Grow­ing pharma sec­tor to boost lab, di­ag­nos­tics market

BioSpectrum (India) - - SUPPLIER NEWS -

The In­dian pharma in­dus­try has been grow­ing at a com­pounded an­nual growth rate (CAGR) of more than 15% over the last five years and is ex­pected to grow to $100 bil­lion by 2025.

The Union Cab­i­net (In­dian gov­ern­ment) has given its goa­head for the amend­ment of the ex­ist­ing For­eign Di­rect In­vest­ment (FDI) pol­icy in the phar­ma­ceu­ti­cal sec­tor in or­der to al­low FDI up to 100 per cent un­der the au­to­matic route for man­u­fac­tur­ing of med­i­cal de­vices sub­ject to cer­tain con­di­tions. The drugs and phar­ma­ceu­ti­cals sec­tor at­tracted cu­mu­la­tive FDI in­flows worth $14.53 bil­lion be­tween April 2000 and De­cem­ber 2016, ac­cord­ing to data re­leased by the De­part­ment of In­dus­trial Pol­icy and Pro­mo­tion (DIPP).

An­a­lyt­ica Ana­con In­dia and In­dia Lab Expo, In­dia’s lead­ing trade fairs and con­fer­ence for lab­o­ra­tory tech­nol­ogy, anal­y­sis, biotech­nol­ogy and di­ag­nos­tics will cap­i­tal­ize on this growth op­por­tu­nity by bring­ing in­dus­try stake­hold­ers to­gether at one place. Man­u­fac­tur­ers, sup­pli­ers, deal­ers and rep­re­sen­ta­tives of In­dian and in­ter­na­tional man­u­fac­tur­ers will dis­play the best of lab­o­ra­tory tech­nol­ogy, anal­y­sis and biotech­nol­ogy prod­ucts, so­lu­tions and tech­nolo­gies.

An­a­lyt­ica Ana­con In­dia and In­dia Lab Expo is co-or­ga­nized on Septem­ber 21 - 23, 2017, Hi­tex, Hyderabad with In­dian An­a­lyt­i­cal In­stru­ments As­so­ci­a­tion (IAIA) and has re­ceived strong sup­port from all ma­jor trade as­so­ci­a­tions in­clud­ing Pharmex­cil, In­dian Drug Man­u­fac­tur­ers' As­so­ci­a­tion (IDMA), In­dian Chem­i­cal Coun­cil (ICC) and many more.

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