With a wide range of exhibitors, participants and visitors, Pharma Tech Expo 2011 a three-day event made its debut in the state of Madhya Pradesh. The state shares its boundary with the adjoining pharma hubs Maharashtra, Gujarai and Goa, "The Indian pharmaceutical industry is witnessing a spectacular growth phase and Madhya Pradesh, the second largest Indian state, led by Indore is increasingly becoming a part of this growth story.
The Indian pharma market is likely to undergo a major transformation and is expected to rise from present size of Rs.100,000 crore (S21 billion) to Rs.225,000 crore (S50 billion) by 2020, remarked N R Munjal, President – Indian Drug Manufacturers' Association (IDMA), Vice Chairman - Pharmexcil, Vice Chairman and Managing Director, and - Swift Laboratories Ltd, at the debut of Pharma Tech Expo that was held during April 22-24, 2011, at Indore, Madhya Pradesh. The expo was jointly organized by Pharma Technology Index.com Pvt Ltd (a KNS group company), IDMA, and Indore Infoline Pvt Ltd in association with Pharmexcil and BDMA. The event served a platform for ideas and knowledge transfer and brought together buyers and suppliers on a common platform.
Unveiling the expo...
The expo showcased the latest international products by exhibitors who aim to bring a revolution in the pharma industry. The event was inaugurated by Kailash Vijayvargiy, State Industry Minister, Madhya Pradesh in presence of Chief Guest Ashish Trivedi from PDA, Daara B Patel, Secretary - General, IDMA.
Highlighting the development of the state, Munjal further remarked, "Madhya Pradesh is fast catching up with neighboring states like Maharashtra & Gujarat due to the presence of pharmaceutical manufacturers such as IPCA Laboratories, Lupin, Cipla, Ranbaxy, Pentagon, ACG etc, and many others who are on verge of joining the growing list of Indore's top 100 pharma companies making a beeline for Indore- with a boost provided by Indore Special Economic Zone (SEZ).”We would be happy to have a State Board in Indore so that we can work closely with die small and medium companies for their well deserved growth," he said. Spread over 48 acres of land and 70,000 sq. ft. floor area 'Pharma Tech Expo 2011' was supported by Madhya Pradesh Pharmaceutical Manufacturers Organization (MFPMO), Pithampur Audhyogik Sangathan, Govindpura Industries Association, Association of Industries Madhya Pradesh and MPSIDC. The event was sponsored by Cemach, AGG Worldwide, Choksi Labs and Spectra Soft. More than 150 exhibitors were present in the exhibition from all over the numbers a few from Korea, Singapore & Belgium made their presence felt by showcasing their latest technologies and products. The exhibitors mainly consisted of processing plant & machinery, packaging materials & machinery, lab equipment 6 lab wares. There were also participants from the arena of healthcare products, environment & pollution control as well as trade, associations & promotion bodies. Making its debut, Pharma Tech Expo 2011 highlighted the latest advancements, achievements, modern technology and trends within the industry in manufacturing, packaging, R&D etc. The expo also showcased latest products, machinery, and equipment for business generation
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