CPhI South East Asia Brings Spotlight on Indonesia
The event will take place at the Jakarta International Expo, Indonesia from April 8–10, 2015.
CPhI South East Asia will take place at the Jakarta International Expo, Indonesia from April 8–10, 2015. Organized by UBM EMEA, the event provides a networking platform for domestic and international buyers and suppliers from the pharmaceutical industry.
Indonesia, which is believed to be the central hub for pharmaceuticals in South East Asia, has caught the attention of overseas companies looking to capitalize on this growing industry. In 2014, CPhI South East Asia attracted 240 exhibitors and more than 6000 visitors. This year, a total of 38 countries, including the United States, India, China, and Japan, will be represented at the show compared with 23 in 2014.
The Indonesian pharmaceutical market was valued at $6.5 billion in 2014. The sector is maintaining an annual growth rate of 12.5% until 2018 and the local government is implementing initiatives to increase drug demand. Indonesia holds a growth opportunity for both domestic and foreign companies and CPhI South East Asia serves as a platform for business opportunities to be started or fostered across the region.
Source: CPhI South East Asia
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