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Sudan Seeks More Indian Investment in Pharma, Healthcare Amid Reconstruction
๐Ÿ‡ด๐Ÿ‡ฒ Oman /Economy & Trade

Sudan Seeks More Indian Investment in Pharma, Healthcare Amid Reconstruction

From Times of Oman · () English

Translated from English, summarized and contextualized by DistantNews.

At a glance

News Named sources Context piece
  • Sudan is seeking increased Indian investment in its pharmaceutical and healthcare sectors as it rebuilds after civil war.
  • Indian medicines already constitute over 51% of Sudan's pharmaceutical imports.
  • A roundtable discussion highlighted the strategic importance of these sectors for bilateral economic cooperation and Sudan's reconstruction needs.

Sudan is actively pursuing deeper business ties with India, particularly in the pharmaceutical and healthcare sectors, as the nation undertakes reconstruction efforts following its civil war. Indian medicines currently hold a significant share, accounting for more than half of Sudan's total pharmaceutical imports.

Today, we hosted this very important and timely roundtable, which was co-organised by the Embassy of Sudan and the Arab-India and Arab Countries Chamber of Commerce, Industry and Agriculture. This roundtable brought together some of the leading Indian pharmaceutical companies.

โ€” Mohammed Abdalla Ali EltomThe Sudanese Ambassador to India described the purpose and participants of the business opportunities roundtable.

Mohammed Abdalla Ali Eltom, Sudan's Ambassador to India, highlighted this during a recent roundtable on business opportunities in Sudan's pharmaceutical and healthcare sector. The event, jointly organized by the Embassy of Sudan and the India & Arab Countries Chamber of Commerce, Industry & Agriculture (IACCIA), brought together leading Indian pharmaceutical companies and Sudanese regulators and private sector representatives, some participating virtually.

Indian medicines contribute significantly to the pharmaceutical market in Sudan. They constitute more than 51 per cent of the total imports of medicines to Sudan.

โ€” Mohammed Abdalla Ali EltomThe Ambassador highlighted the strong existing presence of Indian pharmaceuticals in Sudan.

Ambassador Eltom emphasized the strategic importance of the pharmaceutical and healthcare sectors for bilateral economic cooperation. He noted that discussions confirmed the vital role these sectors play in the relationship between Sudan and India, with Indian medicines making up over 51 percent of Sudan's medicine imports. This strong existing presence underscores the potential for further collaboration and investment.

Sudan is recovering from a civil war at home, and they are now looking for Indian investors in many sectors.

โ€” Waiel AwwadThe Secretary General (In-charge) of IACCIA explained Sudan's current economic focus.

Waiel Awwad, Secretary General (In-charge) of IACCIA, stated that Sudan is actively seeking Indian investment across various sectors as it recovers from the conflict. He explained that the chamber focused on pharmaceuticals and healthcare due to the country's immediate and critical needs arising from the war's impact and devastation. The roundtable aimed to explore avenues for enhanced cooperation in medicines, healthcare services, and related investments between the two nations.

We thought that the pharmaceutical and healthcare sectors are of prime importance for Sudan, especially considering the impact of the war and the devastation that has taken place there.

โ€” Waiel AwwadAwwad elaborated on the rationale for focusing on these specific sectors for investment.
DistantNews Editorial

Originally published by Times of Oman in English. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.