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FICCI & Invest India, DoP to organise 6th Edition of ‘India Pharma & India Medical Device 2021′

The event will be held from February 25-26 and March 1-2, 2021

The Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, Government of India jointly with FICCI & Invest India will organise the 6th edition of the annual programme on Pharmaceuticals & Medical Device sector – ‘India Pharma & India Medical Device 2021’ scheduled on February 25-26 and March 1-2, 2021.

The four-day INDIA PHARMA 2021 & INDIA MEDICAL DEVICE 2021 is an annual flagship event of the Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers and the Federation of Indian Chambers of Commerce and Industry (FICCI). The theme for this year India Pharma is ‘Indian Pharma Industry – ‘Future is Now’ and for India Medical Device is ‘India MedTech Future: Innovate & Make in India through Global Alliance’. The conference is being organised via virtual platform. 

Speaking at the curtain raiser event, DV Sadananda Gowda, Minister for Chemicals and Fertilizers, Govt of India congratulated the pharma, medical device and healthcare industry partners for their outstanding work during the pandemic. He further added that owing to current pandemic we will be organising this edition virtually.

Gowda said, “Healthcare continues to be an integral part of the Government’s priorities with an emphasis on medicines at affordable rates, increasing the accessibility to diagnosis and treatment, boost local manufacturing of medical equipment and encouraging innovation to further reduce the cost of healthcare. The government through its various policies and schemes is encouraging the manufacturing of affordable medical devices and pharmaceutical under its ‘Make in India’ initiative. The India Pharma 2021 & India Medical Device 2021 will lay the groundwork for the next wave of development.”

He added saying that India is a leading exporter of affordable generics and a major hub for medical devices and diagnostics. India has been serving more than 200+ countries and territories with its pharma products and will continue to discharge its responsibilities. We intend to continue formulating plans that are based on sound science, technology, business sense, and ethics. We continue to strive to increase the ease of doing business in India for which several measures have already been announced and continue to support domestic manufacturing through measures such as the Rs 400 crore impetus given for the creation of 4 world-class medical device parks, or the Rs 3000 crore allocated for the creation of three major bulk drug parks. 

“We are talking about two very high potential sectors of India in this event. The total market size of the Indian Pharma Industry is expected to reach the $130 billion by 2030. The medical devices industry in India has the potential to reach $ 50 bn by 2025,” he added.

Mansukh Mandaviya, Minister of State for Chemicals and Fertilizers, Government of India said that under the leadership of Narendra Modi, the industry has been given a platform to work closely with the government and together chart out a path of progress for the industry and the country. The CEO’s Forum with the Minister is indicative of the positive approach which the Government has taken to work closely with the industry. 

He said that India is at the forefront of the global fight against COVID-19 and is being applauded globally not only for its fight against the pandemic but also for the remarkable efforts made by Bharat Biotech on developing an indigenous vaccine and Serum Institute of India (SII), the world’s largest vaccine manufacturer in partnership with AstraZeneca to develop and manufacturer vaccines for India and the world that are completely safe & efficient. Currently, the development of seven more vaccines is in pipeline. India has launched the world’s largest COVID– 19 vaccination program and is at the centre of the global effort to provide vaccines to many developing & developed countries both as grants and on a commercial basis. 

Owing to the paramount importance of the pharmaceuticals & medical devices sector, the India Pharma & Medical Devices 2021 is a timely affair and will allow deliberating upon the opportunities and key challenges in the areas of the sectors. Salient components of the event include a showcase of investment opportunities in India, panel discussions with industry leaders, International Drug Regulator Session, India Pharma & Medical Device Awards, and a discussion of sectoral startups. 

S Aparna, Secretary, Department of Pharmaceuticals mentioned that despite various challenges during the pandemic year, pharma and medical device sector has shown positive growth. To further provide business linkages and remove bottlenecks in the growth of the sector this edition of the event will be organised virtually and participants from across the globe will participate, she added.

She said the Department has been working continuously to ensure a stable long-term policy environment and reduce the compliance burden on the Industry. The efforts are supported with the help of other Ministries, such as the Ministry of Environment, Forest and Climate Change (MoEF&CC) which recently released an amendment letter, clubbing APIs and intermediates as a single category instead of individual products – a change warmly welcomed by the industry. The Department is also working on formulating other dedicated policies to give an impetus to investments in both Pharmaceuticals and Medical Devices sector in India, for both manufacturing and R&D.

The Secretary added that the government has also formulated several mechanisms to support the investments into the sector, including setting up of the Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) across the Ministries/Departments of Government of India for attracting investments into the country. The ‘Project Development Cells’ (PDC) expedite investments through focussed coordination between the Central Government and State Governments, supporting the pipeline of investible projects in India. A PDC has also been created in the DoP, supporting faster issue resolution and extensive outreach activities with the collaboration of Invest India. We have also set up a dedicated Pharma Bureau which acts as a single point interface of the Department with Industry. It facilitates investments in partnership with Invest India and also acts as a think tank for policy research.

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