MUMBAI — The Dubai Biotechnology and Research Park, or DuBiotech, is joining hands with the Indian Drug Manufacturers Association, or Idma, to enable the smooth facilitation for Indian companies wanting to set up operations in the park.
Marwan Abdulaziz Janahi, executive director of Tecom Investments’ Science Cluster — which comprises DuBiotech, the life sciences park, and Enpark, the eco-friendly free zone that seeks to provide an enabling platform for sustainable business operations in the Middle East — was to sign a memorandum of understanding with Idma president Dr Manish Doshi here on Friday.
The MoU would help Indian companies wanting to expand to the Middle East, Africa and Europe by setting up operations at DuBiotech.
DuBiotech offers a slew of benefits to investors, including 100 per cent foreign ownership, 100 per cent repatriation of profits, tax-free operations, a single-window for government services, long-term lease, special custom exampetions and fast-track visa services.
Many Indian pharmaceutical firms have taken advantage of the opportunities offered by DuBiotech and have set up their research and development operations. They include Wockhardt, Lupin, MSD Pharmaceuticals and NeoBiocon, a joint venture between UAE-based Neopharma and India’s Biocon.
The park offers several benefits to Indian pharma players, including an innovative academic and commercial infrastructure.
The Nucleotide Complex, DuBiotech’s laboratory building, enables companies to conduct research and analysis, without having to set up their own dedicated facilities.
DuBiotech is currently home to more than 85 life sciences companies, including leading firms such as Pfizer, Genzyme, Merck-Serono, Amgen, Maquet, National Reference Lab and Firmenich, among others.
Many Indian pharmaceutical companies are aggressively expanding their global footprint, diversifying into markets including the Middle East, Africa and central Asia, aside from the United States and Latin America.
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