UBM India Presents 6th Edition of the PharmaLytica Expo to be held First in Mumbai on 10th-12th June 2019

Over 300 turnkey exhibitors to participate in India’s most comprehensive Analytical, Lab, Pharma Machinery & Ingredients Trade Show

India among the top position in the global pharmaceuticals sector and the largest provider of generic drugs globally

Mumbai: UBM India, organizers of CPhI / P-MEC India, the leading global pharma trade show and conference have come with the 6th edition of the PharmaLytica expo, which is moved to Mumbai from Hyderabad. Formerly a two-day event, Pharmalytica 2019 will be an, even more, the comprehensive three-day show slated to be held between June10-12, 2019 at the Bombay Exhibition Center, Mumbai. The reputed pharma related expo will seek to leverage the opportunities provided by the impressive pharma hub in West India, while also being in close proximity to the South Indian market.

Recently Fitch Ratings, one of the credit rating agency said rising revenues in the the domestic market has helped Indian pharma companies counterbalance the ongoing pricing pressure on generic drugs in the US in the financial year ended March 31. Many of the leading pharmaceutical companies reported double-digit growth in their domestic sales which in turn supported overall industry growth of 11 percent during FY19, the rating agency added and it expects continued growth in the domestic market, supported by the government's focus on enhancing access to healthcare to economically weaker sections of the society.

The expo will enable the pharmaceutical community to pick up on the latest industry trends, innovations and conduct business with Analytical, Laboratory, Machinery, Packaging, Pharma ingredients and other allied Industries. The expo is well supported by associations including Pharmexcil, Confederation of Indian Pharmaceutical Industry (CiPi) and Indian Drug Manufacturers’ Association ( IDMA ).

In the current edition, PharmaLytica will witness the participation of over 300 exhibitors from across the country including notable industry players, many of whom are making their maiden showcasing at Pharmalytica. Some of the exhibitors include Elmach Packages, Shimadzu, Dockweiler AG, Micronclean, Rotarex, Bruker India Scientific, Sartorius, Schott Kaisha, Gattefosse, Perkin Elmer; Thermolab Scientific Equipments, Nicomac Cleanrooms, Mack Pharmatech, Gangwal Chemicals; Kirloskar Pneumatic, Swati Spentose, Borosil Glass Works, Accupack Engineering, NPM Machinery, Toshvin Analytical, Spinco Biotech, Scientific Research Instruments, LP Global, Bitzer India and Anton Paar among others.

Currently India enjoys an important position in the global pharmaceuticals sector and the largest provider of generic drugs globally. The country’s pharmaceutical industry is expected to expand at a CAGR of 22.4 per cent over 2015–20 to reach US$ 55 billion. India’s pharmaceutical exports stood at US$ 17.27 billion in FY18 and have reached US$ 15.52 billion in FY19 (up to January 2019). India is among the leading global producers of cost-effective generic medicines and vaccines, supplying 20 percent of the total global demand by volume. The country has an established domestic pharmaceutical industry, with a strong network of 3000 drug companies and about 10,500 manufacturing units.
The various economic drivers and government policies like pharma parks, allowing 100 percent FDI, boosting the biosimilars and biologics the sector, along with ancillary sectors, and reducing manufacturing costs are the key driving factors for the growth of the sector in the country. The ‘Pharma Vision 2020', introduced to make India a global leader in end-to-end drug manufacturing has also boosted investments.

Speaking on the announcement of the 6th edition of PharmaLytica, Mr. Yogesh Mudras, Managing Director, UBM India said, “Over the years, PharmaLytica has evolved as the leading marketplace for products and services along the entire value chain in niche segments within the Pharma industry. This year, we are delighted to move the expo to Mumbai to leverage the proliferating pharma hub of West India in addition to the Southern market. By 2020, India is likely to be among the top three pharmaceutical markets by incremental growth and the 6th largest market globally in absolute size. The pharma companies are making tremendous efforts to discover new drugs, increasing R&D expenditure, implementing technology and introducing new methodologies to improve quality of manufacturing,” he further added.

With country participation from Luxembourg, United Kingdom, Germany and China, as well as state presence from Maharashtra, Gujarat, Andhra Pradesh, Telangana, Punjab, Haryana, Tamil Nadu, Delhi and Uttarakhand,  PharmaLytica is well on its way to becoming a truly pan-India congregation that reaches out to all major Industry sectors and Pharma Hubs. This year, there will be special pavilions dedicated to Pharma Machinery & Packaging; Lab Analytical & Cleanroom and API’s & Excipients Pavilion. Among other notable showcases, India’s top academic institution IIT Powai, Bombay, Mumbai will exhibit its State of Art Analytical Lab - the Sophisticated Analytical Instrument Facility (SAIF). The facility was originally established at the Indian Institute of Technology, Bombay, in the year 1976, with the support of the Department of Science & Technology, Government of India, New Delhi.  - www.ubmindia.in/pharmalytica
About UBM Asia: UBM Asia recently became part of Informa PLC, a leading B2B information services group and the largest B2B Events organizer in the world. Please visit www.ubm.com/asia for more information about our presence in Asia.
About PharmaLytica: PharmaLytica is organised by UBM, which in June 2018 combined with Informa PLC to become a leading B2B information services group and the largest B2B Events organiser in the world. Please visit www.ubm.com/india for more information about our presence in India.

Comments

Popular posts from this blog

VOOT is all set to launch its next VOOT Original – “Yo Ke Hua Bro”

Platinum Jewelry showcased at the 87th Annual Academy Awards

ONE VISION ONE TEAM UNVEILS AMSTRAD NEW SERIES OF NEXT- GEN INVERTER ACs