Gambia seeks Indian investment in pharma sector

Health minister Sey

Health minister Sey

The Gambia is one of the African countries that are keen on having Indian pharmaceutical companies invest in their expanding health care systems.

The Hindu, an Indian newspaper reported yesterday that The Gambia and others are seeking joint ventures in various areas ranging from establishment of hospitals and clinics to setting up units manufacturing drugs and medical equipment.

“Essential and life saving drugs including medical equipment and articles are in utter shortage in the entire African continents and especially in The Gambia,” said Omar Sey, Minister of Health, at the India-Africa business forum meeting in New Delhi on Wednesday.

“The Indian pharmaceuticals and health industry could reach out and help fill this gap.”

Sey was speaking at a session on “Delivering Affordable Healthcare Solutions for Africa”.

The meeting is jointly organised by the CII, FICCI, ASSOCHAM and PHD Chamber.

The Minister said The Gambia would provide a safe and stable industrial environment and atmosphere for Indian industry and its investments given the fact that the relations between India and The Gambia have grown over the years and matured significantly.

Namibia is an ideal destination for Indian pharmaceutical industry to invest as it does not have any pharmaceutical plant yet, pointed out Tarah Shaanika, CEO, Namibia Chamber of Commerce and Industry.

“We are turning into a hub for supplying goods to the rest of Africa. If Indians invest in our country, they could not only sell in Namibia but also access the rest of the continent,” she said.

Indian generics account for 20 per cent of drugs consumed in Africa.

Advertisements

Share your response with others

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s