Paving the way for Indian pharmaceuticals in the Philippines

Indian pharmaceutical companies have since identified the Philippines as an increasingly potential market for affordable and quality medicines.

A 23-company delegation led by the Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) is putting up a mini-expo and exclusive business matching session for local distributors and partner companies this month.

PHARMEXCIL is the apex industry association set up under the Government of India for the promotion and export of Indian pharmaceutical products. They are returning for the fifth time to Manila to meet and connect with potential business partners. 

During President Rodrigo Duterte’s India trip in January as part of the the ASEAN Commemorative Summit, a key highlight was the emphasized interest in bringing Indian pharmaceuticals to the Philippines.

This will be done through the discussions of a potential medicine trade deal and inviting Indian pharma companies to manufacture and produce in the Philippines so Filipinos can have easier access to quality drugs.

India has been acknowledged as the “Pharmacy of the World,” as it is the largest manufacturer of generics globally. Pharmaceutical products from India are also known to be affordable with high efficacy rates. 

The Philippines-India Business Council, together with PHARMEXCIL India, and with the support of the Embassy of India in Manila, the Department of Trade and Industry, Philippines, and the Philippine Chamber of Commerce and Industry, have organized the “India Biz Connect: Pharma Edition” on January 18, from 1 p.m. to 5 p.m., at the New World Hotel, Makati City.

This event provides the platform for local Filipino companies to have exclusive business matching and one-on-one meetings with the 23-company delegation from India. 

The product portfolio include: active pharmaceutical ingredients; bulk drugs and excipients; intermediates; finished formulation; liquid orals, oral dosages, tables and capsules; injectables; medical devices; surgical and wound care products; pellet; nutraceuticals and food supplements; cosmeceuticals and skin care; vitamins and probiotics; herbal products and ayurvedic formulations; and veterinary formulations.

Entrance to the event is free to all but pre-registration is required. Register at: https://tinyurl.com/IndiaPharma.