The Indian pharma juggernaut will have unstinted support from the movers and shakers of the pharma world ,who will be converging in Mumbai at CPhI & PMEC India , South Asia’s largest pharma event , which will be commemorating its 10th successful year with India Pharma Week , a week-long celebration packed with avant-garde events prior to the expo , adding colour to the three -day extravaganza.
From a minnow three decades back , the Indian pharma has grown to a Godzilla straddling over the global pharma lanscape standing tall amongst the top market players in the world. Globally, the pharma sector in India ranks third in terms of volume and 14th in terms of value. It is primarily driven by exports in regulated and emerging markets.
The pharma industry in India is one of the fastest growing industries. Today the Indian pharmaceutical market is growing at CAGR of 15.92 per cent and is expected to be worth US$ 55 billion by 2020, projected to be among the top three global markets in terms of incremental growth .
India has maintained its lead over China in terms of pharma exports, according to a recent statement by the ministry of commerce and industry. While the country’s pharma exports rose 7.55 per cent, from $11.66 billion in 2014 to $12.54 billion in 2015, China’s pharma exports rose 5.3 per cent from $6.59 billion to $6.94 billion in the same period. While India is the largest provider of generic medicines globally, with a 20 per cent share in supplies by volume, China accounts for 1.5 per cent of the global drug market.
The country is a prime pharma hub due to its diversification of the pharma industry, from simple ingredients to complex generics, machinery and finished products. The Indian pharma industry continues to reinvent itself, adapting to the changing global economy, and moving up the value chain. In the next 10 years the world will see India as a global leading industry of biosimilars, innovative drugs , medical devices and generics, opine industry cognoscenti.
The CPhI India expo
This scenario has been time and again boosted by CPhI India, which is one of India's largest and leading pharmaceutical exhibitions. Currently in its tenth year, the expo has grown from a three-day exhibition to a show spanning a week from November 17-23.
Though traditionally it is a three - day exhibition occurring at the Bombay Exhibition Centre (BEC), this year ,for the first time, CPhI & P-MEC India from Nov 21 to 23 will be held concurrently at two venues- BEC & the MMRDA Grounds, Bandra Kurla Complex (BKC ).
While the Venue 1 at the BEC will present the future of pharmaceutical machinery and formulations, the Venue 2 at BKC will focus on pharmaceutical experimentation and manufacturing material .
While celebrating a decade of CPhI India, the India Pharma Week will hold more than 10 events & activities taking place across the city of Mumbai focusing on business, knowledge, leadership, innovation, recognition and networking in the field of Pharma. The week will include a Pre-Connect Congress; Women in Pharma – Power Breakfast; the India Pharma Awards; Networking Evening; Plant Visits, Pharma Leaders’ Golf; the CPhI & P-MEC India Exhibition, a closed door CEO Roundtable and many more activities.
Says Rutger Oudejans, brand director, pharma, UBM EMEA"This is the 10th edition of CPhI India (9th year in partnership with P-MEC India) and will be held in the Indian hub of pharma, Mumbai. To celebrate a decade of the Indian pharma industry, CPhI is launching its first Pharma Week and growing the event from its previous three-day exhibition.
"Pharma Week is seven-day long full of events celebrating the 10th anniversary of CPhI India as the seedbed of the growing Indian pharma industry. There will be over 10 events across the city of Mumbai focusing on the core themes of business, knowledge, leadership, innovation, recognition and networking."
As part of the India Pharm Week, the CPhI Women in Pharma Power Breakfast will be held on November 18; women from different parts of the world will gather to discuss the gender diversity in the Indian Pharma Industry. The event will allow women to share their expertise and celebrate breaking the gender stereotype and contributing to the growth of the Indian pharma industry. The event hopes to inspire optimism about reducing the gender gap in the currently male dominated industry.
Under the Leadership stream of Pharma Week, there will be a CEO Roundtable on November 22. Over 20 CEOs from leading pharmaceutical companies will gather behind closed doors to discuss solutions to challenges in policy making, industry growth and sustainability.
Additionally, Pharma Week will offer plant visits on November 19 for domestic and international visitors to display India as the future of the pharma industry and provide an opportunity to build relationships with global customers. Furthermore, Pharma Leaders Golf, held on November 20, will provide networking prospects for 25 chiefs in the pharma industry and open up business opportunities and contacts.
Finally, the prestigious India Pharma Awards return once more in 2016 to further celebrate the excellence in the pharma industry - honouring companies driving forward innovation across 14 different categories.
The role of CPhI India is to facilitate growth drivers, cultivate innovation and promote networking within the Indian pharma industry, as well as help industry executives make better-informed decisions.
The co-located P-MEC India is a pharma show devoted to pharmaceutical machinery, pharmaceutical technology and pharmaceutical equipment. Attendees can network with pharma industry professionals from all over the world, see the latest innovations in the technology space and locate the best providers.
Incepted in 2006, the CPhI & P-MEC India exhibition has grown remarkably larger over the years with exhibitors and visitors engaging over significant levels of business. This year's event will see more than 1,300 exhibitors, a 100 plus countries’ participation and close to 40,000 attendees spread across the two locations in Mumbai. While BEC will have traditional participants for CPhI and P-MEC, the concurrent venue – BKC will also include participants for ICSE & BioPh.
Rutger Oudejans expects over 40,000 attendees , more than 1,200 exhibitors and 34,000 pharma professionals from over 90 countries for the event.
Says Yogesh Mudras, Managing Director, UBM India , "CPhI & P-MEC 2016 is perfectly placed to provide a most comprehensive industry platform for every company that deals with pharmaceuticals in India. We have consistently received an overwhelming response from the participants. This year, we are extremely excited about the innovations we are bringing to the expo, which will simultaneously be held at the Bombay Exhibition Centre as well as the MMRDA grounds, BKC. In addition to the Pre- Connect Congress and CEO Roundtable the introduction of ‘India Pharma Exporters - Collector's Edition’ & ‘The World of P-MEC - Collector's Edition’ will bring in more insightful exchanges amongst the industry veterans and stalwarts".
“CPhI is UBM's flagship engagement platform and the world's leading pharmaceutical networking event. If pharmaceutical key players have to congregate to connect, share and ideate then CPhI is the single largest global platform for them to do so.” he further added.
Additional features include:
• The CPhI Exhibitor Showcase (November 21-23), which allows exhibiting companies to present their products, services and new launches in 45-minute slots
• The CPhI Innovation Gallery , which provides the opportunity for companies to showcase their innovations on an international platform in the Pharma Forum
• Networking Evening on November 18, is a gala dinner presenting a great opportunity for companies to enhance their position and network with key decision makers and thought leaders in the pharma industry
The Mobile App is available for all mobile devices and helps users access the complete exhibitor list, navigate floor plans, and connect with social media updates
This year there is a pavilion exclusively focused on the Chinese industry. There is also an India Pavilion via Pharmexcil at the BEC venue, China Pavilion via CCCMHPIE (China Chamber of Commerce for Import & Export of Medicines & Health Products) at BEC & BKC venue. The China Pavilion via CCPIT (China Council for the Promotion of International Trade) will be at the BEC & BKC venue.