JAKARTA, Indonesia, Dec. 15, 2016 /PRNewswire/
During his first ever visit to India, on Dec 12th Indonesian President Joko Widodo met with Prime Minister Narendra Modi in New Delhi, as Asia's two largest democracies seek to develop bilateral business, investments and trade. One immediate outcome was the establishment of the first direct flight between Mumbai and Jakarta, operated by Garuda Indonesia Airways.
In particular, President Widodo called on Indian firms to set up shop in Indonesia to invest in its fast growing, strategic pharmaceutical industry and leverage the favorable environment that allows foreign investors to own 100% of local companies. Indian companies already supply almost 40% of the pharma raw materials processed in Indonesia.
These and other positive factors have contributed to the upsurge in interest in the Indonesian pharma market as reflected in the steady development of CPhI SEA, the only trade exhibition dedicated to the pharma industry in the region. Held at Jakarta International Expo during March 22-24, 2017, CPhI SEA will showcase additional features like the South East Asian distributors' forum, the packaging forum, the innovation gallery and the investment forum.
Don't miss the opportunity to be part of the change, register here and join the event!