Indian pharmaceutical companies have since identified the Philippines as an increasingly potential market for affordable, quality medicines. A 23-company delegation led by the Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) is putting up a mini expo and exclusive business matching session for a local distributor and partner companies on January 18, 2019.
PHARMEXCIL is the apex industry association set up under the Government of India for the promotion and export of Indian pharmaceutical products. They are returning for the fifth time to Manila to meet and connect with potential business partners.
Further to President Duterte’s trip to India last January 2018, in line with the ASEAN Commemorative Summit, a key highlight of the trip was the emphasized interest on bringing Indian pharmaceuticals to the Philippines through the discussion of a potential medicine trade deal and inviting Indian pharma companies to manufacture and produce in the Philippines for easier access to quality drugs for the Filipino people.
India has been acknowledged as the “Pharmacy of the World," being the largest manufacturer of generics in the world. Pharmaceuticals products from India are also known to be affordable with high efficacy rates.
The Philippine-India Business Council, together with PHARMEXCIL India, and with the support of the Embassy of India, Mania, Department of Trade and Industry, Philippines and the Philippine Chamber of Commerce and Industry, have organized the “India Biz Connect: Pharma Edition” a two-part business forum and business matching session, at the New World Hotel, Makati City. The event provides the platform for the attendees and local companies to 1. Hear first-hand on the growth potential of the Pharmaceutical Industry in the Philippines, 2. The regulations that the Indian manufacturers have to look out for and how to further ease the process of entering the Philippine market through partnerships and joint ventures, 3. Trends in the industry that may potentially impact Indian exporters; and 4. And an exclusive business matching session and one-on-one meetings with the 23 company delegation from India.