Council for Healthcare and Pharma (CHP) at the New Jersey India Roundtable organised by USIBC & FICC | 19 September, 2019

A high-powered commercial delegation from New Jersey, USA led by Governor Philip D. Murphy, former US Ambassador to Germany and a long-standing senior with global investment bank Goldman Sachs, is presently on a week-long visit to India, making a strong push for investments to their home State.

At the kick-off ‘New Jersey- India roundtable’ organised by the US India Business Council and FICCI, in New Delhi, on Monday 16th Sept 2019, the Governor made a strong pitch to Indian investors and companies particularly in IT, Pharmaceuticals and biotechnical industries, inviting them to invest in the State. The Council for Healthcare and Pharma (CHP) was a participant, this being a priority sector.

New Jersey with a population of over 420,000 Indians is familiar ground to Indian pharmaceutical majors like Aurobindo Pharma, CIPLA, Lupin & Sun Pharma, all of whom have sizable long-standing investments in the State. Twelve of the top twenty pharma companies and eleven of the top twenty medical device manufacturers also have operations in New Jersey.

Besides, New Jersey has a vast pool of Indians having a strong educational background with innovation deeply embedded in their DNA and access to top quality universities and five medical schools. The State ranks second in Biosciences. Fifty percent of all FDA approvals come from Companies with a New Jersey footprint. Thus, the focus on creating a strong health ecosystem with preference to Technology, Pharmaceuticals and Start-ups remains a priority.

Among the key speakers and important dignitaries present were Ms. Kiran Mazumdar Shaw, Chairperson & MD, Biocon Ltd; Senators Vin Gopal and Sam Thompson both, strong advocates for health; Tim Sullivan, President & CEO, New Jersey Economic Development Authority; Robert Garverick, Minister Counsellor for Economic Affairs, Environment, Science & Technology, US Embassy; Ms Ambika Sharma, MD, USIBC India, Vishnu Dusad, Senior Committee Member, FICCI; Dr Gurpreet Sandhu, President, Council For Healthcare and Pharma (CHP) & Founder of Reva Pharma.

Honorable Philip D. Murphy, Governor – State of New Jersey & Dr Gurpreet Sandhu, President – Council for Healthcare and Pharma (CHP) & Founder - Reva Pharma at the New Jersey – India Inaugural Business Roundtable, New Delhi, India