India has huge untapped pharma equipment market in neighbouring Bangladesh: EEPC

DHAKA, May 20: India met 8.2 per cent of Bangladesh’s import in pharma machinery as of 2020 and there still lies a huge untapped market for pharma equipment makers of the country, which is yet to be explored, according to EEPC India, which has around 12000 members under its umbrella.
” India needs to work more and intensify its trading agreement with Bangladesh,” EEPC India chairman Mahesh Desai said as Asia Pharma 2022 kicked off in Dhaka on Thursday.
Desai said, ” This is an excellent opportunity to meet the decision makers, top management, regulatory authorities, consultants and pharma equipment industry professionals.”
This year over 650 exhibiting companies from 31 countries and over 12,800 trade visitors are expected to participate in the mega pharma show, which is being hosted between May 19-21.
EEPC India has led a contingent of Indian pharma machinery manufacturers to the 13th edition of
the mega pharma show.
The Asia Pharma 2022 will feature the complete range of all the segments required for pharmaceuticals industry with special pavilions on pharma processing & packaging machineries,
API manufacturing plants and machineries, analytical & biotech lab equipment, pharma formulations and contract manufacturing among others.
The fifth largest producer of drugs and pharmaceuticals after the USA, Japan, Europe and China, India has emerged as a single point resource for pharma machinery and engineering equipment in the world pharma market.
India is slowly turning into a ‘Pharma Capital’ of the world. The regulatory standards fulfilling steep parameters are ensuring very high quality pharma production complying with the international regulations.
EEPC India Executive Director Suranjan Gupta said, “The pharmaceutical industry is one of the most technologically advanced sectors currently in existence in Bangladesh. Asia Pharma 2022 is the right platform for Indian manufacturers and suppliers to showcase their technologies and increase trade.”
Nazmul Hassan, Member of Parliament (MP), Bangladesh was the Chief Guest at the inaugural ceremony of Asia Pharma 2022. Major General Mohammad Yousuf, Director General, Directorate General of Drug Administration was present as special guest on the occasion.
Dr Pramyesh Basall, Second Secretary at Indian High Commission, Dhaka attended the inaugural ceremony.