The recently concluded pharma trade show, Pharmac South 2024, in Chennai has established itself as a big platform for bringing together pharmaceutical manufacturers, marketers, suppliers of raw materials and contract manufacturers of the south Indian states to explore new opportunities.
In total, the trade show has helped in showcasing the manufacturing capability of the pharma companies in the MSME sector of Tamil Nadu as most of the IDMA members are operating small and medium enterprises.
According to M Radhakrishnan, head of Apex Laboratories and EC member of the TN IDMA, this trade show which was the 9th in series, helped a lot to extend the business network of the MSME Pharma and allied companies. The Expo had a participation of 147 exhibitors who included from pharmaceuticals, machineries, packaging and labeling, and other allied sectors. Various kinds of innovative products and services were an attraction to this year’s show.
Responding to queries from Pharmabiz, Radhakrishnan said, “Tamil Nadu pharmaceutical industry’s presence is predominantly in contract manufacturing. It is pertinent to mention that vast majority of the companies are in MSME sector in Tamil Nadu, Pondicherry and Kerala. Hence the Pharmac South is a very nodal event in showcasing the manufacturing capability of the industries in these states, especially of the MSME sector. Most of the members of the IDMA in Tamil Nadu, Pondicherry and Kerala are also small and medium companies.”
He said the expo was also a platform for technology and service providers in pharma to showcase their products and technology advancements which the user companies get to see and benefit. In every way it was beneficial to the MSME sector in pharma sphere. The proof is the increasing number of exhibitors year on year, he added.
J Rajamouli, chairman of the Telangana IDMA, who was present in the two days exhibition and seminars with his members from Telangana, said the trade show was a grand success with good participation of exhibitors and visitors. Further, the two days deliberations were very useful to the entrepreneurs, especially the discussion on the topic on New Schedule M. He congratulated the organisers for conducting a fantastic trade show like this.
Dr T Sathish of Tablets India and vice chairman of the TN IDMA said there were good responses this year from manufacturing companies, contract manufacturers and suppliers of various materials required for the industry. He said the MSME units in Tamil Nadu could build a wide network to increase their business in entire South India and explore a range of promising opportunities.