Pharmaceutical industry leaders are all set to explore the ways to strengthen correlation between chemical and pharmaceutical industries at the upcoming ‘NextGen Chemical & Petrochemical Summit 2021’ being organized by Indian Chemical News on October 7-8, 2021.  

The panel discussion on the second day of the virtual summit has been appropriately titled as ‘‘Strengthening correlation between chemical and pharmaceutical.’ The main theme of the event is "Moving in the big league." 

Please register as a delegate for the NextGen Chemicals & Petrochemicals Summit 2021 by clicking on the link. 

 The speakers are: Rajendra Chunodkar, President - Manufacturing Operations, Lupin Limited; Prashant Sharma, Chief Technical Officer, Cadila Healthcare Limited; Sudarshan Jain, Secretary General, Indian Pharmaceutical Alliance; Sudhir Toraskar, Senior Business Director – Asia South, Business Line Health Care, Evonik; Dr. Hardik Joshipura, Chief Executive Officer, Innovassynth Technologies (I) Limited; and Milan Patel, Joint Managing Director, Troikaa Pharmaceuticals Ltd. The session will be moderated by Pravin Prashant, Editor, Indian Chemical News. 

The discussion points will include topics such as growing linkages between pharmaceutical and chemical, building a conducive policy environment for growth, sourcing raw materials, creating value chain, and need for robust supply chain & logistics. 

Indian pharmaceutical business is third largest within the world and is one of the foremost developed industries. The sector supplies over 50% of global demand for various vaccines, 40% of generic demand in the US and 25% of all medicine in the UK. It is the largest provider of generic medicines globally, occupying a 20% share in global supply by volume, and also supplies 62% of global demand for vaccines. India ranks 3rd worldwide for production by volume and 14th by value. India has the highest number of US-FDA compliant Pharma plants outside of the USA and is home to more than 3,000 pharma companies with a strong network of over 10,500 manufacturing facilities. The pharmaceutical industry in India offers 60,000 generic brands across 60 therapeutic categories. 

The pharmaceutical industry is directly dependent on the chemical industry. The chemicals supplied are used for the production of many drugs and medicines. Many chemical industries are in business these days that will boost the manufacturing of a whole variety of pharmaceutical formulations, i.e., medicines prepared for consumption by patients. There are more than 350 bulk medicines, i.e., chemicals having therapeutic worth and used for production of pharmaceutical formulations. In comparison with other industries pharmaceuticals are the major consumers of the chemical industry. 

Indian pharmaceutical business these days is hierarchical in the world category, in terms of technology, quality and various medicines factory-made. From easy headache pills to stylish antibiotics and complicated viscous compounds, virtually each form of medication is currently created indigenously. With this rise in use of chemicals the dependent industries are supported very well. The chemical industry together with the chemical suppliers is important for the development of any country economically and technically; thus providing products and solutions in all sectors of the economy. 

The Government of India has recently announced Production Linked Incentives (PLI) plan to encourage API production in the country, under which an amount of Rs 12,000 crore has been allocated.  

The idea behind ‘NextGen Chemicals & Petrochemicals Summit 2021’ is to provide a premier forum for the high quality deliberations. Apart from offering insights from who’s who of the chemical and petrochemical industry, it will provide ample networking opportunities with industry experts and solution providers. With interactive branding opportunities available throughout the platform, partners can connect with their target audience from anywhere in the world. The participants can network with key decision makers from the chemical and petrochemical industry all under one roof with participation from CMDs, CEOs, MDs, and government officials. 

The summit is supported by the leading names in the industry. Among the platinum partners are: AspenTech, Trend Miner, Elliot Group, and Tridiagonal Solutions. Featured as the gold partners are: GPC, Ingenero, Durr, Evonik, Rieco, Premier Tech, and Agilent Technologies. Among the associate partners are Meghmani Finechem, Huntsman, Solvay, Aarti Industries, Sajjan India, Godavari Biorefineries, and Carbanio. The industry partners of the event include AMAI, PMFAI, and CCFI. 

Register Now by clicking here to attend India's largest event on chemical, petrochemical and pharma industry.