Nigeria – Indian Pharma Exports to Nigeria Hit $307m Annually

April 4, 2013 2:39 pm0 commentsViews: 50

Indian High Commissioner to Nigeria, Mr. Mahesh Sachdev.

India remains the largest source of pharmaceutical products to Nigeria with pharmaceutical exports to Nigeria from that country standing at a whopping $307 million a year at the end of  March  2012,  having gone up by 35 percent and 37 percent  annually during the  previous two years.

The Indian High Commissioner to Nigeria, Mr. Mahesh Sachdev, disclosed this while speaking at the inauguration of the second edition of the India Pharma Exhibition and Buyer-Seller Meet  which held recently in Lagos and was attended by over 60 Indian pharmaceutical stakeholders.

He maintained that the increase in the number of participants at the show compared to the first edition was a reaffirmation of the growing mutual relevance between the two countries.

The India Pharma Exhibition and Buyer-Seller Meet  is being organised by Pharmaceuticals Export Promotion Council (PHARMEXCIL), the exporters’ association of India’s formidable pharmaceutical industry,  considered as the world’s third largest by volume.

According to the Indian High Commissioner, “This is the second time in less than two years that such an event is being organised in Nigeria. I am delighted to note that over 60 Indian pharma stakeholders have come to Nigeria for this event. I also commend enthusiastic participation by Nigeria own vibrant pharma sector. I believe that this is the largest such event to be held in Nigeria in pharma-sector, breaking the record of over 40 participants in the last Indian event two years ago.”

Director-General, PHARMEXCIL, Dr. P.V.Appaji, expressed gratitude to the Nigerian Government and the National Agency for Food and Drug Administration Control (NAFDAC) for the support given to members of his association just as he thanked all stakeholders for the warm reception given to Indian pharmaceutical companies in Nigeria.

Director-General, NAFDAC, Dr. Paul Orhii, lauded the efforts of the organisers, saying the forum designed to bring India pharma players to interact with their Nigerian counterparts, has the overarching goal of making genuine pharma products, especially the generic ones, available to Nigerians.

[By Olaolu Olusina -]

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