BioVoice News December 2017-January 2018 Issue 7 Volume 2 | Page 42

bio chat ::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::: allied sector to the pharma and biopharma sector. What are the latest trends in this industry? Currently, India has only 2.8 percent share in the global biopharmaceutical market and the new mission by the Government of India would elevate this to 5% resulting in an additional business opportunity of 16 Billion USD biopharma in India by accelerating the translation of research concepts into viable products, supporting clinical validation, enabling sustainable networks for collaboration between industry and academia, 42 BioVoiceNews | Dec 2017 - Jan 2018 and supporting entrepreneurial ecosystem amongst many others. The pharmaceutical packaging industry has been an important Packaging is one market across the globe which is advancing at a constant pace in the pharmaceutical industry and is a critical part of delivery system in the sector that needs to be reliable and speedy and deliver a combination of quality, tamper evidence, patient comfort and protection. According to the industry forecasts, the global market is growing rapidly and is expected to reach $158.8 billion by 2025. UBM India is playing a