UAE seeks investment from Indian pharma companies

The United Arab Emirates has sought Indian investment in the pharmaceutical sector and promised to support any such venture.

"We have great cooperation with India and we look forward to supporting any Indian pharma or medical industry to invest with us," Amin Alamiri, UAE’s assistant undersecretary of health policy and licensing at the Ministry of Healthy and Prevention (Mohap) said at a virtual healthcare conference in Dubai.

Addressing the first UAE-India Healthcare Conference 2020, Pavan Kapoor, Indian Ambassador to the UAE, said his country would play a crucial role in ensuring the availability of the Covid-19 vaccine.

"India's vaccine manufacturers will play a crucial role in ensuring the widespread availability of the Covid-19 vaccine," Kapoor.

The conference was organized in partnership with the Indian missions in the UAE, the Federation of Indian Chambers Commerce and Industry (FICCI) and Invest India.

"The UAE Government is constantly improving its image as a destination for medical tourism and also as manufacturing and distribution hub for pharmaceutical products," added Kapoor.

Speakers at the conference discussed ways in which the two nations can exchange ideas on exploring new avenues for partnership, Khaleej Times reported.

"The world requires a new kind of approach to tackle such unprecedented health and economic crisis, one that fosters cooperation and not isolation among all the stakeholders," said Ahmed Albanna, Ambassador of the UAE to India.