Spend money on India, Sandhu urges US pharma cos

Washington, May 5

India has reached out to top US pharma companies seeking investment in the country’s pharmaceutical and medical devices sector, which gains urgency in view of a devastating second wave of the Covid pandemic.

India’s Ambassador to the US Taranjit Singh Sandhu has held virtual meetings with Pfizer CEO Alberta Bourla, Thermo Fisher CEO Marc Casper, Bernd Brust, the chairman and CEO of Antylia Scientific, and Joseph Repp, the CEO of Pall Life Sciences. He also had a call with Emmanuel Ligner, the CEO and president of Cytiva.

Sandhu mentioned that India was seeking to encourage investments into the pharmaceutical and medical devices sector. India, he said, had recently launched a production-linked incentive scheme that would provide the US companies new opportunities for investment.

“Discussed ways in which Pfizer could support healthcare efforts, including vaccines in India, and strengthen our pandemic response,” Sandhu said after his meeting with Bourla last week.— PTI

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