New Delhi-We are fully committed to promoting the Indian pharmaceuticals industry globally, said Commerce and Industry Minister, Mr Suresh Prabhu, after inaugurating iPHEX in New Delhi. The 6th annual International Exhibition of Pharma and Healthcare iPHEX is being attended by over 650 delegates from 130 countries, including scores of regulators. The Minister said that Government is committed to promoting pharmaceutical exports to untapped markets, including China which has agreed for a high level bilateral Round Table to pave the way for Indian Pharma to get market access and penetration in their vast market.
Mr Prabhu assured the global pharmaceutical players and regulators, of best quality and affordability of the Indian drugs. He emphasised the need for reaching out to newer markets, especially in Africa, where affordability is the key issue, which can be very well addressed by the Indian exporters. He stressed on the need of both competitive and complementary strategies, so that each segment of Pharmaceutical sector can benefit. He further said that there is need to make both traditional and preventive medicine, to work together. He also said that Genomics is the new branch in medicine, which can play a major role for the Indian Pharmaceutical sector.