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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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