DelhiDesk Bharat BioTech and Serum Institute of India are in talks with the Mexican government to manufacture vaccines, according to sources. This proposed deal would enable the two Indian pharmaceutical companies to expand their presence in Mexico and the Latin American market. Mexico has prioritized expanding its capacity to manufacture vaccines since the Covid-19 pandemic. Furthermore, the talks for cooperating on vaccines and biotechnology are in line with Mexico’s recent outreach to India on pharmaceuticals.
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👉 Bharat BioTech and Serum Institute of India are in talks with the Mexican government for manufacturing vaccines.
👉 The deal will allow the two Indian pharmaceutical companies to expand their presence in Mexico and the Latin American market.
👉 Mexico has made expanding its domestic capacity to manufacture vaccines a top national priority since the COVID-19 pandemic.
👉 Mexican foreign minister Marcelo Ebrard said during his visit to India in 2022 that his country could no longer depend solely on developed nations for the supply of crucial vaccines.
👉 The talks for cooperating on vaccines and biotechnology are in line with Mexico reaching out to India on pharmaceuticals in recent years.
👉 Indian firms may be motivated by the prospect of expanding their presence in Mexico as a means of increasing their footprint in the Latin American market.
👉 Latin American nations are making a determined push to attract more Indian pharmaceutical enterprises.
👉 Mexico has also established cooperation with other Indian companies for the transfer of technology for cancer treatment and vaccine development.
👉 Some Indian firms like Sun Pharma, Lupine and Dr. Reddy’s already have a presence in Mexico and the wider region.
👉 Panama is trying to develop a pharma hub and believes the Indian pharma sector is one of the most important allies of Panama in this.
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