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India keen to cater to Peru healthcare market

Xinhua, August 20, 2016 Adjust font size:

India is looking to Peru's healthcare market with a business delegation set to explore the country's pharmaceutical and medical needs, a top Indian diplomat said on Friday.

Sandeep Chakravorty, India's ambassador to Peru, said a delegation of 20 pharmaceutical companies will visit Peru to take part in a business forum with their Peruvian counterparts as part of Iphex-Latam 2016, from Aug. 22 to 23.

Peru imports about 800 million U.S. dollars worth of medications yearly, presenting an attractive market for pharmaceutical giants such as India, which merely sells 37 million U.S. dollars worth of medicine to Peru annually.

According to Chakravorty, India has also developed treatments for cancer, AIDS and heart-related ailments at more cost-effective prices than other countries.

Heart bypass surgery, for example, can cost about 10,000 dollars in India, while in Peru it can cost some 100,000 dollars, he said.

India is also willing to cooperate with the Peruvian government to expand healthcare services to the South American country's remote and marginalized regions, he said. Endi