India Pharma Outlook Team | Wednesday, 02 August 2023
Indian pharmaceutical businesses are eager to ship pharmaceuticals to Fiji in response to a government tender for drug supply in accordance with the Pharmaceutical Inspection Co-operation Scheme (PIC/S) standard. Fiji is a South Pacific country made up of more than 300 islands. According to the United Nations COMTRADE database on international commerce, India's pharmaceutical product export to Fiji in 2022 was USD 6.05 million.
The PIC/S is a non-binding, informal co-operative arrangement between Regulatory Authorities in the field of Good Manufacturing Practice (GMP) of medicinal products for human or veterinary use. It is open to any Authority having a comparable GMP inspection system. PIC/S presently comprises 54 Participating Authorities coming from all over the world (Europe, Africa, America, Asia and Australasia). PIC/S aims at harmonising inspection procedures worldwide by developing common standards in the field of GMP and by providing training opportunities to Inspectors. It also aims at facilitating co-operation and networking between competent authorities, regional and international organisations, thus increasing mutual confidence. “Interested member companies may take advantage of this opportunity and may directly contact the Fijian importer keeping our High Commission of India, Suva in loop on email id -com.suva@mea.gov.in,” as per a Pharmaceuticals Export Promotion Council of India (Pharmexcil) circular.
“Pharmexcil has been facilitating several trade enquiries in close coordination with missions abroad and promoting Indian pharmaceuticals worldwide. Pharmexcil is further in receipt of communication from High Commission of India, Suva, Fiji wherein a Fijian importer by the name Ray Pharmaceuticals has enquired about a medicine supply that would be called for tender in Fiji,” the circular further stated. In March 2011, Ray Pharmaceuticals was registered for the wholesaling of pharmaceuticals products. In March 2015 the business was converted to a limited liability company, Hyperchem Pharmacy Pte Limited T/A Ray Pharmaceuticals. Hyperchem Pharmacy Limited is a family owned company. The principal activity of the company is the importation, wholesale and retail of pharmaceutical, consumer and personal care products.