India Pharma 2016 & India Medical Expo 2016 held in Bengaluru
The much awaited medical event- India Pharma 2016 & India Medical Expo 2016 kicked off in Bengaluru on January 7. The event was inaugurated in the presence of over 600 Delegates which included 60 CEO’s from the top 100 Pharmaceuticals and Medical Device companies from India and abroad, over 50 Senior Officials of Foreign Embassies/Consulates in India and over 100 International Hosted Delegates.
The annual event was jointly organized by the Department of Pharmaceuticals, Govt. of India and Federation of Indian Chambers of Commerce and Industry (FICCI), held at Bengaluru International Exhibition Centre.
Inaugurating the event, Sudhansh Pant, Joint Secretary, Department of Pharmaceuticals, Govt. of India who said: “the event would be a flagship platform for the Indian Pharmaceuticals & Medical Device sector to showcase its capabilities, strength and opportunities to the global healthcare community”.
Speaking at the event, Ananth Kumar, Minister of Chemicals and Fertilizers, Govt of India mentioned that the Department of Pharmaceuticals has taken various steps for the growth of Indian Pharmaceuticals and Medical Device sector and the important initiatives in that regard are the pricing regulation, FDI Policy and the Make in India campaign for the sector. He said: “The Union Cabinet has given its approval to amend the existing FDI policy in the pharmaceutical sector in order to cover medical devices. The Cabinet has allowed FDI up to 100 per cent under the automatic route for manufacturing of medical devices subject to specified conditions. The drugs and pharmaceuticals sector attracted cumulative foreign direct investment (FDI) inflows worth US$ 12,813.02 million between April 2000 and December 2014, according to data released by the Department of Industrial Policy and Promotion (DIPP)”.
The chief attraction of the event will be two days parallel conference on the Pharmaceutical and Medical Device sector, CEO’s Forum with the Hon’ble Ministers, Investors Forum, Theme Session on Make in India, Innovators pavilion and live demonstrations. The Expo will be on till January 9.
(Source: Press Release)