Taking India’s Pharma & Medical Devices Sector Growth to the World, Dept of Pharma to Host Investor Summit

New Delhi: India to host ‘Investor Summit’ to further strengthen country’s position globally in the Pharma & Medical Devices sectors. The Department of Pharmaceutical in association with Invest India will host the event on 27 October through video conferencing. Dr Mansukh Mandaviya, Union Health Minister will address the summit.

The theme of the summit is “Opportunities and Partnerships in Pharmaceuticals & Medical Devices”. The summit will provide an opportunity for industry participants to engage in detailed technical sessions across the following themes:

• Session I: Unlocking the BioPharma Opportunity: Strengthening India’s Reputation as the Biopharma Hub to the World
• Session II: R&D Investments: Success Stories from Indian Medical Devices Sector
• Session III: Goal Vax: End to End Integration for Enhancing Vaccine Manufacturing Capabilities
• Session IV: Financing startups in Pharma and Medical Devices sector: What is in the future for VC investments?
• Session V: From the Ground Up – Deliberating on streamlining Regulatory processes for Investors approved under Production Linked Incentive (PLI) Schemes for Bulk Drugs and Medical Devices

As regard the Pharmaceuticals sector, the sessions will feature discussions on opportunities in manufacturing of innovative products in bio-pharmaceuticals, including biologics/ bio-similars, cell & gene therapy and enhancing vaccine manufacturing capabilities.The PLI for Pharmaceuticals launched with an outlay of Rs 15000 crore has attracted considerable interest with about 278 companies applying to be considered under the scheme. This Summit will encourage investors looking to build global champions in India in these products.

As regards Medical Devices sector, the sessions will feature discussions on how India can develop as a land of opportunities for Medical Devices, and the key learnings from the leading innovators.The medical devices sector is seen as sunrise sector and has the potential to grow from the current level of USD 11Billion to a size of USD 50 Billion in the next few years. It may be recalled that 13 companies have already been selected under the PLI scheme for medical devices earlier this year which will support their investment in enhancing domestic manufacturing of targeted devices.