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GOOD RESPONSE FOR PHARMACEUTICAL AND DRUGS PRODUCTS MEETING

By • Apr 1st, 2009 • Category: ! Product News, Daily Products

GOOD RESPONSE FOR PHARMACEUTICAL AND DRUGS PRODUCTS MEETING

Recently Indian Pharmaceuticals industry have an approach to Malaysia for a business meeting and it seems that they have made it a success with 70 business meetings. Read further news from bernama below.

GOOD RESPONSE FOR PHARMACEUTICAL AND DRUGS PRODUCTS MEETING

The buyer and seller meet for the 22-member business delegation from India representing the pharmaceutical industry received good response with 70 business meetings conducted.

Held yesterday, the event provided a platform for the Indian delegation and their Malaysian counterparts to establish initial tie-ups as well as to appoint local representatives for their products, the Indian High Commission said in a statement today.

Possibilities for establishing joint ventures between Indian and Malaysian companies were also explored, it said.

The buyer and seller meet was organised by India’s Pharmaceuticals Export Promotion Council in cooperation with the high commission.

Based on statistics from Indian sources, India exports of pharmaceutical products to Malaysia grew at a compound rate of 9.35 percent during 2002-2003 to 2007-2008 and imports at 19.48 percent during the same period.

India exported US$40 million (RM146 million) worth of pharmaceutical products to Malaysia during the 2007-2008 period.

“There exists a huge potential as India’s exports only account for about 4.6 percent of Malaysia’s total import of bulk drugs and pharmaceuticals,” the high commission said.

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