Indian Pharma Firms Set Sights on Local Production Opportunities in Russia

Indian pharmaceutical companies are increasingly targeting production opportunities in Russia, aiming to establish facilities as highlighted by Moscow Government Minister Sergey Cheremin at a recent forum.

• During the Russia-India. Mutual Efficiency forum, Moscow Government Minister Sergey Cheremin announced that Indian pharmaceutical companies are exploring local production opportunities in Russia.
• The growing interest from the Pharmaceutical industry in India signifies a strategic move to expand into the Russian market, potentially enhancing bilateral trade.
• This initiative aligns with Russias efforts to boost its domestic pharmaceutical capabilities through partnerships, particularly in regions outside of major urban centers like Moscow.