Myanmar’s largest importer, India, launches its ‘Pharma and Healthcare Expo’ in Yangon

Products from Indian pharmaceutical industry are being displayed at the 3rd India Pharma and Healthcare Expo in Yangon. Photo: Khaing Thanda Lwin
Products from Indian pharmaceutical industry are being displayed at the 3rd India Pharma and Healthcare Expo in Yangon. Photo: Khaing Thanda Lwin

Yangon, 19 Feb—Organized by the Myanmar India Business Chamber (MIBC) and the Pharmaceutical Export Promotion Council of India (Pharmexcil), India Pharma and Healthcare Expo-BSM was launched on Thursday in Yangon with the aim of creating more business links between Myanmar and India.
The third exhibition, from 19 to 21 February, is also aimed at sharing the latest trends in the medical and pharmaceutical fields as well as exchanging valuable information and innovative ideas among people in the pharmaceutical industry, Dr P.V. Appaji, director general of Pharmexcil, said.
In addition to the exhibition of products, buyer-seller meetings, technical seminars, corporate presentations and health-related workshops are scheduled to be held as highlights of the event.
India is now among the top five pharmaceutical emerging markets of the world. It ranks fourth in terms of total pharma market share in the Asia Pacific. The country accounts for 10 per cent of global production and 2 per cent of world pharmaceuticals markets.
India produces 40 to 70 per cent of the WHO demand for DPT and BCG, and 90 per cent of measles vaccines. Approximately 70 per cent of the patients in developing countries receive Indian medicines through NGOs, the organizer said.
“The Myanmar pharmaceutical market is currently estimated over $700 million, in which medicines from India have a market share of more than 45 per cent,” said Dr Win Si Thu, chairman of the Myanmar Pharmaceutical and Medical Equipment Entrepreneurs Association.
He went on to say that although there are six pharmaceutical factories in the country, most pharmaceutical requirements are filled by imports from overseas, especially from India, Thailand and China.—GNLM

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