Law Firm in India

India - Iran Second Annual Business Matchmaking (B2B) for Medical Devices Industry held on 6th October 2023

October 07, 2023

India Law Offices LLP in collaboration with the Iran National Innovation Fund & CISTC organized the second annual India – Iran B2B event for the Medical Equipment Industry in Delhi that was attended by dignitary from the Iran Embassy and more than 40 companies from both countries.

India - Iran Second Annual Business Matchmaking (B2B) for Medical Devices Industry held on 6th October 2023

[New Delhi, October 6, 2023] India and Iran’s trading history go back to more than 3000 years. Even when sanctions hit Iran, India did all it could as its faithful ally. Given the expected change in the political climate and the tremendous technical progress Iran has made especially in the Nano-Technology segment and after last years’ success, we once again invited a delegation of leading Iranian companies in the medical devices, AI based equipment, rehab equipment and other high technology medical services sectors for second annual B2B matching session with Indian companies.

The purpose of this event was to strengthen the ties between both nations and open cross-border collaboration opportunities for everyone. Through this evet, on one hand the Indian companies were able to get access to high-tech Iranian technology at a fraction of the cost in the international markets and on the other hand the Iranian companies got an opportunity to transfer their technology to India via joint ventures with Indian companies for peaceful purposes and carve out theiar space in the hugely exciting and fast-growing eco-system of India.

All products in the B2B were permitted under the India – Iran Cooperation Agreement.

This special B2B session was held on 6th October 2023 at the Eros Hotel, New Delhi and was facilitated by Iran National Innovation Fund & Center of International Science & Technology Cooperation (CISTC) from Iran and India Law Offices LLP & ILO Consulting Private Limited from India.

The event was inaugurated by:

  • Mr. Goharifard from Embassy of Iran
  • Mr. Seyed Mojataba Ghadamgahi, Director General of the International Business Development, Center of International Science & Technology Cooperation (CISTC)
  • Mr. Gautam Khurana, Managing Partner, India Law Offices LLP & Managing Director and Head Partner–India, OnetoOne ILO Consulting.

Prior to the commencement of the B2B meetings, Mr. Gautam Khurana gave a brief masterclass to Iranian Companies on various market entry routes for India.

Following the Inaugural Session & masterclass, B2B event was convened in which around six well-known Iranian Companies participated and showcased their products. All the Iranian companies dealt in different segments of medical equipment industry including, Electrosurgical Units, Brain Mapping & Neuro Diagnostic Equipment, Active Carbon Wheelchairs, Cancer Biopsy Systems, Imaging Equipment etc.

Following is the list of six Iranian companies that attended the event:

  1. Pooyandegan Rah Saadat Co
  2. Kavandish System
  3. ScienceBeam
  4. Ava Yekta Samaneh Novin Company (AVITA)
  5. Daya Danesh Gostar Arman (BITAMED)
  6. Nabz Hooshmand Salamat Co.

On the India side, there were more than 30 Indian companies that participated in the event & met the Iranian Delegates to understand the products and to explore the collaboration opportunities. The Indian Companies came from all over India and were all from different domains of medical / healthcare industry. Following are some of the Indian Companies that attended the event:

  1. Andhra Pradesh Med Tech Zone
  2. RMD Mediaids Limited
  3. Ace Cardiopathy Solutions (P) Ltd
  4. UnivLabs Technologies Pvt Ltd
  5. AG Orthocare
  6. Medorah Meditek
  7. Sunford Healthcare
  8. Medion Healthcare Pvt. Ltd.
  9. PEAAR Healthtech LLP
  10. International Electro Medical Co. (IEMCO Physio)
  11. Allied Medical Limited
  12. Ostrich Mobility Instruments Private Limited
  13. And many more

The full-day event ended with a thank you note from the leaders from both sides and with a promise of holding many more sessions in future so that corporates from India & Iran can exploit more business opportunities with each other not only in medical industry but other sectors as well. Overall, the event was warmly received and appreciated by Companies from India & Iran. Participants from both sides were quite satisfied and excited with the available opportunities & various collaboration possibilities. Just like last year, the event was a great success and a proud moment for our firm.

Here is a brief message from the Managing Partner of India Law Offices LLP who led this event from India side:

“We are delighted that the Indian industry once again welcomed their Iran counterpart with so much enthusiasm. We look forward to a new phase in India & Iran cooperation in the field of technology.”

About us: India Law Offices LLP (ILO) was set up in 2003 with a vision to bring the highest level of Legal service to Indian clients that is comparable, if not better than the law firms, we have interacted with from North America, EU & Japan. ILO carries out Corporate Law, Dispute Resolution & Taxation with equal aplomb. On one hand the firm has a well-developed Corporate & Commercial law practice supported by M&A, Joint Ventures and FDI while on other hand Dispute Resolution by means of Litigation, Arbitration & Mediation are our strength. In addition to this, International trade, Outbound FDI, International Arbitration, Immigration, Taxation and Employment Law & Labour are other strong areas of our firm.

For more than two decades, the firm has assisted clients both in India & outside the country to set up & sustain business in India in the least troublesome & seamless manner. The team of lawyers (Corporate & Dispute resolution) at ILO has given exemplary service to our valuable clients & that shows in the repertoire of testimonials & trust that has been reposed by our clients in the ILO team.

Headquartered in New Delhi, ILO serves our global clientele with additional offices in Mumbai, Bangalore, Chennai, Hyderabad & Goa. The firm is able to provide assistance in more than 70 cities in India and 134+ countries worldwide.

If you have any questions or need more information about the event, please reach out to us at:

office@indialawoffices.com | +91-11-24622216/24622218 | www.indialawoffices.com

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