India May Replace West In Russian Pharmaceuticals Market: Russia

Indian pharmaceutical companies may replace Western manufacturers leaving the Russian market, Russian envoy to India Denis Alipov said on Friday.

“The withdrawal of many Western companies from the Russian market and those niches that have been vacated may actually be occupied by Indian companies in many industries, in particular, in pharmaceuticals,” Mr Alipov told the Rossiya 24 broadcaster, as quoted by Sputnik news agency.

The newly appointed Russian envoy added that India is a “world pharmacy” and a leading manufacturer of drug copies that are no worse than the original.

India’s Vaccine Maitri initiative last year reinforced its credentials as the “pharmacy of the world”.

World leaders publicly commended India’s efforts to rapidly expand vaccines production and supplies at critical junctures of the pandemic.