The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between India and Uzbekistan for increased cooperation in the areas of Trade, Industry, and Research & Development of Pharmaceutical products. The MoU will be signed during the visit of President of Uzbekistan to India on 1st October 2018.
In view of the importance of the growth of the pharmaceutical Industry in both countries and importance of mutual cooperation in trade, production, research and development in the pharmaceutical sector, both Governments have been trying to establish a formal mechanism of bilateral cooperation. The MoU will explore the possibilities for the production of medicines, including Active Pharmaceutical Ingredients (APIs) in different therapeutic segments in both countries. It will also exchange information on trade and registration procedures, legal and regulatory requirements for export and import of pharmaceuticals products, including APIs. The MoU will increase cooperation with the Republic of Uzbekistan in the areas of Trade, Industry and Research & Development of Pharmaceutical products.