PXL/HO/Cir-091/2017-18 Date: 28.11.2017
All the Members of Council,
Subject: Interactive Meeting with High Level Delegation from Cuba; 11.00AM onwards followed by lunch, 7th December 2017, New Delhi
Closely following the multi-product delegation to Cuba led by Honb'le Commerce Minister Shri Suresh Prabhu a high level official delegation led by the Honorable Minister of Public Health of the Republic of Cuba, H.E Dr. Roberto Morales Ojeda and accompanied by the Vice President of the Group of Companies BIOCUBAFARMA, Ms. Mayda Mauri Perez is visiting New Delhi during 6-7th December 2017. They will also be accompanied by Mr. Nestor Marimon Torres, Director of International Relations and Cooperation of the Ministry of Public Health of Republic of Cuba and Mr. Alex Carreras Pons, Personal Advisor of the Minister.
In recent times India and Cuba has embarked on increasing economic relationship as both the nations do share a great political and traditional relation. During the visit of Shri Hamid Ansari, Hon'ble Vice president of India in October, 2013, the relations were upgraded to Special Strategic Partnership as a result there is an inclination of Cuba to increase imports from India and explore investments. Trade between India and Cuba stood at USD 43.18 Million in 2016-17. In 2016, pharmaceutical spending in Cuba reached an estimated value of USD1.61bn, which is expected to increase to USD1.72bn in 2017. Due to the country's historic commitment to healthcare improvement, Cuba's expenditure on drugs will outpace its GDP growth between 2016 and 2021, observing a compounded annual growth rate (CAGR) of 7.0% and reaching USD2.26bn by 2021. Per capita spending on medicine is expected to increase from USD140 to USD289 in the same period.
It is expected that these bilateral visits of business and official delegations will create synergies based on each other's strength and capabilities.
In order to understand the business opportunities and get a better insight, Pharmexcil is pleased to inform that an Interactive Session with the Vice President of the Group of Companies BIOCUBAFARMA, Ms. Mayda Mauri Perez is being organised on 7th December 2017 at New Delhi.
Honorable Minister of Public Health of the Republic of Cuba, H.E Dr. Roberto Morales Ojeda, Mr. Nestor Marimon Torres, Director of International Relations and Cooperation of the Ministry of Public Health of Republic of Cuba and Mr. Alex Carreras Pons, Personal Advisor of the Minister and His Excellency Cuban Ambassador, Mr. Oscar Martinez Cordoves are expected to participate in the interaction.
We take this opportunity to invite Senior Officers/Officers looking after Cuba and other LAC markets to participate in the meeting.
Please confirm your participation on the e-mail id- email@example.com with a copy to firstname.lastname@example.org We should receive the confirmation by 4th Dec 2017. We will inform the venue for meeting shortly.
Kindly acknowledge the receipt of this invitation.
With best regards
For more details
Dr Abhay Sinha, Regional Director, +91 93104123517; 011-45062550