"Further, presence in Nigeria will be advantageous for members to explore opportunities in other African countries. Members are already aware of Pharmexcil's initiative to open a warehouse in Nigeria with support of members and ministry of commerce, government of India," the statement added.

Pharmexcil said its last two exhibitions in Mumbai, India, have been highly successful and "have been able to position Brand India Pharma as responsible healthcare", adding that "embassies and missions of India abroad are taking all efforts to promote IPHEX and suggest good business prospects".

It said the exhibition would be exclusive for Indian exhibitors who would have an opportunity to generate immense business opportunities in Nigeria and other African nations.

Pharmexcil will be inviting hosted buyers, importers, distributors and agents from other African countries in Nigeria to participate in the buyer-seller meet being exclusively organised for Indian companies participating in the Pharmexcil pavilion.

It will also use the exhibition to organise a networking dinner with regulatory officials and all pharmaceutical-related stakeholders. Regulators from Nigeria and other African countries will be invited. There will also be a three-hour seminar to focus on the Indian pharmaceutical industry and thereby create a platform for business interactions.

Read More: Jindal Group Planning To Buy London Mining