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China and India: Memorandum of Understanding

"The collaboration between the two will give an edge over the developed countries. Together we can meet the generic drug requirements of the world"

Indian Drug Manufacturer's Association Secretary General, Daara Patel

We were hoping something like this would happen! A mutual recognition of strengths has both of these giant markets poised for future success. India and China have agreed to sign a memorandum of understanding January 7, 2011 in Mumbai that will facilitate growth of the $3 billion dollar plus pharmaceutical and medical device trade volume already  this year.

I hope you can understand how genuinely excited we are. Collaboration on a global scale is incredibly important to us. It's essential to the effective dissemination of knowledge. We can often learn the most from those we don't know.

Posted by Jeff

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