Pharmaleaders TV
You are here:  / Indian News / India asks Russia to remove trade barriers in pharma sector

India asks Russia to remove trade barriers in pharma sector

As Indian pharmaceutical firms are keen to set up manufacturing bases in Russia, New Delhi has urged Moscow to simplify regulatory procedures and remove trade barriers like delay in approval of dossiers by Russian health authorities.

lecture

“As Indian pharma companies are keen to establish manufacturing bases in Russia, it is imperative that Russian government should address their concerns in an expeditious manner,” said commerce and industry minister Anand Sharma who led a high level delegation of 120 Indian business leaders at the India-Russia Trade and Investment Forum at St. Petersburg on Friday.

The fertiliser sector, too, has attracted Indian interest for setting up manufacturing units in Russia and the two sides discussed the production of phosphate and potash by way of joint ventures. Besides, the two sides are expected to identify opportunities for investment in urea production in India.

“Akron and Orgsintez, the two Russian companies, are in discussion with Iffco as they have potassic and phosphatic resources. Both sides discussed the need to support the proposal of Akron for setting up of facilities for production,” said a commerce ministry statement.

The investment forum has selected 15 high value, high-tech projects for special attention. These include the establishment of India-Russia joint venture with Hindustan Aeronautics as joint centre of developing helicopters, production of Nitrogen Tetra Oxide for space programme, joint project of Ranbaxy Laboratories and government of Yaroslavl region and possible future cooperation between MMTC and ALROSA for long-term supply of rough diamonds.

The other projects are ONGC Videsh’s prospects for further hydrocarbon collaboration with Russian energy companies, participation of Russian companies in urea production in India and plant construction for manufacturing butyl rubber with capacity of 100,000 tonnes per year at the production site of RIL in Jamnagar.

PHARMALEADERS

Pharmaleaders is India’s first opinion based & research driven bi-monthly magazine & has a decade of relentless reporting in Pharma Journalism in an unbiased, fearless & independent way. Over the last one decade, The Magazine has covered some of the biggest voices in the healthcare Industry. Available both in digital & printed format, Pharmaleaders has emerged out as a leading title in voicing the opinion of the healthcare industry.

LEAVE A REPLY

Your email address will not be published. Required fields are marked ( required )

This site uses Akismet to reduce spam. Learn how your comment data is processed.

September 2019
M T W T F S S
« Aug    
 1
2345678
9101112131415
16171819202122
23242526272829
30  
Follow us
Contact us

Network 7 Meadia Group

Plot 5, NS Road No. 12, JVPD, Juhu Scheme, Mumbai, Maharashtra 400049. editorial@pharmaleaders.tv