Pharmac South 2024 – IDMA organized South India’s Biggest Pharmaceutical Expo at Chennai
Pharmac South, a key pharma B2B event, brings together the pharmaceutical / nutraceutical business fraternity from all over India. The 9th edition of this event is slated to take place at Chennai
Chennai: Pharmac South 9th Edition 2024 was kicked off at the Chennai Trade Centre on May 24th, in the presence of industry leaders, marketing companies and regulatory officers.
In the inaugural session J. Jayaseelan, Chairman; IDMA (Tamil Nadu, Puducherry & Kerala) delivered the welcome address. S. V. Veerramani, Past National President, IDMA & Chairman, Pharmexcil delivered his keynote address on “Overview of Pharma Industry & export opportunities”.
Chief Guest, Gagandeep Singh Bedi (IAS, Additional Chief Secretary to Government, Health and Family Welfare Department, Government of Tamil Nadu) inaugurated the widely anticipated Pharmac South 2024.
S.Sivanandhan, Secretary – IDMA, Tamil Nadu, Puducherry & Kerala State Board, the Pharmac south committee chairman along with the core committee, T.Satish – Vice Chairman, IDMA, Tamil Nadu, Puducherry & Kerala State Board, S.Sridharan and K.Makesh are all part of the organizing team. Further motivational sessions for visitors on “SUCCESS UNSTOPPABLE” was delivered by AASAANJI, (World-Renowned Contemporary Spiritual Teacher & New-Age Life-Transforming Guru). Dr. Dishan Kamdar, Vice – Chancellor – FLAME University, Pune spoke on the topic, Art of Persuasion: A Masterclass on Negotiation and Influence.
Speaking on the occasion, J. Jayaseelan, Chairman; IDMA, said “Pharmac South provides a unique platform to understand Industry trends and markets, dialogue with key technical and regulator personnel and associated stakeholders and compare notes with major suppliers of products and services in the pharmaceuticals industry. India is ranked 3rd largest country in terms of production volume and 14th in terms of value with 10% of World’s Production but only 1.5% of Value. Participants include manufacturers and trade professionals from industries as diverse as Pharma Machinery, Analytical Instruments, Lab Equipment, Herbal and Cosmetics. It is one of the must attend events for the pharma & allied sectors.”
S. V. Veerramani, Past National President, IDMA & Chairman, Pharmexcil, added “The turnover of Indian pharma industry has grown exponentially from Rs.10 crore (about US$ 2 million) in 1948 to about Rs.1,00,000 crores (US $ 21 billion) today, a growth rate of over 15%. IDMA has been in the forefront actively supporting Ministry of Health & Family Welfare is compiling and bringing out the Indian Pharmacopoeia for many years and also continues its whole-hearted support to the Indian Pharmacopoeia Commission (IPC). IDMA exports of about Rs.50,000 crores (over US $ 10 billion) last year growing at 22% average and this year we will focus on increasing the exports.”
The organizers for this event are Orbit Exhibitions Pvt Ltd, Mumbai. With the support of Pharmexcil (Pharmaceuticals Export Promotion Council of India), participating companies could explore the vast export opportunities. The Event is also strengthened by the active support of Indian Pharmaceutical Association (IPA) -Tamil Nadu, Tamil Nadu Pharmaceuticals Sciences Welfare Trust and The Pharmaceutical Manufacturers Association of Tamil Nadu (PMA).
Pharma bodies like the Pharmacy Council of India, & Indian Pharmacy Graduates’ Association are also closely associated with this event.
The pharmaceutical industry in India is expected to reach $65 Billion by 2024 and to $130 Bn by 2030. The pharmaceutical industry in India is currently valued at $50 Billion. India is a major exporter of pharmaceuticals to over 200+ countries. India supplies over 50% of Africa’s requirement for generics, ~40% of generic demand in the US, and ~25% of all medicine in the UK. India also accounts for ~60% of global vaccine demand. 70% of WHO’s vaccines (as per the essential immunization schedule) are sourced from India. In all, around 7000+ business delegates including government authorities are expected to participate in this business event over the two days.
Over the years, Pharmac South has actively facilitated business between contract manufacturers and marketing companies. This time, pharma hubs from all over India will exhibit their product range. Delegates from top marketing companies are participating in this B2B event.
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