Antananarivo, The Embassy of India in Antananarivo collaborated with Pharmaceuticals Exports Promotion Council of India (Pharmexcil) and organised a webinar and virtual Business to Business meetings on opportunities in healthcare and pharmaceuticals today.
The event was attended by Mrs Rakotomanana Fanjaniarivo Patricia, responsible of Registration Department, Ministry of Public Health of Madagascar, Mehfooz Alam. Head of Generic Business, Opham and various pharmaceutical traders in India and Madagascar.
Ambassador of India to Madagascar Shri Abhay Kumar gave his opening remarks in the webinar and said, “India and Madagascar share a good trade relationship with overall trade figures standing at USD 404.36 million for the year 2020-21. Out of this, pharmaceutical exports from India constituted USD 23.15 million. As per data for the current FY (available up to October 2021), out of India’s total exports to Madagascar of USD 191.22 million, pharmaceutical products alone accounts for USD 16.95 million which is around 9 percent of total exports.”
“I believe that pharmaceuticals sector has the potential to become one of the major components of trade between the two countries as India is a major producer of medicines in the world and Madagascar imports most of its pharmaceutical requirements and this webinar will help in bringing the traders from both countries closer to each other”, Ambassador continued.
The webinar saw enthusiastic participation of pharmaceutical traders with speeches on regulatory procedures in Madagascar from the official of Ministry of Public Health of Madagascar and sharing of experiences by members of pharmaceutical industry of Madagascar.