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Insurance Article

Saudi Arabia Eager to get Indian Pharma Products

May 15 2012

Visit of Prime Minister Dr Manmohan Singh and Riyadh declaration signing during Feb 2010 further arranged for the groundwork for all new epoch of strategic conglomeration between the two nations.

Speaker of Majlis Ash Shura (Consultative Council) of the Kingdom of Saudi Arabia, Dr. Abdullah Bin Mohammed bin Ibrahim Al Al-Sheikh, recently led a parliamentary delegation. It was initially called upon by Ghulam Nabi Azad, the Union Health and Family Welfare Minister in New Delhi. The delegation is currently on a 3-day official visit to India. Azad elicited the close associations imitating centuries old financial and socio-cultural bonds between India and Saudi Arabia.

A rise in Indian investments in the Kingdom was witnessed, particularly after the validation of the Bilateral Investment Protection Agreement during the previous visit of King Abdullah to India in January 2006. Azad also reminisced his recent visit to Riyadh where he embodied India at the funeral rite of the Late Crown Prince of Saudi Arabia, Sultan bin Abdul Aziz.

Speaking of issues concerning the health industry, Azad also shared the Indian experience in various fields including Inventions in health care service provisions; Involvements in increased accessibility of health care and equitable and India’s proficiency in manufacturing high quality generic drugs at reasonable prices. Azad also noted that about 2 million Indians in Saudi Arabia account for the largest emigrant civic in the nation. He also mentioned that Saudi Arabia has a large number of doctors and nurses from India. The Minister recommended that India could definitely help Saudi Arabia with the knowledge of establishing best of medical colleges and medicine supplies.

Azad further mentioned that informed that India is known to be the fourth largest producer of pharmaceuticals across the world in terms of volume. He also said that it is the thirteenth largest in terms of value.

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