David Ricks of Eli Lilly Praises India’s Growth as an Economic Superpower After Meeting PM Modi
New York [US], September 23: David Ricks, CEO of Eli Lilly, a pharmaceutical company, highlighted India’s emergence as an economic superpower following a roundtable interaction with PM Narendra Modi in New York.
Meeting with PM Modi
Ricks noted that during the interaction with PM Modi on Sunday, he shared ideas about technological advancements and AI. “We had a wonderful meeting with PM Modi to exchange ideas about the advancement of technology, use of AI and biotechnology and the growth of India as an emerging superpower economically,” said Ricks.
Expansion Plans in India
Ricks also highlighted that Eli Lilly is planning to expand its research center in India and will be partnering with other Indian companies. “We have already a large research-based center in India. We plan to grow that. More importantly, the products we make, particularly for common conditions like obesity, diabetes which inflict so many Indians – we will be bringing to this market at scale, partnering with other Indian companies, with producers in India and helping people with healthier life in India…It is an exciting moment to work with India,” added Ricks.
Eli Lilly’s Operations
Eli Lilly and Company operates in India through two distinct business entities, expanding its pharmaceutical and drug development capabilities across the region. The company’s operations extend beyond India, covering neighboring countries such as Nepal, Bangladesh, and Sri Lanka through distribution and promotion partnerships with local pharmaceutical companies. In addition, Eli Lilly established ‘Eli Lilly Services India Pvt. Ltd’ in January 2016 by opening a capability center in Bangalore.
Doubts Revealed
David Ricks -: David Ricks is the CEO (Chief Executive Officer) of Eli Lilly, a big company that makes medicines.
Eli Lilly -: Eli Lilly is a company that makes medicines to help people get better when they are sick.
Economic Superpower -: An economic superpower is a country that is very strong and important in the world because it has a lot of money and businesses.
PM Modi -: PM Modi is the Prime Minister of India, which means he is the leader of the country.
Roundtable -: A roundtable is a meeting where people sit together to talk and share ideas.
Technological Advancements -: Technological advancements are new and better ways of doing things using technology, like computers and machines.
AI -: AI stands for Artificial Intelligence, which is when computers can do things that usually need human thinking, like solving problems.
Biotechnology -: Biotechnology is using living things, like cells and bacteria, to make products, like medicines.
Research Center -: A research center is a place where scientists and experts study and try to discover new things.
Obesity -: Obesity means having too much body fat, which can make people unhealthy.
Diabetes -: Diabetes is a disease where the body has trouble controlling the amount of sugar in the blood.
Bangalore -: Bangalore is a big city in India known for its technology companies and research centers.
