PHARMA WORLD EXPO 2013 will be 26th exhibitions, and is expected to witness record participation.
The event, supported by CHEMTECH Foundation, will display state-of-the-art technologies, equipment, accessories and services from national and international players in each sector. The concurrent International Conferences will deleberate on issues of topical interest to practising professionals.
Catalysing Industrial Growth
The evolution and the growth of Indian Pharmaceutical and Biotech industries have been both reflected and catalyzed by CHEMTECH.
Industry Poised for High Growth
The Rs 25,000 crore (USD 5 billion) Pharma Industry has an average growth rate of 9% over the last 5 years, with exports of USD 1.75 billion. The industry is a net exporter having 8% market share (in volume terms) of the USD 340 billion global market. It is rapidly restructuring to the post-2005 product patent regime.
With liberalized economy, the Pharma multinationals are expanding operations in India and Indian companies are increasingly setting up operations and entering into joint ventures abroad.
Biotechnology, the sunrise industry, is now universally termed as the Century of Biotechnology. India has some 800 companies in the biotech sector, but over two dozen companies operating in the third generation modern biotechnology. With governments are backing the industry, a sizeable number of biotech parks are coming up. India, therefore, will continue to have an exponential growth in this sector as investments in research.