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Myanmar govt proposes tender for massive purchase of generic medicines
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Swati Rana, Mumbai
December 23 , 2016
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The Ministry of Health in Myanmar has invited pharma companies to supply
generic medicines in Myanmar. The country is looking for massive
purchase of generic medicines through tenders around April 2017.
The
Union ministry of commerce is planning to have a meeting on December
23, 2016 to discuss how to cater to the drug requirements of Myanmar.
Embassy of India at Myanmar has shared a communication with the
government of India that the Myanmar government is looking for the
procurement of generic medicines through tenders and pharmaceutical
products from India may be given preference in the procurement process.
Dr
P V Appaji, director general of the Pharmaceuticals Export Promotion
Council of India (Pharmexcil) says, “We have received the information
from the ministry of commerce and we have informed our members about the
opportunity to supply generic medicines in Myanmar. If number of
interested members are more we will take a team of delegation to Myanmar
for better understanding.”
He further said that Indian pharma
companies have a strong presence in Myanmar and Indian drugs are
preferred for its quality at a reasonable cost. Myanmar is one of
India's important destination of pharmaceutical exports and about 40 per
cent of medicinal requirements of Myanmar are being contributed by
India.
To explore the Myanmar market, the council had also
organised a buyer seller meet in Myanmar in March this year under MDA
activity. During financial year 2014-15 India has exported US$ 178.58
million worth of pharmaceuticals to Myanmar.
According to
Pharmexcil, in 2014, Myanmar’s pharmaceutical expenditures were an
estimated US$ 390 million and it could reach as high as $1.12 billion by
2023, making it a lucrative market for Indian firms.
India
exported about dollar 141 million in pharmaceutical products to Myanmar
in the fiscal year 2013-14, about 1 per cent of its total dollar 15.1
billion in exports worldwide for the year.
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