First Indo-Uzbek Pharma Business Forum in Hyderabad Boosts Trade and Investment | Pharma Business

The First Indo-Uzbek Pharma Business Forum was successfully held in Hyderabad, Telangana, focusing on trade and investment opportunities in the pharmaceutical sector between India and Uzbekistan. This landmark event was jointly organized by the Embassy of Uzbekistan in New Delhi, the Pharmaceutical Industry Development Agency of Uzbekistan, and Neo Institute of Medical Sciences and Technology Ltd., bringing together high-level representatives and industry leaders from both nations.
The forum featured an address by H.E. Mr. Sardor M. Rustambaev, Ambassador of the Republic of Uzbekistan to India, who highlighted the importance of strengthening ties between India and Uzbekistan, especially in the pharmaceutical sector. Distinguished participants included Mr. Abdulla Azizov, Director of the Pharmaceutical Industry Development Agency of Uzbekistan, who delivered a very interactive PowerPoint presentation covering the current landscape and future prospects of the pharmaceutical industry in Uzbekistan. Dr. Divya Raj, Indian Representative of the Ministry of Health of the Republic of Uzbekistan and Managing Director of Neo Institute of Medical Sciences and Technology; Dr. Divya Raj emphasized the importance of the forum in fostering collaboration and innovation in the pharmaceutical sector. Notably, Neo Institute of Medical Sciences and Technology will represent the Pharmaceutical Industry Development Agency of Uzbekistan (PIDA) in India and assist PIDA in securing investments from Indian pharmaceutical companies. Other specialists and diplomats from the Uzbekistan Embassy were also present. Indian pharmaceutical companies such as Hetero Labs and Bharath Biotech, along with other reputed firms, took part in this significant event.
The forum facilitated comprehensive discussions on the potential for joint ventures, research collaborations, and technology transfers that will benefit both Indian and Uzbek pharmaceutical industries. Additionally, substantial investment interests were expressed, signaling a robust commitment to strengthening economic ties and fostering mutual growth.
The bilateral trade volume between India and Uzbekistan is approximately USD 800 million, with pharmaceutical products being a major export from India. The forum underscored the high priority placed on Indian pharmacy and healthcare by the Uzbek side. The healthcare industry and medical education were highlighted as key areas strengthening bilateral relations, which include political, economic, and cultural dimensions.
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