India, Farmacy of the World

Seminar on “INDIA, FARMACY OF THE WORLD” and Buyer Seller meet by a 26 company delegation led by PHARMEXCIL, 26 August 2016.

Embassy organized a conference on Indian Pharmaceutical sector on 26 August in collaboration with the Bogota Chamber of Commerce and the Colombia India Chamber of Commerce. Around 100 people participated in the event including 30 from India.

Vice minister of Health, Mr. Fernando Ruiz Gómez (VCF) was the special guest for the event. VCF spoke regulation of generics and biosimilar sectors and challenges in the Colombian Pharamceutical industry.

Ambassador briefed the strengths of Indian Pharmaceutical industry. He also spoke on length about the policies initiated by the government to ensure price control and health accessibility emphasizing India’s specialization in Generic sector. Mr. Javier Humberto Guzmán, Director General of INVIMA (regulatory authority in the Pharmaceutical sector) gave a brief overview of the rules governing registration and import of medicines to Colombia and the process of sanitary registration of Indian laboratories.

Mr. Abhay Sinha, Regional director of Pharmexcil s´poke about the Indian health sector in general and discussed various collaboration opportunities between Indiana dn Colombia in this sector. His presentation was followed by short presentations by Cipla, Dr. Reddy’s and NirLife on their products ranges in Colombia. All three companies have established offices in Colombia and have been growing steadily.

The conference was followed by a Buyer Seller Meet in the afternoon, in which more than 26 Indian companies had business matchmaking appointments with around 210 companies. 43 Colombian vendors and buyers participated.



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