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Tanzania: Indian Medicines Impress African Buyers
Mumbai, India THE African drugs buyers are the darling of the sellers at the ongoing Mumbai's pharmaceutical show, as the continent poises to be the leading corridor for the India's medicine export market.
This has been experienced at the ongoing International Exhibition for Pharma and Healthcare (iPHEX) 2013 co-located with Pharma Pro&Pack Expo 2013.The Africans are not only leading the buyers' pact but also have sent a large number of regulators and ministry of health officials to attend the iPHEX 2013 in Mumbai, India.
The 'Daily News' witnessed sellers calling and trying to woo African buyers whether in medicine, healthcare solutions or pharma-manufacturing equipment and technology, more than any other visitors.The sellers, after succeeding to woo an African, the first question is:- Are you from Nigeria... "
According to some participants here, Nigeria is the biggest market as it has lesser stringent regulations and laws on drug registration and good manufacturing practice (GMP) and also huge population.
The Maharashtra Chief Minister, Mr Prithviraj Chavan, said India is building a huge warehouse in Nigeria to ease businesses and facilitate exports procedures in a bid to boost Delhi's global market share.
"This sector has a huge potential with its export rate currently at 13 US billion dollars... it's expected to double in the next two years," Mr Chavan said during the opening ceremony.
"To further the growth story (Indian) companies should also focus on innovation along with expansion through exports of the generics to make us all-rounder," the Chief Minister said.
To show their seriousness, India pharma-industry will hold an exhibition in Lagos, Nigeria this October that is complete for medicine, manufacturer equipment and related business. Kenya is slated for next year.
"Are you from Nigeria! We have good (pharma) machines ranging from processing plants to solution," a Fabtec International sale Nareej Shukri told this reporter."'Naturally, almost equipment buyers from Africa hail from Nigeria," the salesman said.
Though, in pharmaceutical industry business deals are sealed after a marathon of discussion ranging from regulations to register a product and GMP, sellers here said they have struck number optimal deals.
"I have met a number of potential buyers and the talks are good. Generally the show (as it enters its second day) is very promising," Rhydburg Pharmaceutical, ASEAN and Africa Regional Manager, Mr Akshay Monga said.
Ciron Drugs Director, Keyur R. Shah said businesswise the show was relatively good as a number of buyers met sellers at the pre-arranged meetings."This is a good start since this is the second time to hold the exhibition of such magnitude," Mr Shah said.
iPhex statistics show that 7,500 buyer/seller meetings had been arranged using information technology prior for the starting of the fair, which attracts a total of 250 exhibitors and 5,000 visitors are expecting to tour it.
The ongoing three-day fair is a twin-exhibition where one pavilion hosted pharma-processing plants and equipments while the other the drugs manufacture.
Nevertheless, the sellers are also looking for other African countries market like Tanzania, Kenya, Uganda, Botswana, South Africa, Namibia, Madagascar, Seychelles and Niger, to name a few.
iPhex mandated to help over 3,800 of its members to achieve excellence in export, where 250 are exhibitors on the ongoing show. To do so it has invited 104 countries worldwide that bring in over 500 delegates.
Mumbai, India THE African drugs buyers are the darling of the sellers at the ongoing Mumbai's pharmaceutical show, as the continent poises to be the leading corridor for the India's medicine export market.
This has been experienced at the ongoing International Exhibition for Pharma and Healthcare (iPHEX) 2013 co-located with Pharma Pro&Pack Expo 2013.The Africans are not only leading the buyers' pact but also have sent a large number of regulators and ministry of health officials to attend the iPHEX 2013 in Mumbai, India.
The 'Daily News' witnessed sellers calling and trying to woo African buyers whether in medicine, healthcare solutions or pharma-manufacturing equipment and technology, more than any other visitors.The sellers, after succeeding to woo an African, the first question is:- Are you from Nigeria... "
According to some participants here, Nigeria is the biggest market as it has lesser stringent regulations and laws on drug registration and good manufacturing practice (GMP) and also huge population.
The Maharashtra Chief Minister, Mr Prithviraj Chavan, said India is building a huge warehouse in Nigeria to ease businesses and facilitate exports procedures in a bid to boost Delhi's global market share.
"This sector has a huge potential with its export rate currently at 13 US billion dollars... it's expected to double in the next two years," Mr Chavan said during the opening ceremony.
"To further the growth story (Indian) companies should also focus on innovation along with expansion through exports of the generics to make us all-rounder," the Chief Minister said.
To show their seriousness, India pharma-industry will hold an exhibition in Lagos, Nigeria this October that is complete for medicine, manufacturer equipment and related business. Kenya is slated for next year.
"Are you from Nigeria! We have good (pharma) machines ranging from processing plants to solution," a Fabtec International sale Nareej Shukri told this reporter."'Naturally, almost equipment buyers from Africa hail from Nigeria," the salesman said.
Though, in pharmaceutical industry business deals are sealed after a marathon of discussion ranging from regulations to register a product and GMP, sellers here said they have struck number optimal deals.
"I have met a number of potential buyers and the talks are good. Generally the show (as it enters its second day) is very promising," Rhydburg Pharmaceutical, ASEAN and Africa Regional Manager, Mr Akshay Monga said.
Ciron Drugs Director, Keyur R. Shah said businesswise the show was relatively good as a number of buyers met sellers at the pre-arranged meetings."This is a good start since this is the second time to hold the exhibition of such magnitude," Mr Shah said.
iPhex statistics show that 7,500 buyer/seller meetings had been arranged using information technology prior for the starting of the fair, which attracts a total of 250 exhibitors and 5,000 visitors are expecting to tour it.
The ongoing three-day fair is a twin-exhibition where one pavilion hosted pharma-processing plants and equipments while the other the drugs manufacture.
Nevertheless, the sellers are also looking for other African countries market like Tanzania, Kenya, Uganda, Botswana, South Africa, Namibia, Madagascar, Seychelles and Niger, to name a few.
iPhex mandated to help over 3,800 of its members to achieve excellence in export, where 250 are exhibitors on the ongoing show. To do so it has invited 104 countries worldwide that bring in over 500 delegates.
