logo
India's Wockhardt Group seeks strategic partnerships in Gulf

India's Wockhardt Group seeks strategic partnerships in Gulf

Zawya15-04-2025
Indian pharmaceutical and biotech major Wockhardt Group is seeking strategic partnerships with healthcare providers and governments in the Gulf regionn to further expand its international presence in manufacturing and research initiatives.
'Our strategy in the Gulf market is focused on leveraging our expertise in research-driven pharmaceuticals and healthcare solutions rather than directly competing in the crowded space of clinics and hospitals,' said Dr. Habil Khorakiwala, founder and chairman, Wockhardt Group.
He was in Dubai to participate in the Global Justice, Love & Peace summit, the world's largest peace conference, at Expo City Dubai organised by 'I-am Peacekeeper' Movement and Wockhardt Foundation and supported by Wockhardt Group.
The Group, India's sixth largest drugmaker by revenue, is a research-based, global healthcare enterprise with relevance in the fields of pharmaceuticals, biotechnology, Active Pharmaceutical Ingredients (APIs), and super specialty hospitals.
'While our hospital division currently operates in India, our pharmaceutical and biotech arm has already established a strong foothold in the Gulf region. The Group has built a $40 million manufacturing facility in the Jebel Ali Free Zone in Dubai to produce antimicrobial drugs for sale globally. We can leverage this facility to serve as a hub for producing advanced therapies for global markets, including the GCC,' he said.
Khorakiwala said the Jebel Ali facility is a cornerstone of the company's mission to address the world's most pressing health threats from the heart of the Middle East.
'By supplying innovative drugs that reduce hospital stays and combat resistant infections, we aim to contribute meaningfully to the region's healthcare capacity and resilience," he said.
The Group is strengthening its partnerships with pharmaceutical companies, particularly in the UAE, to deliver innovative therapies that address critical healthcare challenges in the field of novel antibiotics and diabetes biosimilars.
Healthcare industry outlook in the six-nation Gulf Cooperation Council (GCC) is extremely positive, projecting healthcare expenditure to reach $159 billion by 2029, needing 12,317 new hospital beds in the UAE alone, said a recent industry report. The projected growth in healthcare expenditure and infrastructure in the GCC, particularly the UAE, presents a tremendous opportunity to improve access to quality care.
'We view this as a call to action to support the region's healthcare ecosystem with our cutting-edge pharmaceutical solutions. While we are not directly involved in building hospital beds, our focus on developing breakthrough antibiotics and chronic disease treatments, like those for diabetes, positions us to alleviate the burden on healthcare systems,' he said.
Wockhardt Hospitals' global footprint includes the US, UK, Ireland, Switzerland, and France. In India, the Group operates six super specialty hospitals.
The chairman said the Group, at present, is not looking to operate hospitals in the Gulf.
'Expanding our hospital footprint here is something we evaluate continuously, but our immediate focus is on enhancing our pharmaceutical presence — delivering novel antibiotics and diabetes treatments tailored to the region's needs — while exploring collaborations with local healthcare providers to serve the diaspora and broader population effectively," he noted.
(Reporting by Bhaskar Raj; Editing by Anoop Menon)
(anoop.menon@lseg.com)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

♉ Taurus: Daily Horoscope for July 3rd, 2025
♉ Taurus: Daily Horoscope for July 3rd, 2025

UAE Moments

time9 hours ago

  • UAE Moments

♉ Taurus: Daily Horoscope for July 3rd, 2025

Today, Taurus, the universe invites you to embrace the beauty of simplicity. As you navigate through your day, remember that true strength lies in authenticity and patience. Love Horoscope Today, Taurus, your heart is a garden, ready to bloom. Embrace the simplicity of love and let it flourish naturally. Whether single or in a relationship, your loyalty and devotion shine brightly. Engage in heartfelt conversations and cherish the small gestures that strengthen bonds. If you're single, be open to unexpected connections that may arise. Remember, love is not a race; it's a journey. Enjoy the moments of tenderness and allow your sentimental nature to guide you towards deeper connections. Career Horoscope In the realm of work, Taurus, your determination and hard work are your greatest assets. Today, focus on practical tasks that require your attention to detail. Your ability to remain grounded and persistent will help you overcome any challenges that arise. Embrace collaboration and be open to new ideas, even if they seem unconventional. Remember, success is not just about reaching the destination but also enjoying the journey. Celebrate small victories and trust that your efforts will lead to meaningful accomplishments. Your dedication is your superpower. Health Horoscope Your well-being is a priority today, Taurus. Embrace the calmness and stability that your sign naturally gravitates towards. Take a moment to indulge in simple pleasures, like a leisurely walk in nature or a quiet moment with a good book. These small acts of self-care can rejuvenate your spirit and bring balance to your day. Remember, it's okay to be a little stubborn about your personal time. Protect it fiercely and let it be your sanctuary. Your endurance and authenticity will guide you to a place of inner peace. Finance Horoscope Practicality and determination are your allies today, Taurus, as you navigate the realm of finances. Your natural wisdom and cautious nature will help you make sound decisions. Focus on long-term stability rather than quick gains. Consider setting aside time to review your budget or explore new investment opportunities. Remember, financial security is built on a solid foundation. Trust in your ability to create a prosperous future, and don't be afraid to seek advice if needed. Your efforts today will pave the way for lasting abundance.

♑ Capricorn: Daily Horoscope for July 3rd, 2025
♑ Capricorn: Daily Horoscope for July 3rd, 2025

UAE Moments

time10 hours ago

  • UAE Moments

♑ Capricorn: Daily Horoscope for July 3rd, 2025

Capricorn, today the Universe invites you to focus on career advancement as new opportunities present themselves. Your determination and ambition are your guiding stars. Embrace these chances with an open heart and mind, allowing your pragmatic nature to lead the way. Love Horoscope Today, Capricorn, love asks for a touch of spontaneity. While your natural inclination is to plan every detail, consider letting go of the reins a bit. Surprise your partner with an impromptu date or a heartfelt gesture. If single, be open to unexpected encounters that could spark joy. Remember, love is not always about grand gestures but the small, meaningful moments that create a bond. Embrace the unpredictability of romance and allow yourself to be vulnerable. This openness could lead to delightful discoveries about yourself and your partner. Career Horoscope In the realm of work, Capricorn, today is a day of potential and progress. The stars align to bring forth opportunities that align with your career goals. Your disciplined approach and unwavering focus are your greatest assets. Consider taking on new responsibilities or projects that challenge your skills and expand your horizons. Collaboration with colleagues could lead to innovative solutions and success. Remember, every effort you make today is a step towards your long-term ambitions. Stay open to learning and adapting, as these are the keys to your professional growth. Health Horoscope Capricorn, today is a day to focus on your well-being by embracing the art of balance. While your ambition drives you to push boundaries, remember that rest is equally important. Consider integrating short breaks into your routine, perhaps a walk in nature or a few minutes of meditation to center your thoughts. These small pauses can rejuvenate your spirit and enhance your productivity. Remember, nurturing your inner peace is as crucial as achieving external success. By prioritizing your mental and emotional health, you set the foundation for sustained well-being. Finance Horoscope Financially, Capricorn, today is a day to exercise your natural prudence. While opportunities for investment or savings may arise, ensure you assess them with a discerning eye. Avoid impulsive decisions and seek advice if needed. Your foresight and organizational skills are your allies in maintaining financial stability. Consider setting aside a small amount for enjoyment, breaking away from your usual thriftiness. This balance between saving and spending can bring a sense of fulfillment and security. Trust in your ability to manage your resources wisely.

UAE and India explore avenues for enhancing economic and industrial collaboration during the upcoming stage
UAE and India explore avenues for enhancing economic and industrial collaboration during the upcoming stage

Al Etihad

time15 hours ago

  • Al Etihad

UAE and India explore avenues for enhancing economic and industrial collaboration during the upcoming stage

2 July 2025 18:53 ABU DHABI (ALETIHAD)Abdulla bin Touq Al Marri, Minister of Economy and Tourism, today held a high-level meeting with H. D. Kumaraswamy, Indian Minister of Steel and Heavy Industries, and his accompanying delegation at the Ministry of Economy headquarters in Dubai. The meeting focused on strengthening bilateral collaboration across key economic and industrial sectors, with a particular emphasis on the new economy, logistic transportation, advanced technology, manufacturing and food Touq underscored the deep-rooted and strategic partnership between the UAE and India, noting the shared commitment of the leadership to expanding cooperation in new economy sectors. 'The two nations enjoy a decades-long history of economic collaboration built on shared interests and a common vision for sustainable growth,' Bin Touq Touq further highlighted significant areas of alignment in both countries' development strategies, including the circular economy, advanced manufacturing, tourism, healthcare, entrepreneurship, innovation, and technology. Bin Touq said, 'Economic collaboration between the UAE and India continues to strengthen, with notable growth in business activities. In the first half of 2025 alone, 22,415 new Indian companies entered the UAE market, an increase of over 10 per cent compared to the same period in 2024. By the end of June 2025, the total number of Indian companies operating in the UAE reached 264,687. During the meeting, we discussed strategies to enhance communication between business communities of the two countries and to encourage the establishment of diverse ventures across vital economic sectors.'He noted that the UAE has an adaptable and competitive legislative and economic environment that stimulates industrial investments across the world. The manufacturing sector contributed 13.5 per cent to the UAE's non-oil GDP in 2024, ranking as the second on the list of economic activities contributing most to the non-oil GDP of the national economy. Additionally, the foreign direct investment (FDI) in this vital sector reached approximately Dh 40 billion (USD 10.9 billion) by the end of 2022, representing 7 per cent of the country's total FDI meeting also explored the key enablers and competitive advantages of the UAE's business environment for Indian companies, along with strategies to maximise these benefits. Among the highlighted strengths were the UAE's strategic location connecting East with West, its comprehensive economic partnerships, advanced infrastructure, diverse logistics services, and tax incentives that encourage the establishment of diverse economic and investment activities. Both sides emphasised the importance of enhancing collaboration between the public and private sectors to facilitate the exchange of expertise and best practices, aimed at adopting the latest technologies across sectors related to the new economy. This supports the building of a knowledge-based, technology-driven economy and fosters sustainable economic development.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store