■ Business Bureau :
THE Vidarbha Industries Association (VIA) in association with Nagpur First recently conducted a seminar - ‘Building on the established base’ – for Development of Pharmaceutical Eco-System in Nagpur and surrounding region for bringing investment to the region and creating Jobs’. At the outset Dinesh Jain, CoFounder and President of Nagpur First, welcomed the participants and said that Nagpur First is taking efforts to make Nagpur a global destination. In the first session, Dr Bharat Shrikhande, Senior President of Shree Baidyanath Ayurved Bhavan Ltd narrated the success story of the company and Ram Narayan Sharma. Ravleen Khurana, MD of Nitika Pharma Specialties Pvt Ltd, also shared his company’s story.
Nitika Pharma has done lots of research and development and many companies have appreciated the same. In the second session, Michael Rosen, MD of Rosen Bio Life Sciences Chicago, having vast experience in the pharma sector and in the development of Science and Technology parks in different parts of the world, described the two examples of Illinois Science and Technology Park and his current project – Science Park at Rosalind Franklin University of Medical Sciences. Such Science & Technology parks will be a great support to the Pharma industry and it will create good job opportunities, he said. Further, he suggested that Nagpur should have a Science and Technology park based on the PPP model.
He had visited various technology parks around the globe and keen to support such initiatives in India. Manish Bhatkar Founder and CEO of Red Lotus Pharmtech Pvt Ltd shared statistics about Pharma landscape in and around Nagpur and said Nagpur has got various strong factors and companies around Nagpur generates business of around Rs 1500 crore per year. All major elements are available in the vicinity of Nagpur and it has a rich resource of Iron and iron-based molecules. Apart from this, there is an opportunity for vaccines, food supplements, products from poultry and poultry waste. These opportunities can be used by new entrepreneurs and established companies. He also shared the success story of LUPIN in Nagpur. CA Girish Deodhar, Moderated the panel discussion wherein Anwar Daud, MD-ZIM Laboratories Ltd said that challenges are the same for everyone in the pharma sector and one of the main difficulties is to identify the right partner for import and exports. Aneesh Taneja, Director of Chemfield Cellulose, said manufacturing is his area of work and now India also has become a good market.
Suresh Rathi, President ofVIA, said the Pharma sector is a very important segment in the economy of any country especially in a developing country like India. VIA has formed various groups and joined hands with Nagpur First and VDMA for the growth of the pharma sector in Nagpur andVidarbha.“An ample amount of land is available in this region, infrastructure is available here, and also having international connections,. An individual can avail numerous benefits by investing into this region and we at VIA can provide all kinds of handholding for setting up your business over here,” he added. He also congratulated all the speakers for sharing their knowledge and expertise. Dinesh Jain gave the concluding remarks and also proposed the vote of thanks