Chinese delegation to visit Tamil Nadu from October 5-15 to invite Indian pharma cos to invest in China
A delegation comprising officials of Municipal Government and representatives of medical and pharma sector from the port city of Fangchenggang in south China is scheduled to visit Tamil Nadu from October 5 to 15 this year to discuss with the pharma industry players in the state and explore opportunities for investment in the upcoming Pilot Zone in south China's Guang Xi province.
China’s International Medical Opening-up Pilot Zone (Pilot Zone) is a special economic zone on the lines of SEZ in India and it is subject to unique economic regulations for establishing business units, mainly pharmaceutical manufacturing and medical innovation, sources from the Pilot Zone informed Pharmabiz.
Led by Ban Zhongbo, the mayor of Fangchenggang, the delegation will meet the captains of drugs and medical devices manufacturing industries and managements of leading hospitals in Tamil Nadu and discuss various investment opportunities in the upcoming Pilot Zone in China. The meeting is organized here by the Tamil Nadu branch of the Indian Drugs Manufacturers Association (TN IDMA). The delegation will also visit major pharma and medical devices manufacturing companies in other states and hold discussion with the industry captains. The formal Chinese delegation-Indian industry meeting will be held on October 11 in Chennai.
The Medical Pilot Zone project is developed in Fangchenggang by the Beijing Peace Tour Cultural Exchanges Centre (Peace Tour) in association with the local municipal government. Peace Tour is an international cultural exchanges organization in China and it aims to promote medical innovation and cooperation among SCO (Shanghai Cooperation Organisation) countries. India is a member of the SCO countries, said Lin Xi, the project officer of the Beijing based International Medical Innovation & Corporation Forum (IMICF), over telephone.