The Department of Pharmaceuticals, Ministry of Chemicals & Fertilizers, Government of India, along with the Federation of Indian Chambers of Commerce & Industry (FICCI) has been actively working towards growth of Pharma & Medical Device sector.
Since the objective has always been to encourage and bring forward best technology solutions and manufacturing, therefore, Department of Pharmaceuticals announced India Pharma & India Medical Device series of events which is an annual activity.
The 6th edition of International Conference on Pharmaceutical & Medical Device sector i.e. INDIA PHARMA 2021 & INDIA MEDICAL DEVICE 2021 is scheduled from 25-26th February, 2021 & 1-2 March, 2021.
Special focus during the 6th edition of India Pharma & India Medical Device would be the Global Investors Meet by Invest India.
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- Indian pharmaceutical sector accounts for about 2.4% of the global pharmaceutical industry in value terms and 10% in volume terms
- The sector increased at a CAGR of ~13% over 10 year period and is expected to grow at a CAGR of ~22% to reach USD 55 billion by 2020 (from 2015)
- By 2020, India is expected to be 6 th largest market globally
- Leader in exports: Exported products worth USD 15 billion in FY15 and exports are expected to reach USD 40 billion by 2020
- India accounts for 20% of global exports in generics, largest provider of generic medicines globally
- Attracted FDI worth USD 13.5 billion during January 2000 to December 2015 (5% of total FDI)
