Vriddhi 2024, IDMA’s Annual Conference held in FLAME University

FLAME University hosted the annual conference of the Indian Drugs Manufacturers’ Association (IDMA) – vriddhi 2024, in association with Bain & Company on February 23-24. Held on its campus in Pune, the two-day conference welcomed over 40 business leaders, 50 organisations, investors, and policymakers, convening for a national summit. The agenda of this event was to examine and assess the opportunities, challenges, and strategic directions of the Indian pharma industry.

Vriddhi 2024 established dialogue to expand into new markets through innovation while maintaining a commitment to transforming the sector. The conference emphasised the importance of maintaining a competitive edge and focusing on long-term goals to create value for all stakeholders involved. Noteworthy discussions centered on creating a platform for industry think tanks and academia to formulate a forward-looking plan, leading to socio-economic growth and development.

The conference boasted a lineup of distinguished speakers and panelists, including Dr VK Paul, Member of Niti Ayog; Dilip Shanghvi, Founder & MD of Sun Pharmaceuticals; MV Ramana, CEO of Branded Markets (India and Emerging Markets) at Dr. Reddy’s; Dr Sarah McMullen, Country Director for FDA India; Parijat Ghosh, Managing Partner of Bain & Company; Vallabh Bhanshali, Co-founder and Chairman of ENAM Group, and Member of the Governing Body at FLAME University, among others.

FLAME University, as the host, aimed to catalyse India’s growth trajectory. The university remains steadfast in its vision to foster meaningful partnerships between academia and industry, aimed at yielding favorable outcomes with a significant impact on the country’s growth trajectory.

Vallabh Bhanshali, Co-founder and Chairman of ENAM Group, and Member of the Governing Body at FLAME University underscored this vision, stating, “We are delighted to host the IDMA event at FLAME University, which reflects our vision of being a meeting point for various streams to help India achieve its ‘tryst with destiny’. Our infrastructure is designed to foster a congeniality in which new thoughts, the comfort of discussion, and openness can be actualised. We are glad that our campus is gaining recognition and popularity for various conventions and seminars. We believe that if our country has to become a greater country, we need to come together, open up, exchange ideas, and create new ideas. And that’s what our university is all about. It’s very integrated into the whole concept of FLAME University, and the infrastructure is not just infrastructure but a tool in our strategy.”

Dilip Shanghavi, Founder & MD, Sun Pharmaceuticals, lauded FLAME University for hosting the conference, and said, “I am delighted to have participated in the IDMA’s Vriddhi Summit 2024, which was held at the FLAME University campus. This event was a great platform for entrepreneurs, industry experts, and academics to exchange ideas and insights on the opportunities and challenges of the pharmaceutical industry in India. I was impressed by the quality of the speakers, the diversity of the topics, and the relevance of the discussions to the real-life problems faced. I commend FLAME University for hosting this event and providing a conducive environment for learning and networking. FLAME University is a pioneer of interdisciplinary education in India, and I could see the reflection of its vision and values in the infrastructure and facilities of the campus. I believe such events are essential for fostering a culture of innovation and entrepreneurship in the country, and I look forward to more such events at FLAME University in the future.”

By hosting the IDMA’s vriddhi 2024 conference, FLAME University has established itself as a leader in facilitating crucial conversations and collaborations between policy makers, industry and academia. The event showcased the university’s commitment to transforming the industry’s future through innovation, collaboration, and an emphasis on continued value creation.