The Indian government is considering establishing a joint pharmaceutical venture in Russia, and the Union Ministry of Commerce and Industry has decided to solicit input from the country’s pharmaceutical companies exporting. The Pharmaceutical Export Promotion Council of India (Pharmexcil) has decided to organize a meeting with representatives from the pharmaceutical industry and senior government officials. For more click here.
International policies governing the pharmaceutical industry are shifting, and India must realign its top priorities and engage with members of the international community on a regular basis if it is to continue to mold itself and increase its exports in the coming years.
Given that Russia is the largest market in the Central and Eastern Europe (CEE) Region, and that the country places a strong emphasis on generic medicines, India’s proposal to establish joint pharmaceutical companies exporting in Russia will be a wise move. In the short term, the Russian domestic market will present significant opportunities for pharmaceutical companies. For Related topics click here.