‘India pharma executives bullish on growth prospects in 2024’

Ahead of this month’s pharma trade exhibition, CPHI & PMEC India (28th- 30th November, 2023), the event organiser Informa Markets has confirmed that India has highest confidence in outsourcing growth globally among its pharma professionals.

Building on the back of the recently released CPHI Annual Report, in which India was widely seen as a global winner, executives from India have offered up the most positive outlook for 2024 – with 61% ‘highly positive’ and a further 37% ‘moderately confident’. This result contrasts with a global average of just 37% ‘highly positive’ and 54% ‘moderate’ in all executives.

CPHI & PMEC India will be held at the India Expo Centre (Greater Noida) in the New Delhi Capital Region with more than 1,800 exhibitors and is expected to draw over 48,000 executives from 120 countries.

Ms. Olga Ponomareva-Stepnaya, Brand Manager, CPHI India commented, “India is in a very strong moment with its pharma industry boosted by a number of tailwinds that our analysts believe will see it outperform most other regions. What we also see is that supply chains within India are evolving and growing alongside this to support the industry, which is why CPHI India is critical to maintaining the country’s and wider region’s moment into 2024.”

The event will feature the ‘India Pharma Week’ encompassing the annual ‘CEO Roundtable’, the ‘Pharma Pre-Connect Congress’, the ‘Women in Pharma Roundtable’ and the ‘Indian Pharma Awards’. The Awards, now in its 10th edition, will honour excellence across 13 categories, highlighting the invaluable work of industry champions, stalwarts & visionaries from across the Indian pharma industry. The awards night will be held in the evening of 28th November 2023 at the Expo Centre.

In line with wider pharma trends across the country for a more sustainable industry, this year’s edition will be the most sustainable to date and is powered exclusively by renewable energy sources. Registration to the event is free until November 24th, 2023 and the pass provides access to both the online and in person platforms.