Pharmexcil to establish warehousing facility in Nigeria
The Pharmaceuticals Export Promotion Council of India (Pharmexcil), is planning
to establish a warehousing facility in Nigeria to support Indian exporters in
Africa.
With an aim to assist Indian pharma exporters who are facing problems with
regard to safe storage and distribution of pharmaceutical products to African
countries, Pharmexcil with the support of ministry of commerce government of
India has proposed to open a warehouse facility in the city of Lagos in Nigeria.
The Council had come out with the proposal to establish the warehousing facility
in Nigeria, as the existing facilities are not up to the international standards
and provide no fool proof security. Though warehouse practices are generally
good, but majority of them exhibit poor storage conditions.
Moreover stock management is done manually and does not track batch numbers and
expiry dates on bin cards. In addition, no safety equipment or stock reports are
in place. Though most of the warehouses employ dedicated security personnel for
receiving and dispatch but has no segregated areas for those activities. Other
disadvantages are no alarms, no security cameras, or other security measures are
in place, and the role of security personnel is limited.
In view of this, Pharmexcil with the support ministry of commerce government of
India and with the consent of members of pharma exporters to the African
countries, has proposed to set up a warehouse that would not only help Indian
exporters to store their stocks securely but can also use it as a storage point
from where the exporters can distribute their products to other neighbouring
countries.
“Pharmexcil with the support of Ministry of Commerce is soon planning to
establish a warehousing facility in Nigeria. This will assist our members who
are exporting to Nigeria,” informed Raghuveer Kini, executive director,
Pharmexcil.
(Ref: The Chronicle Pharmabiz dated January 23, 2014)
GE, IIT Madras Ink R&D Pact To Speed Up Innovation For
Healthcare
GE Healthcare, the US$ 18 billion healthcare business of General Electric
Company and Healthcare Technology Innovation Centre (HTIC), a multi-disciplinary
R&D centre of IIT Chennai have entered into a three-year collaborative research
and development agreement for innovating a range of disruptive and affordable
healthcare solutions. GE will provide a grant of Rs.75 lakh to HTIC towards
research and development of these disruptive solutions that can benefit all
emerging markets.
This initiative will address the unmet and unvoiced needs in the areas of mother
and child health, cardiology and cancer. The collaboration will encourage “open
innovation” and leverage co-creation of solutions with the involvement of
multiple stakeholders such as academia, start-ups, governments, NGOs and
clinicians to achieve these goals.
Commenting on the partnership, Terri Bresenham, president & CEO, GE Healthcare,
South Asia, said, “We at GE Healthcare are at work for a healthier India through
development of innovative and affordable technology solutions. Accelerating
innovation for affordable healthcare requires an ecosystem of partners and
collaborative efforts by all stakeholders. We firmly believe that the ideas and
innovations developed by the next generation of researchers will be an added
benefit to the healthcare ecosystem. This collaboration between HTIC and GE
Healthcare will bring together start-up dynamism and corporate scalability to
healthcare innovations while putting the unserved customer at the centre of
healthcare innovation.”
“We believe that a collaborative ecosystem is essential for innovative and
disruptive solutions for affordable and accessible healthcare. HTIC anchors a
dynamic med-tech innovation ecosystem of healthcare institutions, industry and
government agencies in pursuit of delivering high impact healthcare
technologies. We are pleased to join hands with GE Healthcare, and together look
forward to develop a pool of affordable and accessible technologies and
solutions that create large impact in healthcare in India, and the world,” said
Dr Mohanasankar Sivaprakasam, head, Healthcare Technology Innovation Centre, IIT-Chennai.
“IIT Madras is proud that HTIC is partnering with GE Healthcare to address the
challenges of unmet healthcare needs in India and other similar emerging
economies. We need to take a completely new approach to screening, diagnosis and
treatment in order to make healthcare affordable and universally accessible,”
said Prof. Bhaskar Ramamurthi, director, IIT Chennai.
“Last year, during a very brief visit to the HTIC research park, we were
impressed with the work and caliber of the organization. The partnership will
allow to bring out the total potential of the joint work in the healthcare
segment,” said, Gopichand Katragadda, managing director, John F Welch Technology
Centre.
(Ref: The Chronicle Pharmabiz dated February 06, 2014)
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