The Changing Geography of Ideas Resurgence of India Innovation Inc. Praful Naik, Ph.D. Chief Scientific Officer Bilcare Limited
Busting myths about Indian Innovation India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 2
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 3 Myth #1 Look west for ideas
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 4 China US 29 33.3 3 rd HOTSPOT FOR INNOVATION WORLD INVESTMENT REPORT (2005) India UK 13 24.6 100 leading Global MNC have R&D hubs in India Germany Japan 13 11.6 Growth of corporate R&D 17% (North America -5.2%, Europe 2.3%) France Brazil 5.8 7.2 (Source: Booz Allen Hamilton 2007) Canada 4.3 Netherland Russia Sw eeden 2.9 2.9 2.9 WHERE IS RESEARCH HEADED? % Responses Base : 68 Largest MNC spenders on R&D Taiw an 2.9 0 5 10 15 20 25 30 35 Source: UNCTAD (2007)
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 5 Myth #2 Copycats of US/Europe
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 6 0.5 0.45 0.4 0.35 0.3 0.25 0.2 0.15 0.44 0.43 0.39 ANNUAL GROWTH RATE OF PATENTING PCT Filings 1997-2004 0.31 0.3 0.25 0.24 0.2 0.17 India China 341 424 US Patents Granted (2003) 1993 2003 54 1164 US Patent Applications 2004 2006 Source: US Patent Trademark Office 17266 23000 Indian Patent Applications 1999 2003 12500 15600 ISI Thomson Scientific Papers Source: Indian patent facilitation center 0.1 0.05 No Top 5 Patent Cooperation Treaty Applicants from Developing Countries(2002) 0 China India Turkey Slovenia Korea Total Patenting Growth rate Medium Low & Low-Tech Poland Chinese Taipei Singapore Czech Republic High&Medium High-Tech, Source OECD 184 184 136 125 84 CSIR (India) Samsung (Korea) Biowindow Gene Development ( China) LG( Korea) Huawei Technologies (China) Source: World Intellectual Properties Organization (2006)
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 7 TATA NANO TATA NANO FIRST of its kind car in the world 34 new patents The peoples car@$2500 Gandhian engineering No radio, power-steering, AC, one wiper Reengineered car for cost reduction Confirms to environmental standards (Euro 4 Emission Standards) Meets Front and Side Impact crash ratings Made four wheeler accessible to millions of people worldwide
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 8 Myth #3 Agricultural not Technological focus
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 9 INTEL INDIA CO DEVELOPED TERAFLOP CHIP Powerful programmable processor Can be used for diverse research applications for scientific experiments, oil exploration number crunching Involved in logic, circuit and physical design Developed in a record 20 months MICROSOFT RADIO FREQUENCY IDENTIFICATION MICROCHIP Product security and identification Adopted by Wal-Mart and Gillette
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 10 GE JFWTC Set up John F. Welsh Technology Center in 2000 Designing GEnx engine which powers Boeing Dreamliner 787 and Boeing 747 GENX ENGINE Designing simulations to control bird strikes and fan blade outs in MOTOROLA RESEARCH LABS 30 Full time researchers and scientists 40% of all software in Phones (including Motorazr) Multilingual displays, speech recognition MOTORAZR Developing noise cancellation technology
HIV MONITOR ReaMetrix developed immune monitoring test Cuts cost of testing by 1/5th Maintained dry state so can be transported easily without refrigeration Supplying to Africa, Brazil BIOCON Filed for over 800 patent applications worldwide Over 130 granted patents R&D focus growth of 36% in R&D expenditure in 2006 07 India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 11
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 12 Myth #4 Basic NOT applied Knowledge
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 13 AKASHGANGA AUTOMATIC MILK COLLECTION SYSTEM Cut time from 5 minutes to 30 seconds Milk analyzed on six parameters Monitors adulteration through analysis AKASHGANGA E-CHAUPAL Transforming business in rural areas Computer in local farmer s house - Serves about 600 farmers Information disseminated/collected in surrounding areas by VSAT More value and productivity E-CHAUPAL Accurate price
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 14 SUZLON Top three wind players in wind energy sector ( From <10 in 2002) Factories in US/China, Operates in 14 countries Unique proprietary turbines for cost advantage Has 7% global market in 2008 Set up innovation center in Denmark SUZLON TURBINES
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 15 KANSO Two seater 100 cc car Powered on solar energy upto 320 watts of power Cost - $3750 E-BIKES Rs.13000 bike that runs on electricity KANSO CAR Environmentally friendly (saved $1mn in fuel cost per month)
What has led to this resurgence? India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 16
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 17 #1 The Economic Engine
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 18 14 12 10 GDP GROWTH RATE 8 6 4 2 Rank India 2 Emerging Markets 0 World Output USA Europe Japan China India 2005 2006 2007 2008E Brazil Mexico Russia 4 Economy by PPP terms 3 Largest Economy (2050E) SOURCE: State of Indian Economy (2007) SOURCE: GOLDMAN SACHS 2007 All India: Age split in % < 40% Dependency Ratio 30 25 20 15 10 5 14.4 12.2 13.6 14.7 26.3 12.6 4.3 1.9 60% 65% 6% 24yrs Earning Population Population <35 years Population > 60 years Median Age SOURCE: TECHNOPAK CONSUMER OUTLOOK @))& 0 12-16 17-20 21-25 26-30 31-45 46-60 60-70 71+ Technopak Consumer Outlook 2007
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 19 #2 The Intellectual Capital
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 20 1996 6.6mn 2004 9.84mn Annual Enrolments at Graduate and Above 6% 11.20% (NCAER) /(Indian Science Report) % of students in Engineering (Farrell) 229 96 13 Universities Deemed Universities Institutes of National Importance Ministry of HR 350000 1400000 ~6000 Annual Engineering Graduates Estimated to grow to (2015) Annual Science PhD's UGC and Mashalkar Estimates 400 Government Research Labs 1300 Industrial R&D Units 21 R&D staff /1000 Department of Science and Technology
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 21 30000 Returnees of IIT from Abroad (3yrs) 40% Drop in no of IITians going to US 60,000 Total IT professionals returning (NASSCOM 2007) % 50+ 30 20 10 20mn $60093 20% Returning Indians to total Employees General Motors Monsanto GE Biocon Number of Non resident Indians Median earning of Indian origin (US Average$38885) Indians responsible for tech firms start up in US Ministry of external affairs (2004)
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 22 #3 The Financial Capital
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 23 INCREASE IN VC 350 7000 300 6000 250 5000 INCREASING MONEY FLOWS $261.1bn Forex Reserves (2007) $21.25bn Foreign Inst Investment (2007) $6.6bn Foreign Direct Investment (2007) State of Indian Economy, CII Paper Oct 2007 200 4000 150 3000 100 2000 50 1000 National Innovation Project sourcing $6bn VC from World Demos 2007 0 2000 2001 2002 2003 2004 2005 2006(E) Value of deals (USDmn) Number of deals 0 Venture capital amount doubled since 2000 Demos 2007 Nokia + Intel investing $250mn in VC Demos 2007
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 24 30 25 Average hourly wages in USD 24 COST ADVANTAGE IN INDIA 20 15 10 5 0 120 100 80 60 40 20 16.6 5.5 1.1 1.8 China India Poland UK Germany Bayer Crop sciences Average Investment in a Chemical Plant SCORPIO Developed at 1/10th cost of similar model abroad SARAS Passenger plane developed for $11mn INTEL Average Annual cost to design a chip 1/10 th of Silicon Valley Average Salary of Indian in R&D 1/10 th of Europe 0 World India, China Bayer Crop sciences
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 25 #4 Enabling State Support
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 26 0.80% Current R&D as % of GDP 2% Planned R&D as a % of GDP (2012) 40% R&D Investment CAGR $ 4.5bn Annual Science Budget 24% Increase in Annual Science Budget $230mn National Science and Engineering Foundation (Fundamental Research) Various tax exemptions and benefits for R&D Government of India Ministry of Commerce and Industry Controller General of Patents Designs and Trade Marks Intellectual Property Protection 2004-05 2005-06 Patent applications: 17466 24505 ( 40%) Patents Granted: 1911 4320 ( 125%)
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 27 #5 The Private Sector & MNC Investment
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 28 2002 2007 Number of MNC R&D ~50 300 Domes research GE: John F. Welsh Institute, Bangalore ARM: India and US Research on par Microsoft: Third largest R&D lab in India 300 more R&D centers planned Employ 80000 scientists Planned investment USD4.7 bn 2002 2005 $815 mn $4176 mn Private R&D Investment $4075 mn $8658 mn Total R&D Spending
Which sector will drive innovation in the future? India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 29
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 30 2004-05 USD 12bn 30.40% Growth THE IT- INNOVATION PARTNERSHIP Software exports (Up from USD 9.2bn in 03-04) 35% IT Exports as a % of total Exports ~1-2% R&D as a % of Sales (Nascomm) IT revolution geared the India Inc.
The three big players of tomorrow India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 31
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 32 70 60 50 40 61 58 Highest Number of US FDA Approved Plants Outside the US are in India 2004 PHARMA $4.6bn Revenues 50% Expected growth in 5 years $142mn Investment in R&D by 10 largest drug firms ~6% R&D as a % of Sales (DEMOS RESEARCH REPORT) 30 World class educational institutes (TIFR/IISC) Low cost of new drug development (1/10 th of Europe) 20 21 19 Cost effective contract research Pharma companies setting up R&D centers 10 8 TRIPS compliance Average Salary of Indian 0 India Italy Spain China Israel Pharmaceuticals
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 33 2004 BIOTECH $1.1bn Revenues 37% Growth $5bn Growth target by 2010 Rs.6.2 2bn Rs.14. 5bn Biotech Research Plan outlay (1997-2002) Biotech Research Plan Outlay (2002-2007) Patent protection introduced for microorganisms Main contributors to biotech industry pharmaceuticals, immunobiologicals and industrial products (DEMOS RESEARCH REPORT) Biotechnology
2004 NANOTECHNOLOGY $ 200 mn $s 24 mn Planned investment by Government in 5 years Nano Science and Technology Initiative spends Focus: Nanotube based solar power cells, diagnostic kits and drug delivery (DEMOS RESEARCH REPORT 2007) Nanotechnology India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 34
A closer look at Healthcare and life-sciences India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 35
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 36 14000 12000 10000 Growth projections for Indian Healthcare Industry in INR 12000 2007 Healthcare Market $37.5bn Size of healthcare market $75bn Expected growth in 5 years 15% CAGR 10 times Expected growth of CAGR till 2022 13% Growth in 2006 Technopak Health Outlook 2007-08 8000 6000 6000 4000 2000 3000 1500 0 2007 2012 2017 2022
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 37 1600 1400 1200 1000 800 600 83 Population Growth across age groups 98 671 747 118 143 173 810 859 899 DEMOGRAPHIC GROWTH DRIVERS OF HEALTHCARE IN INDIA 18.7mn Size of the middle class (Households) 32.7mn Expected growth by 2010 ($4938< Middle class<$24691) 400 200 0 356 346 340 336 327 2006 2011 2016 2021 2026 83mn People over 60 years (2006) 173mn Expected growth to 2026 0-14 15-59 60+ NON COMMUNICABLE YEAR MN MN IN YR 2015 ~29% Urbanization (2006) 40 Expected growth by 2026 Cancers 2004 0.87 0.99 Diabetes 2005 31 46 Mental Health 2005 65 80 Significant increase in Epidemiological/lifestyle Transitions Technopak Health Outlook 2007-08 Cardiovascular 2000 29 64 CODP and Asthma 2001 40.5 59.3 National Commission on Macroeconomics and health
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 38 Insurance Premiun in Rs 000mn 800 600 400 200 0 Projected Growth of Health Insurance Premium Payouts (CAGR 35%) 35 160 2007 2012 2017 Projected Growth of Indian Medical Value Travel Industry (CAGR 20%) 700 OTHER GROWTH DRIVERS OF HEALTHCARE IN INDIA Emergence of empowered customer Increased accessibility to health insurance Medical Value travel INR '000mn 350 300 250 200 150 100 123 308 Technopak Health Outlook 2007-08 50 0 20 50 2007 2012 2017 2022
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 39 Global Market $8bn (Kalorama) India Market 2010 Opportunity $250-300mn (Industry Sources) Discovery research Outsourcing $14.4bn (Centerwatch 2007) $1.5bn Mckinsey Clinical Research Outsourcing $25.7bn 2010 (Frost and Sullivan) 10% of Global Market Custom Manufacturing The key opportunity areas
Company Overview & Its Technology Solutions
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 41 Company Overview Leading provider of research-driven solutions solely-focused on pharmaceutical industry Founded in 1994 and headquartered in Pune, India with global presence Manufactures packaging materials to significantly enhance function, physical efficiency and safety of medicines Leading producer in Asia (~65% share of Indian barrier blister packaging market) and provides world-class packaging research and clinical trial services Operates best in class, manufacturing and research facilities in India, Singapore, UK and USA India: 1st pharma pkg. materials mfg. facility of its kind in Asia, and 8th in the world, 1st pharma pkg. Res. facility in the world. 1st clinical trials services facility in the country. 1st Academy for Clinical Research in collaboration with ACRP of USA. Mission of Bilcare & ACRP Build competencies for best practices in Clinical Research across Asia Singapore: 1st pharma pkg. materials mfg. having the worlds largest state-of-the-art polymer coating line. Awarded "Pioneer Status" by Singapore government USA: FDA and DEA approved clinical services facility along with a technologically advanced material slitting facility UK: MHRA approved clinical trial services facility along with materials warehousing & distribution Pioneering and patented packaging & Healthcare management system technologies Optimum packaging solutions devised in just 4 weeks using patented process Several novel patented products for successful branding strategies Significant cost savings benefits for pharmaceutical companies Leading packaging solutions through R&D
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 42 Global Clinical Services
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 43 Bilcare s clinical trial services provides end-to-end clinical supplies management services including: Protocol design Regulatory compliance & patient safety Batch manufacturing Packaging design Storage and global distribution IVRS Returns management Bilcare provides comprehensive clinical supplies services to its global client base Operational and distribution facilities in India, UK, United States and Singapore Bilcare also provides distinctive services to its customers in the areas of product formulation and development Opportunity to more rapidly and effectively conduct clinical trials, thereby potentially enhancing the speed to market of NCE s Formulation Development Develop formulations with a focus for clinical studies including pre-formulation All dosage forms and their line extensions Over encapsulation & blinding of drugs Develop placebos & comparator supplies Addressing needs of reformulation for phase I IV studies Stability Program Analytical Development Cleaning method validations Dissolution testing profile Analytical method development & validation with a focus on drugs undergoing clinical studies Analysis of drugs under stability program Analytical support for pre-formulation & formulation development Shipping studies evaluation
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 44 Research Services
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 45 Pharma Packaging Research Packaging Development & Design Packaging Audit Brandpak building solutions
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 46 Material Services
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 47 Comprehensive range of innovative packaging materials films & foils: Scientific optimization of drugs Maximize shelf-life Increased product stability Enhanced speed to market Protection against counterfeits Packaging comes in Blister films, Aluminium foils, Cold formed blisters (Alu Alu), and Wrap Systems The Company produces films and foils for blister packaging of pharmaceutical tablets and capsules, employing four distinct manufacturing processes Dispersion Coating Technology state-of-the-art dispersion coating systems equipped with sophisticated gauging and other control systems and operated using in-house proprietary process technology Dry Polymer Lamination Technology used to produce multi-laminated films with high clarity and optimal physical features Aluminium Processing Technology used to produce varied speciality coatings, including laminations on aluminium, which result in products which retain reduced solvent levels, well below international limits Slitting Technology integrated with packaging systems to provide customers with comprehensive functional safety and product protection Bilcare has extensive in-house research and design capabilities, used to develop and test innovative packaging solutions Cyclic-olefin copolymer (COC) also used for core layer in 3-5 layer blister films PVC is most common resin for core layer Outer layer made from a variety of resins including polypropylene and PVC
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 48 Academy for Clinical Research & Innovations
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 49 Academy for enhancing competencies and capabilities of the clinical research professionals and clinical research sites Create continual innovations for addressing key concerns in the space of clinical research Develop value based solutions including IT enabled solutions for enhancing the speed of clinical research study programs Innovation Knowledge Sharing Commitment to Quality & Highest Ethical standards creation Collaborate with the leaders of Best Practices to enable true enrichment of professionals Unique 1 year post graduate diploma program in clinical research management in partnership with ACRP of USA Create & build competency of Clinical Research professionals in collaboration with ACRP, USA across Asia
Addressing the Key Customer Challenges The 5 C s Counterfeit Compliance Convenience Communication Cost India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 50
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 51 Challenges Counterfeit needs to be recognized as a key challenge as it leads to Non-Compliance resulting in frequent change of prescription; drug resistance secondary care leading to significant increase in healthcare management cost Medicine as total cure recognized as Myth Imbalance in diet and fitness management are major contributing factors Solutions must Empower consumer to participate in the global action on anti-counterfeiting Be Commercially sustainable & yet simple for operability by the consumer Be capable of addressing multiple concerns
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 52 Challenges Avoidable Complications & Hospitalization Enhanced burden of healthcare costs on Nations Anti-Counterfeit Who should tackle? Producer, Regulator, Patient, Pharmacist or the Doctor? Government, Healthcare Organizations, Insurance Cos.? Means & process to facilitate Collaborative efforts of all stake holders
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 53 Challenges Clinical Research & Development of new medicines / therapies Impact of Non - Compliance Real time patient feedback Timely professional interventions Means & process to facilitate Robust Clinical Research Management
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 54 India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 National Health System Manufacturer Hospital Insurer Healthcare Knowledge Management System Distribution Pharmacy Care giver Doctor Patient Anti - counterfeit Support Integrated Interactive Companion Device Compliance Support
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 55 Bilcare A business model based on innovation Symbiotic & Synergistic collaborative Approach Innovate over spheres of conventionalism Crunch and Breakthru process Focus on creating innovations with effective end use applicability over 60 patent filings worldwide Value proposition for Well Being and Health care management
Honorable Dr APJ Abdul Kalam, Dr John LaMattina President Pfizer Global R&D, Dr. R Chidambaram - Principal Scientific Advisor to Government of India inaugurating Bilcare Center of Excellence and the Revolutionary Technology India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 56
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 57 India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008
India As An Innovation Hub Praful Naik, CSO, Bilcare Limited: Telfer India Forum, OTTAWA, 20 th February 2008 58 Thank You www.bilcare.com