On December 11, 2024, Moscow hosted XV Indian-Russian Business-Dialogue Forum. Organised by the Indian Business Alliance, the Business Council for Cooperation with India, the Moscow Government, and Roscongress, the event gathered together leading politicians, business leaders, and experts to discuss key economic issues and explore new opportunities for collaboration.
Natalya Thotahewage, Counsel in Lidings Life Sciences Industry Practice, Head of the Indian Desk*, took part in the section Innovations in healthcare, biotechnology, and educational technologies speaking on Regulation of Circulation of Medicines and APIs in the Russian and EAEU Markets.
In her report, Natalya emphasized the need to comply with regulatory requirements for successful operations in the EAEU pharmaceutical market, as well as the importance of understanding consumer trends and preferences in order to adapt business strategies of local manufacturers.
«According to the Russian Trade Mission in India, more than 60 new suppliers of pharmaceuticals, substances and excipients for the pharmaceutical industry plan to enter the Russian market per year. About 40 requests for entry by innovative companies in the MedTech sector. We provide legal support in launching the business of Indian companies in Russia and projects of Russian companies in India», - Natalya comments.
For more details about the Forum please visit the official website.
*Indian Desk - Lidings' special practice specializing in providing legal services to Indian companies in Russia, as well as to Russian investors doing business in India
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Lidings has extensive experience in Life Sciences sector providing leading pharmaceutical and healthcare sector companies with comprehensive legal advice and representation in respect of regulatory issues, routine commercial activities, tax and antitrust matters, intellectual property, personal data protection, resolution of disputes and bankruptcy assistance.
The firm is annually recognized for its expert industry knowledge by the leading Russian and international legal directories as Pravo-300, Kommersant, RAA Guide, Chambers and Partners, LMG Life Sciences.
*Starting 2022 research of the Russian legal market is put on hold by international ratings