Business news

MINSK, 13 February (BelTA) – Belarus is interested in setting up a joint company with India to produce pharmaceutical drugs, Speaker of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich said in a meeting held on 13 February to discuss the issue of boosting Belarusian exports to Bangladesh, India, Nepal and Sri Lanka, BelTA has learned.

“India has a powerful pharmaceutical sector. Today Belarus buys a lot of Indian material for the production of medicines. We, however, should take into account the fact that the material itself is 60-65% of the cost of the medication. Thus, we should look into the ways to get India interested in setting up a joint company in the pharmaceutical industry,” Mikhail Myasnikovich said.

Director General of Belmedpreparaty Company Alexander Grigoryev stated for his part that in October 2014 his company got an international certificate to export products to the markets of the South Asian countries. “For our company this regions is a very promising and necessary market. We hope for close cooperation with these countries. It is expected that the first shipments will go to Sri Lanka,” he said.

Ambassador Extraordinary and Plenipotentiary of India to Belarus Manoj Kumar Bharti stated before that Indian companies were ready to invest in the pharmaceutical manufacturing in Belarus. Besides India invites Belarusian companies to its market and invest in various sectors of economy. According to the diplomat, Belarus may be interested in housing construction projects, infrastructure development and product manufacturing in India.