India could expand a portfolio of generics exported to Ukraine thanks to medications that lost patent protection of innovative drugs, which will become available before 2020, President of the Indian Pharmaceutical Manufacturers’ Association (IPMA) Dr. Ramanan Unni Parambath Menon has told Interfax-Ukraine. “Exports of Indian pharmaceutical products will grow, and the portfolio of generic products that can be supplied to Ukraine will expand, since by 2020 branded drugs worth about $55 billion will lose patent protection,” he said on the sidelines of the annual business seminar “India – Global force in pharmaceutics – Reliable partner for Ukraine” held late November in Kyiv.
He said that at present, retail and hospital sales of Indian medicines account for more than UAH 2.633 billion per year, including UAH 334.3 million in the hospital segment. The share of branded generic production of Indian pharmaceutical companies is 59.4% of this segment. According to Dr. Menon, “generic products are market drivers.” “The share of generic drugs is growing in monetary terms and in kind. Products of Indian companies are more branded generics,” he said.
Currently, the top 10 Indian pharmaceutical companies on the Ukrainian market include five IPMA member companies – Dr. Reddys, Abryl Formulations, Organosyn Life Sciences, SUN Pharma, Macleods Pharmaceuticals; and two IPMA member companies are in the top 20 – Aurobindo Pharma and Hetero Labs.
In total, 365 Indian brands are currently represented in the Ukrainian pharmaceutical market.
The IPMA predicts that by the end of 2018, sales of Indian medicines in Ukraine will grow by 22.7% in hryvnias or 19.9% in U.S. dollars compared with 2017. At the same time, sales of Indian drugs in kind will increase by 2.5%.
The growth in sales of Indian pharmaceutical products in 2019 in monetary terms could be 18.1% in hryvnias or 9.5% in U.S. dollars, while maintaining the total supply volumes.
The Embassy of India in Kyiv, in association with Pharmaceuticals Export Promotion Council of India (PHARMEXCIL) and Indian Pharmaceuticals Manufacturers Association (IPMA), Ukraine is organizing the annual business seminar on pharmaceutical and herbal sectors “India- a Global Power in Pharmaceutical Sector: a Reliable Partner for Ukraine” on 30th November, 2018 in Kyiv to promote and display the potential of India in these sectors.
For more information, please send a request to the e-mail com.kyiv.india@gmail.com.
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The Embassy of India in Kyiv in cooperation with the Pharmaceuticals Export Promotion Council of India (Pharmexcil) and the Indian Pharmaceutical Manufacturers Association (IPMA) will hold an annual business seminar in Ukraine to promote and demonstrate the potential of India in the pharmaceutical manufacturing sectors, Indian Ambassador to Ukraine Partha Satpathy has stated at a press conference at Interfax-Ukraine. “Pharmexcil is the Pharmaceuticals Export Promotion Council of India. The main task of this organization is to unite all important pharmaceutical manufacturers in India. The council cooperates with the government, represents the interests of manufacturers in exports, in particular brings pharmaceutical products in compliance with the requirements of the WHO and the importing country,” the ambassador said.
President of the Indian Pharmaceutical Manufacturers Association (IPMA) Dr. Menon, in turn, said that Pharmexcil plans to present several projects in Ukraine.
“Pharmexcil wants to find partners in Ukraine in the field of Ayurveda, clinical trials and create a joint venture for production of medicines,” he said.
The Indian ambassador noted that India is the third largest exporter of pharmaceutical products to Ukraine following Germany and France in terms of value, while Indian pharmaceutical companies supply high-quality products at a very good and competitive price.
State-owned enterprise (SOE) Spetstechnoexport is boosting defense cooperation with India and opening its second representative office on the largest defense market of the South Asian region. The press service of the company reported on Tuesday that the representative office of Spetstechnoexport opened in October in Nashik, India, will provide operational and effective cooperation with Indian partners, including the implementation of the new arrangements in the defense cooperation sphere signed by Ukraine in 2018 with Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL).
According to the report, the new arrangements with HAL foresee expansion of defense cooperation in the aviation cluster, in particular, the supply of defense systems for Indian helicopters, joint research and the developments, establishment of production of specific aviation systems in India.
Spetstechnoexport engages Ukrainian defense enterprises in cooperation with the HAL, in particular the Lviv State Aircraft Repair Plant, the Odesa Aviation Plant, SOE Institute for scientific research Storm, SOE Kharkiv Machine-Building Plant FED, the Kharkiv Aggregate Design Bureau, SOE Novator, Radionix LLC and others.
The possibility of closer communication with foreign partners allows increasing the volume of cooperation, the company said. This year, Spetstechnoexport has almost tripled the volume of supplies of defense products to the needs of the Hindustan Aeronautics Limited aircraft division compared to the level of 2016.
Spetstechnoexport has an opportunity to take part in tenders for joint modernization of radars P-18 and ST-68, as well as air defense systems, such as ZSU-23-4 Shilka, P-125 Pechora and others under new arrangements with BEL.
The press service said that during the DefExpo 2018 international defense exhibition in India, Spetstechnoexport signed new contracts in the aviation sector with the total cost of about $20 million.
Exports of Ukrainian agrarian products to European countries in January-February 2018 increased by 28.1%, or by $224.7 million, and amounted to $1.025 billion compared to the same period of 2017, the Ministry of Agrarian Policy and Food reported referring to the deputy minister for European integration, Olha Trofimtseva. “Thus, at the moment, the EU accounts for 36.5% of our agricultural exports,” she said.
On the whole, the foreign trade in agricultural products in the first two months of 2018 amounted to $3.7 billion, of which $2.8 billion fall for the export of Ukrainian agrarian and food products.
“In the first two months of this year, Ukrainian agrarian exports increased by $102.1 million compared to the corresponding period of 2017 and reached $2.8 billion. Our traditional export leaders are cereals with a 35.3% share, vegetable oil with 24.1% and oilseeds with 12%,” the deputy minister added. During this period, export of Ukrainian poultry meat grew by $29 million, eggs by $11.4 million, butter by $20 million, chocolate by $7.5 million, grape wines by $6.1 million, she said.
According to Trofimtseva, in January-February 2018, the largest importer of Ukrainian agrarian and food products was India, which imported Ukrainian products worth $335.9 million. The top five trade partners included Spain with $201.1 million worth of imported Ukrainian products, the Netherlands with $199.3 million, Egypt with $189.6 million and Italy with $185.6 million.
AGRARIAN, AGRI EXPORT, EU, IMPORT, INDIA
Ukraine and India have signed new contracts worth $20 million to expand bilateral military and technical cooperation as part of the 10th international defense exhibition Def Expo 2018, which is taking place in Chennai (India) on April 11-14, the press service of the Ukroboronprom State Concern reported on Thursday. According to the report, following its participation in the first two days of the exhibition, Spetstechnoexport, part of Ukroboronprom, signed contracts worth about UAH 500 million.
“Representatives of the state-owned enterprise Spetstechnoexport, as part of Def Expo 2018, signed an agreement on cooperation with Indian state-owned company Bharat Electronics Limited. The agreement outlines cooperation between the parties as part of programs for the modernization and localization of the production of components for armored vehicles. Representatives of the Ukrainian and Indian defense industries are to be involved in the creation of a new a tank for the needs of the Indian Defense Ministry, the modernization of radar and air defense systems produced by the former Soviet Union, and joint research and engineering development, including in the sonar and radar directions,” reads the statement.
Bharat Electronics Limited is one of the largest Indian suppliers of defense products for the Indian Defense Ministry. Spetstechnoexport is one of the leading special exporters of Ukraine. It has been part of the Ukroboronprom State Concern since December 2010.
