Showing posts with label India. Show all posts
Showing posts with label India. Show all posts

Friday, February 11, 2011

India drug firms seek to further tap local market

Representatives of Indian and Vietnamese pharmaceutical companies seek to build business links during the Vietnam-India Business Meeting in Pharmaceutical Industry in HCMC on Thursday - Photo: Tuong Vi
HCMC – The fact that 12 Indian pharmaceutical companies are visiting Vietnam shows they are keen on the potential of the fast-growing local market.

The businesses that began their five-day Vietnam trip on Wednesday are active in fields such as specific drugs, herbs, functional foods, and cosmetics.

India emerged as the largest pharmaceutical exporter to Vietnam last year, with total revenue amounting to US$193 million, Abhay Thakur, consul general of India in HCMC, said at the Vietnam-India Business Meeting in Pharmaceutical Industry in the city on Thursday.

Vietnam’s pharmaceutical industry has expanded 12% a year on average in 2008-2010. In 2008, domestic drug production value reached US$715 million, and the figure rose to US$858 million last year and is forecast to surge to US$1.2 billion this year.

Vietnam exported US$39.96 million worth of medicines and pharmaceutical material last year, up 20% year-on-year. According to a report by Vietnam’s pharmaceutical authorities, the industry has grown slower and has not created new products and only 52% of the pharmaceutical companies meet Good Manufacturing Practice (GMP) standards.

“Most locally made drugs are of ordinary type and they don’t have high value. They just meet half the domestic demand,” said Nguyen The Hung, deputy director of the Vietnam Chamber of Commerce and Industry’s HCMC branch.

The industry, he noted, imports 90% of material for local drug production, mainly from India and China.

The country has huge demand for pharmaceutical products imports. Last year saw medicine imports top nearly US$1.2 billion, up 27% year-on-year. Spending on pharmaceutical products was US$6 per person in 2001 but surged to US$16.45 in 2008, and it may reach US$25 by 2015.

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Saturday, January 1, 2011

Workshop increases Vietnam-India strategic partnership

Vietnam and India have a great potential for cooperation in services, pharmaceuticals, oil refinery, transport, agriculture, information technology, tourism, education and production of fine art articles, said a recent workshop in New Delhi.

Trade and economic ties between India and Vietnam have seen a rapid growth in recent years with two-way trade rising from US$489.2 million in 2003 to over $2 billion in 2009, participants stressed at the workshop entitled India-Vietnam strategic partnership: tapping potential for expanding cooperation.

The two countries expect to bring the bilateral trade to $2.55 billion this year. Vietnam’s exports to India are mainly tea, coffee, rubber, coal, computer hardware and electronic appliances, while its imports from India steel, livestock feeding, pharmaceuticals, machinery equipment, cotton, leather and textile products and pesticide.

However, participants stressed Vietnam and India have yet to fully tap their potential in trade and economic ties, urging the two countries to overcome existing difficulties, such as tax levels, customs procedure and transport.

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Workshop increases Vietnam-India strategic partnership

Vietnam and India have a great potential for cooperation in services, pharmaceuticals, oil refinery, transport, agriculture, information technology, tourism, education and production of fine art articles, said a recent workshop in New Delhi.

Trade and economic ties between India and Vietnam have seen a rapid growth in recent years with two-way trade rising from US$489.2 million in 2003 to over $2 billion in 2009, participants stressed at the workshop entitled India-Vietnam strategic partnership: tapping potential for expanding cooperation.

The two countries expect to bring the bilateral trade to $2.55 billion this year. Vietnam’s exports to India are mainly tea, coffee, rubber, coal, computer hardware and electronic appliances, while its imports from India steel, livestock feeding, pharmaceuticals, machinery equipment, cotton, leather and textile products and pesticide.

However, participants stressed Vietnam and India have yet to fully tap their potential in trade and economic ties, urging the two countries to overcome existing difficulties, such as tax levels, customs procedure and transport.

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Friday, December 31, 2010

Workshop increases Vietnam-India strategic partnership

Vietnam and India have a great potential for cooperation in services,
pharmaceuticals, oil refinery, transport, agriculture, information
technology, tourism, education and production of fine art articles, said
a workshop in New Delhi.


Trade and economic ties between India
and Vietnam have seen a rapid growth in recent years with two-way
trade rising from 489.2 million USD in 2003 to over 2 billion USD in
2009, participants stressed at the September 30 workshop entitled
India-Vietnam strategic partnership: tapping potential for expanding
cooperation.


The two countries expect to bring the bilateral
trade to 2.55 billion USD this year. Vietnam’s exports to India are
mainly tea, coffee, rubber, coal, computer hardware and electronic
appliances, while its imports from India steel, livestock feeding,
pharmaceuticals, machinery equipment, cotton, leather and textile
products and pesticide.


However, participants stressed Vietnam
and India have yet to fully tap their potential in trade and
economic ties, urging the two countries to overcome existing
difficulties, such as tax levels, customs procedure and transport./.

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Saturday, November 27, 2010

India, US finalizing $5.8 billion Boeing aircraft deal

NEW DELHI - India is aiming to finalize a $5.8 billion defense agreement with the United States before the November visit of President Barack Obama in a deal that would mark the biggest India-US defense deal ever.

The two countries are in talks for India to acquire 10 Boeing Co's C-17 Globemaster III planes, senior government officials said on Wednesday, adding the parties hope to make the announcement during Obama's visit.

"The $5.8 billion deal along with all potential support services and spares is the biggest-ever defense deal between the two countries till now," a senior government official told Reuters.

Another official said the actual announcement could be made during President Obama's visit.

India and the US are building a strategic alliance and security experts say New Delhi's growing ties with Washington are seen as a counterweight against China's growing military clout.

India and the United States signed a landmark civilian nuclear deal in 2008 and another pact in July last year, facilitating the entry of US companies like Lockheed and Boeing into India's lucrative defense market.

New Delhi expressed its interest in January to buy the heavy-lift C-17 Globemaster aircraft, capable of carrying large combat equipment and troops.

"India will receive the most advanced version of the C-17 available, which will include the latest upgrades and capability," said Vivek Lall, Boeing's Vice President India, confirming the deal.

Boeing has sold 221 C-17 Globemaster planes to several countries so far, including Qatar, United Kingdom, Australia and Canada, the company said.

India is looking to spend more than $50 billion over the next five years to modernize its armed forces and largely Soviet-era equipment, an effort that is in particular focus after the 2008 Mumbai attacks revealed security loopholes and the need to upgrade defenses.

It is also expected to finalize a deal to buy 126 fighter jets.

Boeing's F/A-18 Super Hornet is also competing with Lockheed Martin's F-16 , France's Dassault Rafale, Russia's MiG-35, Sweden's Saab JAS-39 Gripen and the Eurofighter Typhoon, produced by a consortium of European companies.

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Monday, November 1, 2010

ONGC to finalize BP Vietnam asset valuation in few weeks

bp
Photo: AFP

MUMBAI - Indian state-run explorer Oil and Natural Gas Corp will make a joint bid with PetroVietnam for BP's Vietnam assets after completing its evaluation of them in the next few weeks, Oil Secretary S. Sundareshan told reporters on Saturday.

"They are making an evaluation of the value of BP's assets, and once that is finalized they will make an offer in conjunction with PetroVietnam," Sundareshan said.

ONGC has a 45 percent share in Block 6.1 in the Nam Con Son basin, off Vietnam's southeast coast, operated by BP, which has a 35 percent stake. The remaining 20 percent is owned by state-run PetroVietnam.

Sundareshan said the valuation process is likely to be completed in a few weeks.

The stake would be a welcome acquisition for India, which has been lagging China in the hunt for natural resources as both countries seek to feed their fast economic growth.

UBS analysts have said BP's stake, which includes an interest in the Lan Tay and Lan Do gas fields, the Nam Con Son pipeline and the Phu My power generation project, is worth $966 million.

No decision on Cairn-Vedanta deal

Sundareshan also said the government had yet to decide on whether to allow Vedanta Resources to buy a majority stake in the Indian unit of Cairn Energy.

Last month, India-focused miner Vedanta said it had agreed to spend up to $9.6 billion to buy a majority stake in Cairn India from UK-based Cairn Energy.

The deal needs Indian government approval because Cairn India has production-sharing contracts with the government for oil and gas exploration blocks. According to the agreement, any ownership change will need federal approval.

"We have written to them saying they should seek these approvals and so far there has been no response. As soon as the requests come...they will be examined on merit and a decision will be taken," Sundareshan said on Saturday.

He also said India was planning a policy by which gas in the country would be uniformly priced.

"Maybe in the course of the next year we would move to a situation where there could be a pool pricing of gas irrespective of the source, international or domestic, and gas could be uniformly priced."

A policy to provide fuel at a similar price across the country could firm up in the next 8-9 months, he added.

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Monday, October 18, 2010

India urged to invest in drugs companies

medicines
Many parents give their children too large or frequent doses of non-prescription medicines for fever, coughs and colds, putting their health at risk

Photo: AFP

Deputy Minister of Health Cao Minh Quang has encouraged Indian-owned pharmaceutical enterprises to pour more investment in the local pharmaceutical industry.

During on Monday's seminar on prospects of the industry, Quang said he had told the Indian Business Chamber in Vietnam (INCHAM) that Indian companies had provided drugs of high quality, safety and efficacy at reasonable prices in Vietnam .

"The Ministry of Health recognises the efforts made by foreign investors in the development of the pharmaceutical sector and will try its best to create a favourable and equitable business environment for INCHAM members who invest in Vietnam ," Quang said.

The ministry is committed to continue increasing transparency and accountability, and will reform administrative procedures to smooth the way forward for enterprises, according to Quang.

The ministry's goal is to develop the pharmaceutical sector on many levels, including investment, integration with the world market, and creation of new policies and laws governing the industry.

According to the ministry, 128 Indian enterprises among 545 foreign similar enterprises have been licensed to work in the pharmaceutical industry, accounting for 23.5 percent, the highest ranking.

The number of valid registrations granted to Indian drugs is 4507, accounting for 37.8 percent, the highest level. Drugs from the Republic of Korea rank second, 19.23 percent.

India is an emerging pharmaceutical market in the Asia-Pacific region with an impressive growth rate of 13 percent per year.

At US$193 million in export turnover to Vietnam , India , the world's third-largest producer of pharmaceuticals, was the largest pharmaceutical exporter to Vietnam in 2009.

Abhay Thakur, consul general of India in HCMC said India 's industry had average annual exports of $8.5 billion.

The $21 billion Indian pharma industry was small in comparison to the global market, he added.

"Vietnam can increasingly look towards India as a source for affordable medicines and to solve concerns about increasing healthcare costs," he said.

 

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Saturday, October 16, 2010

India urged to invest in drugs companies

Deputy Minister of Health Cao Minh Quang has encouraged Indian-owned
pharmaceutical enterprises to pour more investment in the local
pharmaceutical industry.


During on Sept. 6's seminar
on prospects of the industry, Quang said he had told the Indian
Business Chamber in Vietnam (INCHAM) that Indian companies had provided
drugs of high quality, safety and efficacy at reasonable prices in
Vietnam .


"The Ministry of Health recognises the
efforts made by foreign investors in the development of the
pharmaceutical sector and will try its best to create a favourable and
equitable business environment for INCHAM members who invest in
Vietnam ," Quang said.


The ministry is committed to
continue increasing transparency and accountability, and will reform
administrative procedures to smooth the way forward for enterprises,
according to Quang.


The ministry's goal is to
develop the pharmaceutical sector on many levels, including investment,
integration with the world market, and creation of new policies and laws
governing the industry.


According to the ministry,
128 Indian enterprises among 545 foreign similar enterprises have been
licensed to work in the pharmaceutical industry, accounting for 23.5
percent, the highest ranking.


The number of valid
registrations granted to Indian drugs is 4507, accounting for 37.8
percent, the highest level. Drugs from the Republic of Korea rank
second, 19.23 percent.


India is an emerging
pharmaceutical market in the Asia-Pacific region with an impressive
growth rate of 13 percent per year.


At 193 million
USD in export turnover to Vietnam , India , the world's third-largest
producer of pharmaceuticals, was the largest pharmaceutical exporter to
Vietnam in 2009.


Abhay Thakur, consul general of
India in HCM City , said India 's industry had average annual
exports of 8.5 billion USD.


The 21 billion USD Indian pharma industry was small in comparison to the global market, he added.


" Vietnam can increasingly look towards India as a source for
affordable medicines and to solve concerns about increasing healthcare
costs," he said./.

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Friday, October 15, 2010

India urged to invest in drugs companies

HCM CITY — Deputy Minister of Health Cao Minh Quang has encouraged Indian-owned pharmaceutical enterprises to pour more investment in the local pharmaceutical industry.

During yesterday's seminar on prospects of the industry, Quang said he had told the Indian Business Chamber in Viet Nam (INCHAM) that Indian companies had provided drugs of high quality, safety and efficacy at reasonable prices in Viet Nam.

"The Ministry of Health recognises the efforts made by foreign investors in the development of the pharmaceutical sector and will try its best to create a favourable and equitable business environment for INCHAM members who invest in Viet Nam," Quang said.

The ministry is committed to continue increasing transparency and accountability, and will reform administrative procedures to smooth the way forward for enterprises, according to Quang.

The ministry's goal is to develop the pharmaceutical sector on many levels, including investment, integration with the world market, and creation of new policies and laws governing the industry.

According to the ministry, 128 Indian enterprises among 545 foreign similar enterprises have been licensed to work in the pharmaceutical industry, accounting for 23.5 per cent, the highest ranking.

The number of valid registrations granted to Indian drugs is 4507, accounting for 37.8 per cent, the highest level. Korean drugs (19.23 per cent) rank second.

India is an emerging pharmaceutical market in the Asia-Pacific region with an impressive growth rate of 13 per cent per year.

At US$193 million in export turnover to Viet Nam, India, the world's third-largest producer of pharmaceuticals, was the largest pharmaceutical exporter to Viet Nam in 2009.

Abhay Thakur, consul general of India in HCM City, said India's industry had average annual exports of $8.5 billion.

The $21 billion Indian pharma industry was small in comparison to the global market, he added.

"Viet Nam can increasingly look towards India as a source for affordable medicines and to solve concerns about increasing healthcare costs," he said. — VNS

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Tuesday, October 5, 2010

India tells Google, Skype to set up local servers

google
Photo: AFP

NEW DELHI - India told Google and Skype on Wednesday that they must set up servers in the country to allow law enforcers to screen traffic, as it widened its security offensive on Internet communications firms.

The government has already told the maker of the BlackBerry smartphone, Research in Motion (RIM), that it must set up a server in India to allow security forces to intercept the phone's encrypted messaging system.

"We have made this clear to other companies" that they must do the same, Home Secretary G.K. Pillai said.

He added that notices were being dispatched to Google, which uses powerful encryption technology for its Gmail email service, and Skype, the Internet phone provider.

"All people who operate communication services in India should have a server in India," Pillai told a news conference. "This applies to all."

The government's statements came two days after it gave BlackBerry a two-month window to provide a way to read the smartphone's corporate email and messenger chatting services, or face a shutdown of the core functions of the phone.

Finnish mobile phone giant Nokia, a key BlackBerry rival, has already acceded to the government's demands, announcing this week it would set up a server in India by early November to give security forces access to data carried by its smartphones.

India's government, battling multiple insurgencies in areas from Kashmir in the northwest to the remote northeast, is worried that militants could use encrypted services to coordinate attacks.

"It is basically a debate between public security versus the privacy of citizens," Nareshchandra Singh, principal research analyst at Gartner global consultancy, told AFP.

"It is my belief that the upper hand is with security rather than privacy and the government will have to draw a fine line," Singh said.

Home ministry officials say Skype, which uses Voice-Over-Internet-Protocol (VOIP) technology to send calls over the Internet, poses a difficulty for the domestic intelligence services.

"It is very difficult to track communications on VOIP, especially if the servers are not within India," Gartner's Singh said.

BlackBerry's reprieve came after the government said the smartphone's Canadian maker had made proposals to give security forces "lawful access" to messages carried on the handsets.

The government began testing RIMs monitoring proposals on Wednesday to assess their effectiveness.

"Discussions with BlackBerry are still continuing. We have given them 60 days' time" to find a complete solution to government demands for access, Home Secretary Pillai said.

India, which has the world's fastest-growing number of mobile users, is a key market for BlackBerry, which has 1.1 million customers in the country.

BlackBerry has become a global market leader in the smartphone sector thanks to its heavy encryption, and analysts say any compromise with the Indian government could damage its popularity with its high-profile clientele.

RIM is already facing threats to its dominance in the smartphone segment from other feature-rich rivals globally, such as Apple.

But its reputedly impenetrable data protection has also raised a chorus of security concerns from governments in the Middle East and elsewhere.

The Times of India reported Wednesday that the reprieve for BlackBerry resulted from the flood of international visitors expected for the Commonwealth Games in New Delhi next month, as well as US President Barack Obama's planned visit in November, rather than any breakthrough in talks with the company.

The blackout of BlackBerry's core features would have disrupted communications for the two events, the newspaper said, adding there would be more talks with RIM before Obama's visit.

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Saturday, September 25, 2010

India BlackBerry users relieved as closure averted

bb
A customer holds a BlackBerry handset at a mobile phone shop in the western Indian city of Ahmedabad August 26, 2010.
Photo: Reuters

India's BlackBerry users heaved a sigh of relief Tuesday after the government gave the company a two-month reprieve on a threat to ban its messaging services, averting a showdown over security access.

Research in Motion (RIM), the smartphone's maker, has made "certain proposals for lawful access" to heavily encrypted BlackBerry messages and the situation "will be reviewed in 60 days", the government announced Monday.

The breakthrough came on the eve of a deadline for cellular providers in India to close down the Canadian firm's corporate email and messenger chatting services unless intelligence services could monitor them.

Now, after getting RIM to offer access to BlackBerry data, India aims to go ahead with plans to pursue Google and call provider Skype as it steps up scrutiny of encrypted communications, media reports said.

India, battling insurgencies ranging from Kashmir in the northwest to the far-flung northeast, fears encrypted data could be used by militants to plan attacks.

The proposals for meeting India's security concerns include setting up a server in India through which BlackBerry messages could be routed, the home ministry said in a statement.

Finland's Nokia, one of RIM's biggest rivals in India, said Monday it had already satisfied the government's security concerns by agreeing to install a server in India "for hosting mail and ensuring the government has access".

Analysts have said it would be a major blow for RIM, whose shares have lost more than 30 percent of their value in trading since the start of the year on the New York Exchange, to lose access to the world's fastest-growing cellular market.

For the government, a ban on BlackBerry services, used widely by India's elite, could have caused serious communication problems with the Commonwealth Games due to take place in New Delhi in just over a month.

Banning the service would have also created disruption for India’s corporations, which widely use the Blackberry. BlackBerry has 1.1 million users in India, although not all of them are corporate clients.

"It would have been a real inconvenience, I don't know what I would have done. I use the BlackBerry all the time," said an Indian oil company executive.

Indian authorities plan to issue notices to US search engine Google, Luxembourg-based Skype and public telecom infrastructure provider Virtual Private Network (VPN) to make their services accessible to security agencies, the Press Trust of India reported.

VPN is a network that uses the Internet to provide remote offices or individual users with secure access to their organization’s network.

If they do not satisfy the government's demands, they will be asked to close down their Indian operations, a senior government official who spoke on condition of anonymity said, according to PTI.

"There will be no discrimination. All networks operating in India will have to give access to their services to law enforcement agencies," the official said.

RIM's proposals for "lawful access" to its messages would be "operationalized immediately" and their feasibility assessed, the home ministry said.

A RIM official told AFP the company had not compromised its public commitment to make no special deals with governments.

Analysts note other security-conscious nations such as China and Russia appear to be satisfied that their intelligence agencies have sufficient access to BlackBerry communications although the arrangements between RIM and these countries are not known.

BlackBerry has also been facing a threatened October 11 ban by the United Arab Emirates and has been negotiating with Saudi Arabia on security issues.

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India meets for decision on BlackBerry ban

blackberry

Indian officials meet on Monday to decide whether to ban some of Research In Motion's BlackBerry services, a day before the deadline runs out for the firm to give security agencies access to its secure data.

Government sources have said the August 31 deadline could be extended if Research In Motion says it has a solution to allowing monitoring of emails and asks for more time to avoid disruption of its services in the world's fastest-growing mobile phone market.

Monday's meeting will consider a technical report prepared after two days of talks last week between RIM officials and Indian security agencies. The report, sources said, contains some suggestions on how a secure email on BlackBerry may be accessed.

"A final decision will be taken after considering all aspects and national security interests," a source in the interior ministry told Reuters. The outcome of the meeting may not be announced on Monday. The sources asked not to be identified because they were not authorized to talk to the media.

The meeting is due to start at 5 p.m. local (7:30 a.m. EDT).

India says it wants the means to fully track and read BlackBerry's secure email and instant messaging services that officials fear could be misused by militants.

India could become the first country to ban the services, even though several governments have raised concerns about the popular device over activities from terrorism to peddling pornography.

Saudi Arabia, fretful over online services like pornography, has reached a deal with RIM on the messenger service, a consumer product outside of the secure corporate domain. India too has reached a deal till November on Messenger service, according to government sources.

Such concerns have also been raised by Kuwait and the United Arab Emirates, with the latter giving RIM an October 11 deadline.

Analysts see no easy fix to the standoff as RIM says it has no way of intercepting the data that countries want access to. RIM has denied media reports that say it provided unique wireless services or access to any one country.

A shutdown would affect about 1 million users in India out of a total 41 million BlackBerry users worldwide, allowing them to use the devices only for calls and Internet browsing.

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Thursday, September 16, 2010

India says BlackBerry must give access or face ban

bb
A customer holds a BlackBerry handset at a mobile phone shop in the western Indian city of Ahmedabad August 26, 2010.
Photo: Reuters

India insisted on Friday it would block some BlackBerry services next week if the smartphone maker did not address security concerns, and government officials said they were hopeful for a solution soon.

Time is running out for Canada's Research In Motion to give India the means to track and read its secure email and instant messaging services that officials fear could be misused by militants and to create political instability.

Executives of the Canadian firm will meet Indian government officials for a second day on Friday in last-ditch negotiations aimed at finding a solution ahead of an August 31 deadline. The government has said it will take a final decision on Monday.

"We will only accept a solution which will enable us lawful interception of BlackBerry services in the interest of national security," a government official close to the talks told Reuters.

"The solution, if they come up with it, will have to go through field trials and satisfy our technical experts," he said. "The government's position does not change ... We are hopeful they will come up with some solution."

BlackBerry's troubles in India, which could cut it out from one of the world's fastest growing mobile phone markets, are the latest in the firm's global headaches as governments worry its encrypted services could be used for activities from terrorism to peddling pornography.

India is one of a number of countries putting pressure on RIM for the same reason its BlackBerry device is so popular with business professionals and politicians: confidentiality.

The governments of Saudi Arabia and other nations fear it could become a tool to plan militant attacks or for those breaking Islamic laws.

Security concerns

RIM has offered to lead an industry forum to look at India's need to have "lawful access" to its encrypted email and messenger in an effort to stave off the blocking of the popular services.

RIM said singling out BlackBerry for blocking would be counter-productive for India, as it would limit the efficiency and productivity of local firms.

But India says nothing short of a solution giving access to secure email would satisfy security agencies.

"I think these concerns have been addressed in other parts of the world. I see no reason why the Indian government and its agencies should take any risk at all as far as technology is concerned," junior telecoms minister Sachin Pilot said on Friday.

Pilot said he was hopeful the company would offer a solution.

A shutdown would affect about 1 million users in India out of a total 41 million BlackBerry users worldwide, allowing them to use the devices only for calls and Internet browsing.

RIM uses powerful codes to scramble, or encrypt, email messages as they travel between a BlackBerry device and a computer known as a BlackBerry Enterprise Server that is designed to secure those emails.

RIM has said BlackBerry security is based on a system where the customers create their own key and the company neither has a master key nor any "back door" to allow RIM or any third party to gain access to crucial corporate data.

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