PRESS RELEASE

Sixty Pharmaceutical Companies of India under the umbrella of India’s Pharmaceuticals Export Promotion Council of India (Pharmexcil) are visiting Kyrgyzstan on March 12-13, 2015. On March 12-13, 2015 buyer-seller meet will be held at Hotel Hyatt. A conference informing the participants on the Indian Pharmaceutical sector is scheduled at 10:00 hours on 12th March 2015.

Pharmexcil: Pharmaceuticals Export Promotion Council of India (Pharmexcil) was set up by the Ministry of Commerce & Industry, Government of India in May 2004 to promote export of pharmaceutical products from India. It is headquartered in Hyderabad.  Various pharmaceutical products, namely, bulk drugs, formulations, Biotech Products, Indian Systems of medicines, herbal products, diagnostics, clinical research, etc. are covered under its purview. Pharmexcil takes up several external trade promotion activities by organizing trade delegations outside India, arranging buyer-seller meetings, international seminars, etc.

Pharmaceutical Sector in India: Globally, the Indian pharmaceutical industry is ranked third largest in volume terms and 10th largest in value terms. India exports pharmaceutical products to more than 150 countries. The sector is highly knowledge-based and its steady growth is positively affecting the Indian economy.  The Government of India has unveiled 'Pharma Vision 2020' aimed at making India a global leader in end-to-end drug manufacture. It has reduced approval time for new facilities to boost investments.

All interested parties and stakeholders are requested to visit Hotel Hyatt, Bishkek on the above mentioned dates for participation.

Encl: List of Pharmaceutical Companies visiting, Kyrgyzstan.