Review A PUBLICATION OF THE EMBASSY OF INDIA, KABUL http://meakabul.nic.in VOLUME 3 ISSUE 8 AUGUST 2007

Excerpts from the statement of Head of Indian delegation ■ The Rome Conference offers a vital platform for Afghanistan and the international commu- nity to come together for con- solidating our efforts and com- mitting to a comprehensive, broad-based vision of rule of law reforms that will address Afghanistan’s needs in a holis- tic manner. Concrete decisions on these at this conference can, indeed, lead to an inte- grated, strategic plan for jus- tice that can produce improved INDIAINDIA OFFERSOFFERS COOPERATIONCOOPERATION ATAT ROMEROME coordination, efficiency and cost effectiveness in this sec- CONFERENCECONFERENCE ONON JUSTICEJUSTICE ANDAND RULERULE OFOF LAWLAW tor. President Karzai with heads of delegations at the Rome Conference. ■ India remains firmly commit- t the Conference on Programme, including short, management, IT, English profi- ted to the comprehensive jus- Justice and Rule of Law medium and long-term imple- ciency and intellectual property tice and rule of law reform in Afghanistan, held in mentation, to be funded in sig- rights. The objective was to process in Afghanistan. A well- A functioning professional justice Rome on July 2 and 3, the Indian nificant part through the enhance human capacity devel- sector, together with reforms in delegation was led by Shri Afghanistan Reconstruction opment in Afghanistan, which is all other sectors, indeed, has Prakash Jaiswal, Minister of State Trust Fund. vital for institution building in the potential to strengthen the (MOS) for Home Affairs and Although the conference was Afghanistan. In the past, India reconstruction effort and ush- included Rajiv Dogra, Indian not intended to be a pledging has also trained Afghan judges ering in the much needed long- Ambassador to Italy; Rakesh conference, donors took the and lawyers at the Indian Law term stability in Afghanistan. Sood, Indian Ambassador to opportunity to make new Institute. ■ India’s commitment to the Afghanistan; V.N. Gaur, Joint announcements adding an addi- MoS Jaiswal also announced reconstruction and develop- Secretary (Police), Ministry of tional amount of about $360 mil- that India would be willing to ment of Afghanistan remains Home Affairs; and Smita Pant, lion (some of which are multi- consider further training pro- unflinching. Our $750 million Under Secretary dealing with year pledges) to support short- grammes and technical assis- partnership today embraces a Afghanistan in the Ministry of term projects, and with commit- tance in the justice and legal sec- multi-dimensional co-opera- External Affairs in New Delhi. ment to consider further funds to tors in established Indian law tion programme being under- The conference, co-hosted implement the National Justice institutes, given India’s vast expe- taken in virtually all parts of jointly by Afghanistan, Italy and Programme. rience in this field and the com- Afghanistan covering almost the United Nations, reaffirmed Donor countries also commit- plementaries with Afghanistan’s all sectors including justice, the crucial importance of the ted themselves to a coordinated own conditions. In a joint India- education, health, telecommu- reform of justice sector and the approach at central level and Afghanistan-UNDP programme, nications, transport and civil implementation of the rule of law provincial level through the India was also proposing to aviation, agriculture and irriga- for the reconstruction of establishment of a Provincial depute experienced coaches and tion, industry, power genera- Afghanistan, while recognising Justice Coordination Mechanism. mentors in Afghan institutions tion and transmission, infor- that without justice and the rule In his speech at the confer- for capacity development in the mation and broadcasting, as of law no sustainable security, ence, Minister of State Shri justice sector. well as human resource devel- stabilisation, economic develop- Prakash Jaiswal, elaborated that, This would be in keeping with opment. Our diverse assistance ment and human rights could be to date, India had imparted train- President Karzai’s vision of pro- programme is in total align- achieved. ing programmes under Indian viding a multi-faceted regional ment with the Afghan priorities The conference delegates Council for Cultural Relations dimension to the reconstruction and implemented in close concurred that the rule of law (ICCR)’s scholarship scheme as work being undertaken in coordination with the Afghan reform and the coordinated well as the Indian Technical Afghanistan, which would have stake-holders, with focus on support by the international Economic Cooperation pro- greater situational complemen- local ownership. community will be implemented gramme in the field of justice taries, besides being more cost Continued on page 3 through a National Justice covering legal education, office effective. ! AFGHAN NEWS

INDIA MOURNS THE DEMISE INDIA MOURNS THE DEMISE Zahir Shah OF HIS MAJESTY ZAHIR SHAH (1915-2007) Minister of Water Resources Saifudin Soz (second from left) with President Karzai and other dignitaries at the funeral ceremony of Zahir Shah. he occasion was solemn. The atmos- of (Upper House of Indian declared one day mourning and ordered its phere was sombre. Representatives of Parliament) K. Rahman Khan and Joint national flag to be lowered to half mast on all T governments from all over the world, Secretary in the Ministry of External Affairs government buildings in Delhi and in all its senior officials of Government of Afghanistan TCA Raghavan. Conveying his condolences diplomatic missions abroad on July 24. and members of diplomatic corps of Kabul on behalf of people and government of India, His Majesty Zahir Shah strove continuous- stood in mourning and paid homage to the Minister Soz recalled the association of His ly for Afghanistan’s progress and to bring the departed soul at the Presidential Palace in Majesty Zahir Shah with India. He said country closer to rest of the world. It is to his Kabul. It was the funeral ceremony of His ‘’Baba-E-Millat worked for modernising of credit that the 1964 Constitution was brought Majesty Zahir Shah, who passed away in the Afghanistan and India has lost a dear friend in into effect and elections to parliament and at early hours of July 23, 2007 at the ripe age of his death. He worked for the peace and devel- lower levels were held. During his time, free- 92 years. opment of the region during his forty years dom of radio and print media took roots. His Majesty Zahir Shah had left his own tenure and India with the same spirit wants to With his modern and progressive disposition, mark in promoting the ties between the stand by Afghanistan and its reconstruction.” he did not hesitate to inject social reforms — Governments as well as people of India and In their special messages of condolences, education for women, an end to ‘purdah’ — Afghanistan and had close association with President A.P.J. Abdul Kalam, Prime Minister despite stiff opposition from conservative India. He was a friend of India who enjoyed a and External Affairs elements. He also channeled the foreign personal rapport and close contacts with Minister Pranab Mukherjee recalled the con- assistance to develop the country’s infra- Pandit Jawaharlal Nehru and Indira Gandhi. tribution of Zahir Shah to building better structure, realising its need for long term The Indira Gandhi Child Hospital in Kabul relations between India and Afghanistan. economic growth of the country. It was dur- was India’s gift to the Afghan people — President Kalam, in his message, said that the ing his reign, Afghans enjoyed a period of made at Zahir Shah’s request. His Majesty demise of His Majesty was an “end of era” peace and stability in recent history. Zahir Shah, defying his failing health, made and hoped that “his vision of friendship and Recognising his role and vision, the 2004 his presence felt, when he laid the foundation cooperation” will continue to guide the rela- Constitution bestowed him with the title of stone on August 29, 2005 in the presence of tions between India and Afghanistan. Prime “Baba-e-Millat-e-Afghanistan” (Father of the Prime Minister Manmohan Singh and Minister Singh sent his profound condo- Nation of Afghanistan), a true reflection of President Karzai for the new Parliament com- lences and called His Majesty Zahir Shah as his position in the history of Afghanistan and plex in Darul Aman, which is being built with “a great Afghan patriot, who always stood for a deserving tribute to his contribution. With the assistance of India. peace and modernisation of Afghanistan”. his demise, an era in the history of To reflect this special relationship and External Affairs Minister Mukherjee stated Afghanistan has come to an end, but his respect for His Majesty Zahir Shah, India sent that Baba-e-Millat will be always remem- dreams for modern and strong Afghanistan a high-powered team to attend the official bered by people of India with great fondness will continue to influence the ongoing efforts mourning ceremony in Kabul. Led by senior and respect. for rebuilding Afghanistan. His memories Cabinet Minister Saifuddin Soz, the high- In a special gesture reserved for select few will be cherished by many both in and out- powered team included the Deputy Chairman foreign dignitaries, Government of India side of Afghanistan. !

2 I N D I A R E V I E W A U G U S T 2 0 0 7 h t t p : / / m e a k a b u l . n i c . i n AFGHAN NEWS India signs MoUs on Small Development Projects n pursuance of the Agreement on US$ 20 million Small Development Projects I scheme signed during Indian Prime Minister Manmohan Singh’s visit to Afghanistan on August 28, 2005, the sec- ond batch of 11 memoranda of understanding (MoUs) for various projects was signed at the Ministry of Economy on July 1. The MoUs comprised the projects of con- struction of 38 schools in Badakshan, Paktia, Paktika, Khost, Kunar, Nangarhar, Nooristan and Nimroz provinces, construction of pro- tection wall in Chaknahor village of Lalpor district of Nangarhar, a girder bridge in Shirzad district of Nangarhar, and setting up of 71 water points in Marawarah district of Kunar. The total amount of these 11 projects is $ 4.7million. The MoUs were singed by Sandeep Kumar, Minister at the Indian Embassy, together with (From right): Prof Nazir Ahmad Shahidi, Deputy Minister (Professional), Ministry of Economy, Sandeep Prof. Nazir Ahmad Shahidi, Deputy Minister Kumar, Minister, Indian Embassy, and Mohammed Sadeeq Patman, Deputy Minister (Finance and (Professional), Ministry of Economy, Administration), Ministry of Education at the MoUs signing ceremony. Mohammed Sadeeq Patman, Deputy Afghan government in the various sectors development and strengthening the writ of Minister (Finance and Administration), and in alignment with the Afghan National the central government. It is expected that Ministry of Education and Eng. Raz Development Strategy. the small development projects will thereby Mohammad, Deputy Minister The scheme is part of India’s overall $750 contribute to greater peace, prosperity and (Administration and Finance), Ministry of million reconstruction programme for security in the region. Rural Rehabilitation and Development. Afghanistan. It relates to quick-impact, In a press conference that followed the This was the second batch of MoUs small-scale projects with less than $1 million, signing of the MoUs, Prof. Shahidi, Deputy signed. Earlier in phase I, 16 MoUs were having short gestation periods of six to nine Minister (Professional) from the Ministry of signed on April 2 for setting up of four months, identified at grass-roots levels in Economy, which has been designated as the demonstrative nurseries, seven basic health consultation with the local government and nodal Ministry from the Afghan side for clinics and 219 water points/bore wells cov- implemented by local contractors. The implementation of the MoU on Small ering the provinces of Nangarhar, Khost, objective is to create a sense of partnership Development Projects, appreciated India’s Nooristan, Kunar, Paktia, Badakhshan, and ownership in the local communities, par- assistance, which he said, was very timely and Nimroz, Paktika and Zabul. These were for ticularly in the vulnerable border districts in would contribute significantly to the overall $ 1.69m. All the projects have been finalised the south and southeastern provinces of reconstruction and development of in total accordance with the priorities of the Afghanistan, which would help in ushering in Afghanistan. !

Excerpts from the statement of Head of Indian delegation at the Rome Conference

Continued from page 1 Capacity for Afghan Public Service project ■ In the justice sector, India has under- that is being undertaken jointly with the taken important training programmes Afghan government and UNDP. under the Indian Technical Economic ■ India will also be willing to broaden its Cooperation programme in the field of engagement in the field of technical justice covering legal education, office police training, including the counter management, IT, English proficiency, and narcotics police, with focus on strength- intellectual property rights. Afghan stu- ening leverages between police and pros- dents have also been sent to law schools ecutors. The induction of a greater num- in India under our scholarship schemes. ber of women in the police sector within Enhancing human capacity development is the proposed police-judiciary co-opera- a key focus of our overall assistance pro- (From left to right) Minister of State Shri Prakash tion framework is another area of priority gramme, which we strongly believe can Jaiswal and Ambassador Rakesh Sood at the Rome for the Afghan government, and India will become a vanguard in institution building Conference. be willing to work towards affecting this in Afghanistan. coaches and mentors for capacity develop- as well, in coordination with the relevant ■ India will also be deputing experienced ment in the justice sector under the role players.

h t t p : / / m e a k a b u l . n i c . i n I N D I A R E V I E W A U G U S T 2 0 0 7 3 AFGHAN NEWS Senior Indian diplomat participates in ‘Mr. Kabul’ contest andeep Kumar, Minister at the Indian Embassy in Kabul, participated at the S ‘Mr. Kabul, 2007’ body-building competition held at the crammed-to-the nook Park Cinema in downtown Shahar-e- Nau in Kabul on July 05, 2007, as the sole foreigner. The competition was organised by the National Olympic Committee, with partici- pation of about 100 athletes in nine cate- gories of 50-100 kgs, representing various Kabul body-building gyms. Body-building, together with wrestling and karate, is one of the top sports in Afghanistan. Most city gyms are packed at all times of the day with ardent fans of the sport pumping iron vigorously. The infrastructure is basic, but this does not in any way impinge on the determination and commitment of the gym users. Some of the weights are carved out from discarded military vehicle tyres or canister cans. Sometimes there is no electricity, and Sandeep Kumar in preparation for the competition. the gyming sessions are conducted by candle light. But the show must go on. participation in the competition to the desire international media. In his view, the quality At this year’s competition, Wahid-ul-lah, of expressing his solidarity with the Afghan of competition was top-class, at par with any 28, a huge hunk with rippled torso, was body-builders. He maintained that events such event in the developed world like the declared Mr. Kabul 2007. He said that it was such as these had the great potential of send- U.S., Europe, Canada and Australia. He a great honour for him to be awarded the top ing out very positive and encouraging signals expressed his highest respect for the profes- award. But at the same time, he also to the people both within and outside sionalism, fitness regime, diet control as well expressed some criticism that the govern- Afghanistan that despite the security para- as the grit and determination of the partici- ment was not paying enough attention to the digm, there are a lot of positive develop- pants to be able to come up with such exalt- sports sector in the country and that the ments in this country like body-building ed standards. body-building department within the competitions, art exhibitions and music fes- When asked what has been the most mem- National Olympic Committee was starved of tivals. These constitute the other layer of orable part of his stay in Afghanistan, he funds. reality in Afghanistan, that portray that said: “I will cherish the personal memories of Another contestant, Khwaja Farid Sidiqui, Afghanistan has taken off, that it is business participation in competitions like these with was crowned as the sports master of the year as usual in many sectors, and that there is friends who allowed me to share their lives and was awarded one thousand dollars and cause for optimism and confidence in the with them, who opened up their hearts and some sports equipment in prize. tremendous work being undertaken in the homes to me. It is this love and friendship of Kumar from the Indian Embassy, who him- country. Such events need to be applauded the Afghan people that has been my vital self came third in his category, attributed his but sadly go unexposed in the national and sustaining force.” ! Preview of painting exhibition at Indian Culture Centre in Kabul he newly opened Indian Culture The paintings are abstract, drawing upon Moved by the plight of orphans and street Centre at the Indian Embassy in Kabul natural objects like mountains, rivers, trees children of Kabul during an earlier visit, T buzzed with activity on July 17. The and oceans, and often spaced out with tiny Gangopadhyay donated 25 percent of the occasion was the preview of the painting birds and animals. sale of her paintings to Aschiana, a NGO exhibition of a well-known Indian painter and The vibrancy of the work is embodied in working for children. art critic, Sumati Gangopadhyay. the profuse use of reds, oranges and blacks She also conducted art workshops for chil- Gangopadhyay’s collective work entitled that float on acrylics in perfect harmony and dren, sponsored by the United Nations ‘Songs of a Mountain Country’ predominant- yet bode a sense of disquiet, reflective of the International Children’s Fund (UNICEF), the ly touches upon the Afghan landscapes, sen- concern for the environment. product of which will be entered in an inter- suously approached, and dexterously inter- The main exhibition opened at the Park national children’s art competition, ‘Smiling twined with the themes of climate change, Residency Gallery on July 18 and ran suc- Faces’, to be held in South Korea later this inundation of forested areas and pollution. cessfully for 10 days. month. Continued on page 5

4 I N D I A R E V I E W A U G U S T 2 0 0 7 h t t p : / / m e a k a b u l . n i c . i n AFGHAN NEWS

Preview of painting exhibition at Indian Culture Centre in Kabul Continued from page 4 Indian Embassy initiative. Afghan Deputy Separately, at the invitation of the Faculty Culture Minister, Omar S. Sultan, in his of Fine Arts of the Kabul University, she par- address, noted the vibrancy of the bilateral ticipated in a seminar on the contemporary cultural activities, remarking that the pres- art scene in Baroda, an important art centre ent event was yet another step forward in in India (and from where the artist hails), exposing the local artists in Afghanistan to with demonstration of her unique technique the diversity of art movements prevalent of reverse painting on glass and acrylic outside the country, which would contribute sheet. to their empowerment. Gangopadhyay has held a large number of As the evening drew on and the guests exhibitions throughout India, both in solo appreciated the colourful paintings and par- and group shows. She is also a visiting art took of the Indian snacks at the Indian scholar at a number of art institutions. She Culture Centre, Gangopadhyay expressed says that she still harbours her early fascina- her sense of satisfaction at the response tion for Chagall. Evidently, her paintings received from people present, representing reflect the same passion for colours as he a large cross-section of society covering had. government officials, members of parlia- The Indian Embassy hopes that the new ment, diplomats, business community, Ambassador Sood addressing the gathering at the culture centre will become a vibrant hub for opening of the exhibition. On the left is Catherine artists, media and Indian community mem- all communities with diverse cultural back- Mbengue, Representative, UNICEF Afghanistan and on bers. In an on-the-spot interview with Voice ground to come together in a mutual spirit the right is Sumati Gangopadhyay, painter. of America, her spontaneity oozed out, “My of bonding through various cultural activi- countries, to create understanding and to paintings give a sense of fulfilment to my ties. forge familiarisation with the socio-cultural inner spaces, make me complete as a per- This is in furtherance of its firm belief that customs, values and way of life. son. The Indian Culture Centre setting today culture has the enormous power to build The gathering at the Indian Embassy on was perfect in affecting the inner and outer bridges between the people of the different July 17 was effusive in its praise for the harmony beautifully.” „ Education experts from India visit Afghanistan n Indian education team visited Kabul tion members also considered technical ICCR long-term scholarships for under- from July 17 to 22, 2007, as a follow- resource support for teacher training col- graduate and postgraduate courses in uni- A up to the Agreed Minutes on the Joint leges in Afghanistan involving teacher educa- versities throughout India; reconstruction Working Group meeting on the bilateral tion curriculum, methodologies and training of the Habibia High School in Kabul; train- Memorandum of Understanding on modules. ing of teachers; gifting of 30,000 desk- Education. The team had intensive interactions with cum-benches for schools in Nangarhar The team from the National Council for counterpart nodal points in the areas of their provinces; deputation of English language Educational Research & Training (NCERT), specialization. teachers; provision of Sanskrit faculty at the New Delhi, was represented by Anil Sethi, Site visits to some vocational training insti- Kabul University; proposed twinning Reader, Department of Education in Art & tutes and teachers training colleges were also arrangements between higher education Aesthetics (New Delhi), Sunil Kumar, arranged, which provided valuable first-hand universities and institutions between the Reader, Department of Education in Art and knowledge on the functioning of these insti- two countries; collaboration in national Aesthetics, Asfa Yasin, Reader, Pandit tutions and the constraints experienced by adult literacy programme; as well as the Sunderlala Sharma, Central Institute of them. constructions of schools in various Vocational Education, Bhopal, I.B. Chugtai, Based on the discussions and site visits, a provinces under the Small Development Reader, Regional Institute of Education, plan of action for future co-operation was Projects Scheme. Ajmer and N.K. Gupta, Reader, Department formulated, to cover the critical areas of cur- India remains totally committed to the of Educational Research and Policy riculum development, teachers training, revival of the crippled education sector in Perspectives, New Delhi. The objective was vocational as well as distance education. Afghanistan, which is strategic to the socio- to provide technical assistance to the The visit was part of the on-going assis- economic development of any country. Ministry of Education for curriculum devel- tance programme of the Indian Government With the formulation of the action plan for opment in all subjects, including co-curricu- for the restructuring of the education sector future co-operation, Afghanistan will, no lar areas of visual and performing arts as well in Afghanistan. doubt, be witnessing visits by many more as for teacher education and training for pri- India’s major projects in the education education delegations from India in the com- mary and secondary education. The delega- field have been the annual award of 500 ing future. „ h t t p : / / m e a k a b u l . n i c . i n I N D I A R E V I E W A U G U S T 2 0 0 7 5 TRENDS

he past few months have been action- packed for the Indian pharmaceutical T industry, as leading domestic players have gone about making stunning acquisi- tions around the globe, even as international giants have made impressive investments in the country. Ranbaxy Laboratories, the country’s largest drug-maker, which made eight major acqui- sitions in 2006 — including Romania’s Terapia for $324 million, Spain’s Mundogen, Italy’s Allen SpA, and South Africa’s BeTabs — is now eyeing the generics business of German giant Merck KGaA. A few other leading Indian drug-makers, TheThe IndianIndian pharmapharma scenescene including Cipla and possibly Dr. Reddy’s Laboratories (DRL), are also interested in acquiring Merck’s generics business, which has been valued at around $5 billion. CURE FOR SURE Incidentally, Ranbaxy aims to be a $5 billion CURE FOR SURE company in another five years. contract manufacturer, also acquired another negotiated around the globe by domestic The pharmaceutical sector was among the Pfizer plant recently. companies? There are many reasons for these toppers in the M&A (mergers and acquisi- The facility, which produces both API and developments, which will ultimately help tions) league in India in 2006, with over $2.2 finished drugs, is based in Uppsala in boost the prospects for the Indian pharma- billion worth of inbound and outbound deals Sweden, and has been approved by several ceuticals — and increasingly, also the under its belt. The biggest was the acquisi- regulatory authorities, including those in the biotechnology — sector. tion by U.S.-based generic drug-maker U.S., Europe and Japan. The most important is the emergence of Mylan Labs of a 71.5 percent stake in The acquisition of European firms is part India as a low-cost, high-quality option for Hyderabad-based Matrix Laboratories for a of the strategy adopted by the Indian phar- outsourcing of research, manufacturing and whopping $736 million. maceutical sector to expand its custom man- other services, which is bringing about dra- Among Indian acquisitions, the biggest ufacturing business, ranging from APIs and matic changes in the global pharmaceuticals was by Dr. Reddy’s, which paid $570 million intermediate development and manufactur- business. for an all-cash acquisition of Germany’s ing into final dosage forms. According to Other factors include the global slowdown fourth largest generics firm, Betapharm. Frost & Sullivan, contract manufacturing and in the sale of patented drugs, the growing According to Anji Reddy, chairman of the research services in the global pharmaceuti- opportunities for generic drug-makers, the Hyderabad-based group, the acquisition was cal sector is expected to balloon to $168 bil- absence of new billion-dollar blockbuster part of its “strategic initiative towards lion in just about two years. In the past, drugs internationally. becoming a mid-sized global pharmaceutical American and European companies dominat- Industry observers note that India’s phar- company with a strong presence in all key ed the global pharmaceutical contract manu- maceutical industry is at the crossroads, and pharmaceutical markets”. facturing sector, but Indian and Chinese the country could become the preferred The Betapharm deal was on the back of a companies are now aggressively expanding global supplier for bulk drugs and dosage $59-million acquisition of the Mexican API into this segment. forms, and a hub for contract research and business of Swiss giant Roche. The move was Frost & Sullivan estimates that India and manufacturing (CRAM), contract research part of DRL’s strategy to strengthen its posi- China could potentially account for nearly 40 organisations (CRO) and R&D activities. tion in the custom pharmaceutical services percent of the outsourced market for APIs, The country is among the top-five manu- (CPS) business. International pharmaceutical finished dosage formulations and intermedi- facturers of bulk drugs and ranks among the firms are increasingly outsourcing both R&D ates. Most of the Indian pharmaceutical com- top 20 pharmaceutical exporters in the services and CPS. panies that are making aggressive forays world. The Indian pharmaceutical industry Mumbai-based Nicholas Piramal India Ltd abroad hope to see more than half their total ranks fourth globally in terms of volume, and (NPIL) also acquired three firms in the U.K., revenues originate from overseas sales. NPIL, 13th in value terms. including a unit of Pfizer, the world’s largest for instance, saw an over 200 percent jump in India also has a vast pool of talented pro- drug-maker. It also bought a company in global sales for the quarter ended December fessionals — every year, nearly 125,000 Canada, and is now planning acquisitions in 31, 2006, and international sales account for chemical engineering graduates and the U.S., ranging from $20 million to $200 over 45 percent of its overall revenues. chemists pass out of its universities. There million. According to Ajay Piramal, chair- But it is not just the large Indian drug- are about half a million pharmaceutical sci- man, NPIL, this is part of a strategy where it makers who are eyeing overseas acquisitions. entists and pharmacists, working in the man- plans to use its European and North Even medium-sized firms and smaller ones ufacturing, R&D, hospitals and retailing sec- American assets to manufacture niche high- are hunting around the globe for such deals. tors. The industry is growing at a compound value drugs, while keeping lower cost manu- What are the factors triggering off the flur- annual growth rate (CAGR) of 13.6 percent, facturing in India. ry of activities in the Indian pharmaceutical and revenues are projected to touch $12 bil- Kemwell, a -based formulations sector, and the spate of deals that have been lion by 2010. !

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