Ms. Rungphet Chitanuwat, Business Director-ASEAN, Informa Markets (Thailand), emphasizes the importance of this event and the opportunities the Thai pharma industry can explore in the world market. She says, "The pharmaceutical industry is one of the Thai government's New S-Curves which can add value to the country. The domestic pharma industry is now worth 180 billion baht, the second biggest in the ASEAN region and only second to Indonesia. At the post-pandemic time, every sector realizes the pharma industry is crucial. There is a need for production to meet demand and R&D for treatment. Therefore, CPHI South East Asia 2022 continues the success of its 2019 edition, the first time in Thailand. Over 200 leading enterprises covering the entire industry confirm to showcase ingredient innovations for pharma production. Besides, international experts will join a series of pharma seminars, highlighting their support for the Thai pharma industry to explore opportunities and address challenges the world is facing. Small and large businesses are guaranteed access to sources of ingredients to improve the Thai pharma industry, which is now relying on over 90% of imported active pharmaceutical ingredients or APIs.
Mr. Sayan Tanpanich, Vice Governor of Thailand Institute of Scientific and Technological Research (TISTR), discloses, "The pharma industry is one of those relying on scientific and technological research to fight off diseases. It is also a factor that improves people's health and quality of life. Hence, it is important to develop herbal and modern medicines and enhance pharma production to meet demand. At present, more than 150 pharma manufacturers in Thailand meet the highest standard of the global pharma industry, emphasizing the quality of Thai medicines in the world market. Moreover, The Thai pharma industry is like an important medicine bag in the ASEAN region. The country mainly exports pharmaceutical products to CLMV countries, including Cambodia, Laos, Myanmar, and Vietnam. With this status, Thailand plays a significant role in improving the quality of life among people in the region, enabling them to have access to quality medicines at affordable prices."
Ms. Lalana Setasuban, President of the Thai Pharmaceutical Manufacturers Association (TPMA), says, "To improve the standards of the pharmaceutical industry and enable the Thai pharmaceutical production to satisfy increasing demand, access to ingredients and innovative technologies is a key. Aside from R&D, access to sources of ingredients is an important stimulus for the rapid development of the domestic pharma industry. CPHI South East Asia 2022 offers a business matching platform that conforms to TPMA's missions. One of them is to encourage its members to exchange ideas on various issues related to the pharmaceutical industry. It is a great opportunity for people in the industry to have a venue to exchange knowledge for their business development."
Mr. Surachai Ruangsuksin, Chairman of the Pharmaceuticals Industry Club, The Federation of Thai Industries, says, "The Pharmaceuticals Industry Club is a lifeline that enhances the strength and productivity of the Thai industries. It equipped Thailand with competitive advantages for developing its economy and society. It also enables the country to negotiate for the sake of its industries. 'CPHI South East Asia 2022' acts as a coordinator to encourage the exchange of information and enhance business, trade, and investment development locally and internationally. Organizing this event is a significant opportunity to help strengthen the Thai private sector, resulting in the continued development of the industrial sector and the economy as a whole. It also helps the Thai pharmaceutical industry to explore countless opportunities in the world market."
He adds, "CPHI South East Asia 2022, therefore, is an important event in Thailand to attract much attention to the herbal and pharmaceutical industry. Not only does this exhibition support the business sector but also enhances the momentum and development in every aspect of the Thai pharmaceutical industry, paving the way for Thailand to become a global manufacturer of pharmaceutical products in the future."
CPhI South East Asia 2022, the ASEAN's Pharma Solutions Event, will be organized during 19-21 October 2022 at IMPACT Muang Thong Thani. The event aims to respond to the increasing demand and growth of the pharmaceutical industries in Thailand and the ASEAN region. The market growth and high potential of the population of 650 million also mean increased demand for pharmaceutical products. At the event, there are over 150 pharma exhibitors from 75 countries across the globe, together with five international pavilions, including Thailand, China,
India, South Korea, and Malaysia. The business matching system will facilitate exhibitors and visitors to meet and generate business revenue. Besides, there will be showcases of innovations in pharmaceutical production and a wide range of international seminars such as "The criteria, methods and conditions for requesting, issuing and renewing a certificate of drug production standard of manufacturing facility abroad through "electronic system". Interested visitors and register online at www.cphi.com/sea
Source: Informa? Markets
