US-India Business Council to focus on biotechnology
September 10th, 2010 - 2:10 pm ICT by IANSBy Arun Kumar
Washington, Sep 10 (IANS) The US-India Business Council will embark on a life sciences executive mission to coincide with the Biotechnology Industry Organisation’s first annual international partnering conference in Hyderabad Sep 21-22.
Led by Amgen’s Romi Singh, executive director of Global Regulatory Affairs and Safety, the mission aims to increase industry cooperation, said the trade association which aims to advance commercial ties between the two countries.
According to the recently released “Vision 2020″ report produced by ABLE and PriceWaterhouseCoopers at the request of India’s Department of Industrial Policy and Promotion, the global bio-pharmaceutical market could be worth $319 billion by 2020. India should aim to capture 10 percent of this market, the report suggests.
The USIBC delegation, consisting of the world’s leading biopharmaceutical players, will be meeting with Indian government officials and industry leaders to discuss the policies and innovation ecosystem necessary to ensure that India meets or exceeds that target.
The bio-pharmaceutical industry executives will be joined by several industry leaders in the clinical research space.
“The clinical research industry will play a vital role in fostering the growth anticipated in the Vision 2020 report. This mission will help ensure that we’re laying the groundwork for increased regulatory harmonization and collaboration,” according to USIBC President Ron Somers.
The USIBC mission will also participate in several meetings of the bilateral US-India High Technology Cooperation Group.
The results of these meetings, focused on the regulation of biologics and biosimilars and on fighting spurious drugs, will ultimately form the basis of discussions between the US and Indian governments, the trade association said.
(Arun Kumar can be contacted at arun.kumar@ians.in)
- US trade group sends life sciences mission to India - Jan 31, 2012
- Corporate America seeks reforms, says budget not game-changing - Mar 17, 2012
- Corporate America seeks a bold India budget - Mar 14, 2012
- Obama visit may unshackle high-tech exports to India - Oct 18, 2010
- US business seeks free high-tech trade with India - Nov 02, 2010
- US-India business conclave to boost commercial ties - Jun 20, 2011
- US-India trade group vows to strengthen business ties - Sep 15, 2011
- India partnership at heart of 21st century vision: US official - Oct 13, 2011
- US executive mission to sell green technologies to India - Sep 23, 2009
- Obama visit to highlight trade ties: US group - Oct 06, 2010
- US investors keen to fund India's digital transformation - Dec 09, 2011
- US Ex-Im Bank director joins India-US trade body - Jul 28, 2011
- Be part of India's growth story, US business urged - Jun 24, 2011
- India, US launch SME forum to create jobs - Sep 22, 2010
- US-India trade promotion body launches education initiative - Jun 03, 2010
Tags: amgen, arun kumar, biotechnology industry, business council, commercial ties, global regulatory affairs, india business, indian government officials, indian governments, industry cooperation, industry executives, industry organisation, partnering conference, pharmaceutical market, president ron, research space, target, technology cooperation, usibc, vision 2020