|
India and Mongolia plan road map for stronger bilateral pharmaceutical ties through collaborations
|
|
Shardul Nautiyal, Mumbai
November 20 , 2024
|
|
|
Following a pivotal virtual meeting aimed at exploring business opportunities in the pharmaceutical sector, the High Commission of India in Ulaanbaatar and the Pharmaceuticals Export Promotion Council of India (Pharmexcil) are planning a road map for stronger bilateral pharmaceutical ties through collaborations.
This meet was part of a broader effort to facilitate cross-border partnerships, encourage knowledge sharing, and promote Indian pharmaceutical products in Mongolia.
The virtual meet focused on highlighting the potential of the Mongolian pharmaceutical market and creating a platform for Indian companies to engage with local Mongolian businesses.
According to Raja Bhanu, director general (DG), Pharmexcil, “The partnership between the High Commission of India in Ulaanbaatar and Pharmexcil was central to the success of the event. This collaboration reflected a mutual commitment to fostering deeper bilateral relations, particularly in the pharmaceutical sector, which is becoming increasingly important in both economies. By joining forces, the High Commission and Pharmexcil sought to open new avenues for Indian pharmaceutical companies to expand their footprint in Mongolia, a market with growing demand for quality healthcare products.”
The event served as an ideal platform for Indian companies already operating in Mongolia as well as those seeking to enter the market. It provided invaluable insights into the regulatory landscape, market dynamics, and potential business opportunities within Mongolia's rapidly developing pharmaceutical industry.
The virtual meet also facilitated networking between Indian pharmaceutical companies and Mongolian business leaders, creating a direct channel for collaboration. The event’s success emphasized the importance of such partnerships in driving mutual growth and increasing trade between the two nations. This collaboration is expected to lead to stronger commercial ties, contributing to India’s expanding role in the global pharmaceutical market.
The goal is not only to enhance bilateral trade but also to position both countries as key players in the region's pharmaceutical landscape.
This partnership between India and Mongolia underscores the shared vision of economic growth, innovation, and collaboration. With more such initiatives planned, the pharmaceutical sector is expected to become a cornerstone of India-Mongolia trade relations, paving the way for future growth, investment, and business expansion in both countries.
|
|
|
|
|
|
|
|
TOPICS
|
That foods might provide therapeutic benefits is clearly not a new concept. ...
|
|
|
|
|