Business news

MINSK, 29 February (BelTA) – Belarus plans to adopt Indian technologies in the production of pharmaceutical drugs, Deputy Healthcare Minister, Director of the Pharmaceutical Industry Department of the Healthcare Ministry of Belarus Valery Shevchuk told media ahead of the presentation of Indian pharmaceutical and healthcare companies in Minsk on 29 February, BelTA has learned.

“Our goal is to establish cooperation in a transfer of technologies to produce the pharmaceutical drugs we do not manufacture and which have a good export potential,” said Valery Shevchuk. In his words, it takes years to develop a medicine and for Belarus it is more profitable to localize the technology at the existing manufacturing facility.

“The companies [that present their activities - BelTA] comprise medium-sized business, the segment we are interested in the localization in Belarus. The exports of many of them account for $200-500 million to third countries. The best products are exported,” said Valery Shevchuk.

According to the deputy minister, there are also plans to talk over more active cooperation in what concerns supplies of Indian substances to Belarus. Today the main active pharmaceutical ingredients come from China, the countries of Southeast Asia, Europe.

Today Minsk is playing host to the presentation of the pharmaceutical and health companies in India and a B2B meeting. The event features 37 pharmaceutical companies from India and nearly 40 from Belarus. Among the participants are more than 100 executives and industry experts.

The event has been organized by the Pharmaceuticals Export Promotion Council of India, the Indian Embassy in Belarus, Technics & Communication company with the assistance of the Healthcare Ministry of Belarus.