Fifty firms join Indian pharmaceutical expo

More than 50 pharmaceutical companies from India will participate in the two-day Indian Pharma Expo Buyer and Seller Meet 2015, which opens in HCM City on March 19.

Jointly organised by the Pharmaceutical Export Promotion Council of India (Pharmexcil) and Indian Chamber of Commerce (InCham) in Vietnam, the expo includes companies that specialise in formulations, active pharmaceutical ingredients, nutraceuticals, biologicals, herbal products, equipment and pharmaceutical machinery.

Indian pharmaceutical companies, which began supplying medicine to the Vietnamese market in the early 1990s, are a critical supplier of medicine to the country.

Imports of pharmaceutical products from India to Vietnam have maintained a good growth rate for the last five years. In 2009, imports totalled US$148.6 million, and in 2013, US$246 million.

Last year, import turnover from India reached US$267 million, gaining growth of nearly 8%.