India’s pharma & med-tech industries on a powerful trajectory: Dr Arunish Chawla

New Delhi: “India’s pharma and med-tech industries are on a powerful trajectory, fueled by the government’s two-pronged approach: targeted financial incentives and strategic policy frameworks,” mentioned Dr Arunish Chawla, Secretary, Department of Pharmaceuticals, Government of India at the inaugural of the 3 days long Pharma Live Expo & Summit, organized by the Indian Drug Manufacturers’ Association in Mumbai.

Dr Chawla highlighted initiatives like bulk drug and medical device perk schemes, common facility support, and a dedicated policy framework presently mapping the value chain across tariffs and GST to optimize tax structures and incentivize domestic value addition. He further emphasized on the ongoing reform of existing schemes to ensure their effectiveness in meeting industry needs.

“Knowledge is power, and IDMA is committed to empower the Indian pharma industry” declared Daara Patel, Secretary General IDMA. He pointed to their strong network of “national and international speakers, including partners like The United States Pharmacopeia (USP)”. These partnerships not only bring “expert voices to the table” but also facilitate “regular seminars and workshops” on cutting-edge advancements.

“This summit is not a congregation; it is a celebration of the relentless pursuit of excellence in pharmaceuticals. We are here not merely as spectators but as an active participant in the symphony of innovations. In these next three days, let us carry forward the spirit of innovation and collaboration that define Pharma Live 2023. Together we intend to make this event the greatest event of Pharma in Mumbai” he concluded.

The three-day event from January 17th to 19th witnessed a kaleidoscope of vibrant booths showcasing the latest pharmaceutical aces, from potent APIs to sleek packaging machineries. About 20,000 pharma professionals, representing every facet of the industry participated in the event supported by the Department of Pharmaceuticals, Government of India.

Among the participants were the leading names including Ajit Singh, Chairman, Associated Capsules Group Worldwide, Abhimanyu Kale, IAS, Commissioner, FDA, Maharashtra Dr. H G Koshia, Commissioner, Food & Drugs Control Administration, Gujarat, Dr Viranchi Shah, National President, IDMA and Director, Saga Lifesciences, Chirag Doshi, Chairman, Pharma Live Expo, Shobhit Deputy Drugs Controller, FDA, Madhya Pradesh, Jayant Kumar, Dy. Drugs Controller, CDSCO, Ashish Chauhan, Director, Bluetech Media, Eddy Wardoyo, Consul General, Republic of Indonesia, Raj Kumar Sharma, Founder President & CEO, Indo Latin American Chamber of Commerce, Shereef Rahuman Managing Director Icexpo Consults Pvt Ltd., Dubai and Dr George A Patani, Vice President (Western Region), IDMA & Director, INGA Labs Ltd.

The delegates from countries like Malaysia, Indonesia, Taiwan, Ghana, Uganda, Angola, Sri Lanka, Ethiopia, Swaziland, Slovak Republic, Australia, Madagascar, Chile, Somalia, Nepal, Rwanda, UK, USA, Saudi Arabia, Azerbaijan, Brazil, Philippines, Nigeria, Barbados, Myanmar, Germany, UAE, and many others joined this business extravaganza.