With over 1,500 exhibitors from over 40 countries, CPhI & P-MEC India, according to the organisers, is the South Asia’s largest pharma event.
Speaking at the inauguration, Yogesh Mudras, managing director, UBM India said, "India is among the fastest-growing pharmaceutical markets in the world and has established itself as a global manufacturing and research hub. A large raw material base and the availability of a skilled workforce give the industry a definite competitive advantage over other countries.
“CPhI and P-MEC India is widely used as a barometer of pharma's overall health in India. Being the only platform that brings together Indian and global companies, the mammoth expo is a strong event reflecting and enhancing the value of the prosperous pharma industry."
Alongside the expo, UBM India has launched the second edition of the India Pharma Week (IPW), comprising more than ten events including a plant visit, Pharma Leaders’ Golf, Pre-connect Congress, Women in Pharma - Power Breakfast, India Pharma awards, networking evening, a closed door CEO Roundtable and many more activities.
The key packaging companies exhibiting at CPhI in the 2017 edition include West Pharmaceuticals Packaging India, ACG Worldwide, Ace Technologies & Packaging Systems Pvt Ltd, Uflex, Mespack, Essentra, and Edelmann among others.
With a compounded annual growth of 17.6%, Indian pharma sector is expected to be worth 55 billion USD by 2020. In line with this, the life science sector in India is also expected to employ close to 3.5 million people by 2022, a 100% increase in under a decade.