Moscow Says India May Replace West In Russian Pharmaceuticals Market: Report

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Denis Alipov stated Moscow has welcomed impartial international coverage of India amid Russia-Ukraine battle

Moscow:

Indian pharmaceutical corporations might exchange Western producers leaving the Russian market, Russian envoy to India Denis Alipov stated 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 informed the Rossiya 24 broadcaster, as quoted by Sputnik information company.

The newly appointed Russian envoy added that India is a “world pharmacy” and a number one producer of drug copies which might be no worse than the unique.

India’s Vaccine Maitri initiative final 12 months strengthened its credentials because the “pharmacy of the world”.

World leaders publicly counseled India’s efforts to quickly increase vaccines manufacturing and provides at essential junctures of the pandemic.

This choice to exchange producers in pharmaceutical comes at a time when Russia has been bombarded with sanctions from Western nations. Now Russia is seeking to improve financial engagement with nations non-European nations.

Earlier this month, Mr Alipov had stated that Moscow has welcomed the impartial international coverage of India amid the Russia-Ukraine battle.

Touching upon the relations with India, Alipov stated, “Prime Minister (Modi) and the Indian leadership meet the consistent independent policy of the state in international affairs. We have repeatedly stated that we have welcomed the independent foreign policy of India and strengthening its role and its influence in the international arena.”

The Russian envoy additionally hailed the Indian international coverage stand on the continuing Russia-Ukraine battle.

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