40 Indian pharma firms to feature in Nigerian exhibition

Last Updated: Friday, March 11, 2011 - 00:00

Abuja: More than 40 pharmaceutical firms
from India are expected to participate in a two-day
exhibition in Nigeria later this month.

The event, scheduled on March 23 and 24, called `Brand
India` focuses on the pharma sector and will take the shape of
"a business to business exhibition promoting JV investment in
pharmaceutical manufacture, and increased distributorship of
finished preparations," Bryan Pearson, an organiser and MD of
FSG Communications Ltd in London said.

The general secretary of Indian Pharmaceutical
Manufacturers In Nigeria (IPMN) Dr Prasenjit Banerji said
bringing in new Indian pharmaceutical companies to the African
nation would lead to product improvement and high generation
of employment.

"Some would want to come and explore the possibility
of exportation while other may seek to set up manufacturing
companies here."

In the past a controversy had been raised in Nigeria
over fake drugs, which are said to be mass-produced in India.
But Banerji explained that such drugs were discovered to have
been manufactured in China, whereas they carried false Indian
labels.

He said historically India is good in pharma sector
and the exhibition would lead to sharing of technology and
human resources.

Nigeria enjoys a huge import of pharma products from
India and many Indian companies already exist here.

During a visit to India in 2009, the director general
of the Nigeria?s drug regulator -- National Agency for Food
and Drugs Administration and Control (NAFDAC) -- Paul Orhii
floated the idea of having regulated retail outlets all over
the country in partnership with India to counter the
unregulated medicine stores.

He led a team of five officials from his agency and
five business men to an Indo-Africa Pharma business meeting
which was held in Hyderabad. The meeting, which lasted for
three days, dwelt on the quality of drugs imported into
Nigeria.

PTI



First Published: Friday, March 11, 2011 - 00:00

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