Cadila, one of the largest privately held pharmaceutical companies in India will be participating in Vibrant Gujarat 2019from January 18-20 at the Mahatma Mandir, Gandhinagar. With ‘Shaping of a New India‘ to be theme of the well-established global summit this year, there would be discussions on success of sectors like pharma, trade show exhibition, country seminars making it an astounding opportunity for players from sectors to catch-up on developments, policies, and opportunities.
Vibrant Gujarat is a platform that facilitates brainstorming on agendas of global socio-economic development, in addition to being an expediter for knowledge sharing and forging effective partnerships. Vibrant Gujarat 2019 which will this time push trade along with investment, will be providing a forum for discussion on global, national, and state-level agendas along with the launch of a completely new set of forums aimed at diversifying the nature of knowledge sharing at the Summit, and intensifying the level of networking between participants. Heads of Governments from around the world, policy makers, thought leaders, investors, innovators, and Micro, Small and Medium Enterprises will be participating in the summit.
With India’s pharmaceutical industry anticipated to grow over the period of 2015–2020 at a CAGR of 22.4% to reach US$ 55 billion, India enjoys an important position in the global pharmaceuticals sector. The Indian government’s initiatives to reduce costs and bring down healthcare expenses, speedy introduction of generic drugs into the market, and the thrust on rural health programmes, lifesaving drugs and preventive vaccines have together brought in good times for the pharmaceutical companies in the country.
Accounting for 33% of India’s pharmaceutical sector turnover, Gujarat is a leader in pharmaceuticals manufacturing in India. The innovation-driven sector now provides employment to around 85,000 people in the state. The industry-friendly policies, legal and financial framework, competent personnel, and the economic chemical compositions have, over the years, made Gujarat an ideal choice to set up base for investors in the healthcare sector. The state, with Vibrant Gujarat platform aims to attract global opportunities and become a global pharmaceutical hub.