Department for International Trade - 30th November and 1st December 2021.
India is the third largest pharmaceuticals industry in the world by volume and unsurprisingly, is referred to as the ‘pharmacy of the world’ where Indian companies account for a 20% share in the global supply of generic medicines, and for 62% of global supply of vaccines. The Indian pharmaceutical industry is expected to grow to £93bn by 2030. This amounts to a strong business opportunity for UK suppliers and exporters where the Indian bio-pharma industry is looking to move up the value chain by investing in new drug discovery and delivery, vaccines as well as nutraceuticals for preventive care.
The Indian biopharmaceutical market provides a plethora of opportunities for UK suppliers and exporters, whether you are a large multinational player or a UK SME. India’s large, youth demographic and a rising, more affluent middle class has increased demand for healthcare products and services. For example, nutraceutical products as a sector is poised to grow by 17% to £13bn by 2025. Additionally, there is increased demand for innovative drug discovery and delivery solutions, including digital therapeutics, and process manufacturing technologies.
Companies can leverage India as a hub to export to markets across the world due to the global reach of Indian pharmaceutical companies.
Lastly, India shares a common language and culture with the UK, as well as business, legal practices and the rule of law. This makes it easier for UK companies to do business there. This combined with the Government of India’s efforts to attract companies to India, in order to build resilient supply chains in API and critical drugs manufacturing further supports UK businesses, making India-UK collaboration in these areas vital.
Chance to interact with key stakeholders and influencers from the Indian healthcare and life sciences industry.
Hear from high profile speakers from organisations on key issues/ opportunities from policy to market access stories and industry trends in India.
Time: Day 1: 0830 – 1330 hrs UK Time Day 2: 0900 – 1330 hrs UK Time
Where: Online (Microsoft Teams)
Email: Simran.Masand@fcdo.gov.uk Joiston.Pereira@fcdo.gov.uk
Mission Fee: A £220 (excluding VAT) mission participation fee applies to organisations.