pharmaceutical Education and Research (NIPERs) across the country.
The union minister stressed upon the need to encourage the Small & Medium Enterprise (SME) sector to increase exports in the pharmaceuticals and medical device sector. He also invited the Karnataka based pharmaceutical and medical device manufacturers to participate at the event and get benefited by the possibilities to collaborate with their prospective clients.