Algiers, Algeria – Algeria and India are deepening their collaboration in the pharmaceutical sector, signaling a significant step towards enhanced economic cooperation. A recent Algerian-Indian Business Forum, organized by the Ministry of Pharmaceutical Industry in partnership with the Indian Embassy in Algeria, brought together key economic players from both nations.
The forum, held on January 15, 2025, saw the participation of 65 Indian and 80 Algerian economic operators active in the fields of pharmaceutical manufacturing and medical supplies. The primary objective was to foster closer ties between economic actors and explore opportunities for industrial partnerships and joint investments.
Speaking on behalf of the Minister of Pharmaceutical Industry, Wassim Kouidri, his advisor, Younes Bouarara, emphasized the significance of the forum as the first of its kind, reflecting the shared commitment of both countries’ leadership to strengthen cooperation. He highlighted the importance of building effective partnerships between Algerian and Indian operators.
The Minister noted India’s prominent global position in the pharmaceutical industry, earning it the title of ‘Pharmacy of the World.’ He also pointed to the rapid development of the Algerian pharmaceutical industry, positioning it as a regional hub for drug production and export. Algeria places particular emphasis on leveraging Indian expertise, especially in the manufacturing of raw materials and active pharmaceutical ingredients, which has been identified as a strategic national objective to bolster pharmaceutical sovereignty, secure supply chains, and increase local added value.
‘Technology transfer is a fundamental pillar for building sustainable industrial partnerships,’ Bouarara stated.
The Ministry reiterated its support for all initiatives aimed at expanding cooperation with India, particularly in technology transfer and the development of national skills. The Algerian market remains open to investment and offers promising opportunities in the pharmaceutical industry.
On the sidelines of the forum, bilateral business meetings were held between Algerian and Indian operators to explore partnership and cooperation opportunities in the production of medicines and medical supplies, further promoting industrial integration.
