Indian companies to implement projects in Uzbekistan’s pharmaceutical industry
BAKU, Azerbaijan, Dec. 2
By Fakhri Vakilov-Trend:
Delegation of Uzbekistan’s Ministry of Health paid a working visit to India and held talks with representatives of leading pharmaceutical companies, Trend reports citing the ministry.
Within the visit, Director of the Pharmaceutical Industry Development Agency Sardor Kariev and Deputy Head of Agency Botir Khudaiberdiev met with the leadership of the Indian company Avantika Medex Pvt. Ltd and discussed issues of cooperation and exchange of experience in the pharmaceutical field. The Indian side expressed interest in implementing a joint project in Uzbekistan. A Memorandum on the organization of a pharmaceutical production line was signed following the meeting.
The Uzbek delegation also met with the management of Realcade Lifescience Pvt. Ltd. The issues of trade, economic and investment potential of the pharmaceutical industry of our country were discussed. After receiving detailed information about the favorable investment climate created in Uzbekistan, the company's management expressed its willingness to cooperate in the investment sphere.
At a meeting with representatives of the Zoetic company, which is the main manufacturer of drugs based on dietary supplements, the company’s representatives expressed interest in the provided preferences and conditions created for foreign investors in Uzbekistan.
On the second day of the visit, a round table was held with the participation of associate members of the Indian Drug Manufacturers' Association of Gujarat State. Issues of expanding cooperation were discussed and the investment potential of the pharmaceutical industry of Uzbekistan was presented. The host side asked a number of questions, in particular, on the existing pharmaceutical free economic zones, the sales market, and the volume of production of local manufacturers.
Following the meeting, an agreement was reached to strengthen bilateral mutually beneficial cooperation in the field of pharmaceuticals and a Memorandum was signed on the organization of a pharmaceutical production line.
Furthermore, representatives of the Center for Advanced Technologies of Uzbekistan’s Ministry of Innovative Development and Indian companies iCreate and DevX signed a memorandum of understanding.
The document was signed in the city of Ahmedabad (India), where the Uzbek delegation headed by the Minister of Innovation Development Ibrohim Abdurakhmonov arrived.
Within the framework of cooperation, start-up companies created in Uzbekistan will have the opportunity to export their technologies to India. In turn, representatives of Indian technology startups, small and medium-sized businesses will visit Uzbekistan and get acquainted with the existing conditions for innovative activities in the country.
The parties also agreed on the creation of a technological hub, combining a number of joint startup projects. It will also host mass events, thematic lectures, seminars, conferences, as well as events conducive to the development of science and innovation.
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