Peru seeks production of generic medicines by Indian companies in the country

Vice President of India, Mr Venkaiah Naidu held extensive talks with Peruvian leadership where they resolved to improve trade relations to tap full potential besides signing MoU for cooperation in the renewable energy sector


New Delhi: Vice President of India, M.Venkaiah Naidu held extensive talks with President, Prime Minister and senior Ministers of Peru in Lima on a range of issues indicating specific areas for enhanced engagement. He spoke at length about India’s strength in supply of quality and cost effective generic medicines, information technology, defence equipment, science & technology etc.

During the delegation level talks held on 13th May, the Peruvian Prime Minister, Mr Cesar Villanueva Bardales, leading a delegation of four ministers and senior official noted that India is acknowledged as a leader in pharma sector and Peru could take benefit of the same. Health Minister of Peru, Ms Silvia Pessah Eljay suggested that Indian Government may do needful to enable Indian Pharma companies set up generic medicines production facilities in Peru. Peruvian side agreed to consider suggestion of Mr Naidu for hassle-free registration of Indian pharma companies for supply of medicines.

The top leadership of Peru has acknowledged that their country has a lot to learn and benefit from the success story of India and resolved with India to significantly enhance trade relations as the two countries celebrated 55 years of diplomatic ties in Lima on May 11, 2018.

Minister of Foreign Trade and Tourism of Peru, Mr Rogers Valencia Espinoza, while speaking of the potential of bilateral trade between the two countries said Peru was keen about concluding a Comprehensive Free Trade Agreement with India. He mentioned that two rounds of discussions were already in this regard and the third round is to be held in Delhi in August this year. He stressed on the need to conclude this agreement at the earliest for mutual benefit.

Earlier, during his talks with the President of Peru, Vice President Mr Naidu said that 55 years of diplomatic ties between the two countries is an important landmark and it was time to assess the achievements so far to chart out a clear course of action to realize the full potential.

Peruvian President said his country is closely watching India’s progress in different sectors including its transition from an agrarian economy to being an IT leader with strong capacities in Science & Technology, space sector etc. He informed Mr Naidu that concerned ministers were asked by him to make time bond action plans for progressing on identified areas of cooperation.

Sharing Mr Naidu’s concern about terrorism, President of Peru noted that while terrorists come out with new strategies, the global community to act together to counter terrorism in all it’s different forms and shapes.

After the delegation level talks, India and Peru signed an agreement on cooperation in new and renewable energy. Peru is a founder member of the International Solar Alliance, established with India taking the initiative.