PXL/HO/Cir-136/2021-22 Date: 08.02.2022
Hyderabad
Dear Sir/Madam,
Subject: Register your Participation: Pharmexcil Business Delegation (physical) to Philippines, Vietnam and Indonesia during 21st -30th March 2022(MAI assistance available)
We would like to bring to your kind notice that Pharmexcil with the support of the Ministry of Commerce & Industry, Government of India is organizing Business Delegation to Philippines, Vietnam and Indonesia during the week of March commencing from 21.March.2022 until 30.March.2022.The Missions in Philippines, Vietnam and Indonesia have given their acceptance for hosting the Business Delegation.
ASEAN is one of the major importers of Indian generic medicines with an approximately USD 13 BN generic market. The region offers great potential for India pharmaceutical products and our exports during the fy 2020-21 is USD 1462 mn contributing about 6 % of the total pharma exports from India, with a growth rate of 13.14% over previous year. During April-Jan (2021-22), the exports to ASEAN have touched USD 1461 mn with a growth rate of 18% over April-Jan (2020-21).
Considering the nature of the region falling into Focus area for pharmaceutical exports from India and the potential for Generics and APIs, Pharmexcil is organising a business delegation (physical) to Philippines (Manila), Vietnam (Ho Chi Minh), and Indonesia (Jakarta).
As part of the Business Delegation, Buyer Seller Meets will be organised at each country along with meetings with the Regulatory officials and prominent trade associations. The details of the BSM schedule and other meetings will be shared soon.
PARTICIPATION DETAILS:
· Participation fee is Rs.60,000/-for BSM in all three countries. Participation fee includes BSM set up at all Destinations.
· Members are required to submit a mandatory Registration form via google form (link) withcomplete details as per the provided format latest by 14th February, 2022.
· On the submission of the Registration form, you are required to pay INR 60,000 in favor of “Pharmaceuticals Export Promotion Council of India” and share the payment details with accounts2@pharmexcil.com (Bank Details enclosed).
· Members may please note that confirmation of your participation is based on receipt of the payment.
· The suggested Flight itinerary, Hotel names and tariffs (in consultation with Indian Missions abroad) will be communicated in due course.
· Destination can undergo change/modifications/cancelled subject to our Embassy/Missions advice in view of unavoidable circumstances pertaining to the travel restrictions.
· Participation fee is non-refundable and can be refunded only if the event is cancelled due to unavoidable circumstances at the instance of our Mission/Council
MAI ASSISTANCE:
Members whose export turnover during previous year are less than Rs.50.00 crores and are having minimum of one year (12 calendar months) membership with the council are eligible for MAI assistance subject to the other guidelines of MAI scheme. Under the scheme Director/Partner/Proprietor/Senior Managers can avail reimbursement of economy class airfare subject to a maximum of INR 75,000/- per company.
We therefore request you to kindly register your participation to join the Business Delegation to enable Pharmexcil make necessary arrangements for Visa and travel for the Business Delegation.
For more information /further clarifications, members may write to us at dd.smk@pharmexcil.com
Thanking you,
With regards,
Uday Bhaskar
Director General
Bank details :
Beneficiary name : Pharmaceuticals Export Promotion Council of India
Bank Name : Union Bank of India
Current A/c. No : 510131000001693
IFSC Code : UBIN0805220
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