Webinar on Medical Devices and API sector: Challenges and Emerging Opportunities held

Webinar on Medical Devices and API sector: Challenges and Emerging Opportunities held

A webinar for business and trade collaboration between India and Japan in the post-COVID-19 scenario was held on 22 May 2020 and was titled ‘Medical Devices and API sector: Challenges and Emerging Opportunities’.

Key Points:

• The Embassy of India, Tokyo, in collaboration with the Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, Govt. of India organized the webinar.
• Several golden opportunities for India and Japan were highlighted during the webinar to boost the relationship between the two countries in the context of the ongoing COVID-19 crisis along with a sectoral view and the investment opportunities in the pharmaceutical and medical device industry in India.
• The Japan Federation of Medical Devices Associations and Pharmaceutical Traders Association discussed several Post COVID-19 challenges and opportunities for the Pharmaceutical and Medical Device sectors.
• The effect of COVID19 on the global supply chain was also discussed and recommendations concerning the collaboration and partnership of two countries which can contribute in the stabilization of the supply-chain of especially APIs and Medical Devices.was also tabled at the webinar.​
• Finer details were offered by the representatives of State Governments of Telangana, Himachal Pradesh, Gujarat and Goa about the investment opportunities in their States which will include incentives and tax benefits, land availability, ease of doing business initiatives, infrastructural facilities and regulatory framework.
• ​Representatives from companies such as Wockhardt, MedTech Zone, Panacea Biotec, Sun Pharma, and other Japanese companies also participated in the webinar.