Uzbekistan First International Tender

The Ministry of Investment and Foreign Trade the Agency for Development of the Pharmaceutical Industry as well as the Representative Office of the First Representative Office of Foreign Pharmaceutical Companies and Manufacturers in the Republic of Uzbekistan will be held on June 15 at the Hyatt Regency Tashkent.The forum is aimed at supporting local pharmaceutical manufacturers increasing the volume of localization and export of pharmaceutical products and attracting foreign companies to implement joint investment projects in Uzbekistan. The event aims to become a platform for the exchange of best practices and practices innovative methods and technologies between local and foreign manufacturers regulators retailers and pharmaceutical market professionals.Speaking at the opening ceremony of the forum speakers noted that over the past 5 years more than 100 investment projects worth about 500 million have been launched in the country 65 of which were organized with the participation of foreign investors. As a result the volume of pharmaceutical production increased 2.5 times and the volume of exports increased almost 5 times. More than 7000 new jobs have been created. It is reported that by 2026 it is planned to triple the volume of pharmaceutical production and increase the share of local drugs in the Uzbek market to 80. - - In particular conducting clinical trials allocating subsidies to national pharmaceutical companies to cover transportation costs registration and certification of products in foreign countries as well as GMP Effective Production OperationsIt was noted that there are trends in the recovery of costs associated with the implementation of international quality standards GDP Effective Product Distribution Operation and GPP Good Pharmacy Operation.The forum is attended by more than 100 representatives of leading local and foreign pharmaceutical companies heads of relevant ministries and departments foreign diplomatic missions as well as representatives of major pharmaceutical companies and distributors. The event will include measures for the development of the pharmaceutical industry of Uzbekistan the effective use of its investment and industrial potential the prospects for the establishment of joint ventures as well as the protection of intellectual property in the pharmaceutical industry. The participants will also discuss the impact of the pandemic on the development of the industry and the trends in the development of the pharmaceutical industry in the post-crisis period.Partners representatives of foreign businesses and guests of the Forum were presented with specific investment proposals aimed at the development of high-value and high-value products in local and regional markets.For information there are currently 221 pharmaceutical companies operating in Uzbekistan 140 pharmacies for the production of medicines 616 organizations for the wholesale of pharmaceutical products and 15790 pharmacies and pharmacies with branches. In 2021 local enterprises produced 3.8 trillion soums worth of pharmaceutical products and the volume of production increased by 20 compared to 2020.