PXL/HO/Cir-015/2022-23                                                                    Date: 17.05.2022

Hyderabad

Dear Sir/Madam,

Subject: Market Research Report on the Pharmaceutical Sector in Oman

Pharmexcil is pleased to inform our members that at the recently concluded 10th Joint Commission Meeting (JCM) between India and Oman, a "Market Research Report on the Pharmaceutical Sector in Oman" commissioned by the Embassy of India in Muscat was released for the benefit of the Indian Pharmaceutical sector.

This comprehensive report was jointly released by Shri Piyush Goyal Ji, the Hon'ble Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, India and H.E. Mr. Qais Mohammed Moosa Al Yousef, the Hon'ble Minister for Commerce, Industry & Investment Promotion, The Sultanate of Oman.

Pharmexcil believes that market intelligence provided by this report will assist our members in better understanding the Omani market and making informed business decisions.

The recently concluded JCM between India and Oman is also significant for Indian pharmaceutical companies seeking to expand their business; since the Omani side has agreed to provide fast track approvals for Indian pharmaceutical products already registered with USFDA, UK MHRA and EMA.

Please find enclosed the Market Research Report for your ready reference.

Regards,

Uday Bhaskar

Director General

Encl: Market Research Report