India to explore Russian market for pharma products
India has sought more market access for its pharma products in Russia.
New Delhi, September 20, 2013: India is looking at an enhanced market access for its products like pharmaceuticals, bovine meat and egg powder in Russia to enhance bilateral trade between the countries. It may be noted here that this issue was raised by Commerce and Industry Minister, Mr Anand Sharma during his recent meeting with Russian Deputy Prime Minister, Mr Dmitry Rogozin and its Industry and Trade Minister, Mr Denis Manturov.
"During his meetings, Sharma forcefully pressed for market access for Indian products. Pharmaceutical products figured very high on the agenda. The Indian minister asked for regulatory simplification for supply of Indian generic medicines to Russia," according to an official statement.
Mr Sharma also said that as Indian pharma companies are keen to establish manufacturing base in Russia, it is important that Russian government should address their concerns in an expeditious manner.
The bilateral trade between India and Russia stood at US$ 6.52 billion in 2012-13.