Healthcare & Hygiene EXPO 2020- India’s first-ever Largest Virtual Exhibition

Organized by the Federation of Indian Chambers of Commerce & Industry (FICCI), the five-day Virtual Healthcare & Hygiene Expo was e-inaugurated on 22^nd June 2020 by Mansukh Mandaviya (Union Minister of State for Chemicals & Fertilizers).

As Digital India is making a way forward, the exhibition is the first-ever virtual exhibition in India. The virtual event will be live daily from 22^nd to 26^th June.

Aim of the Event

The event is to create a self-reliant ecosystem in the Pharmaceuticals and Health & Hygiene Sector by ramping up domestic production. In our resolute fight against the COVID-19 pandemic, this sector has a greater significance.

During the five day event, the focus will also be on (i) Health Infrastructure such as medical devices, ventilators, etc, (ii) Benefits of AYUSH (Ayurveda, Yoga, Unani, Siddha, and Homeopathy) and (iii) On Medical Textiles & Consumables.

Bulk Drug Park in India

At the beginning of the Pandemic in March 2020, India’s dependence on foreign imports for Active Pharmaceutical Ingredients (API) was highlighted. Indian Pharmaceutical Companies imported more than 70% of the API used for manufacturing medicines in the country.

In order to end this dependency, the Government of India has taken steps for setting up Bulk Drug Parks in the country. API is also known as Bulk Drug, it is the most essential component for the manufacturing of any drugs.

At the inauguration event, Mansukh Mandaviya informed that by equity participation, the Government is ready to provide the private sector for setting up of Bulk Drug Parks in the country. This will further help in building an AtmaNirbhar Bharat.

Month: Current Affairs - June, 2020