PXL/HO/Cir-031/2017-18                                                                                                                             Date: 07.07.2017

To,

All the Members of Council,

Dear Sir/Madam,

Subject: Proposal for setting up Joint Pharmaceutical venture at Chelyabinsk region of Russian Federation.

We are pleased to inform our member-exporters that during the recently concluded Inter-Ministerial meeting, Mr. Boris Dubrovsky, Governor of the Chelyabinsk Region of the Russian Federation has sought proposals for setting of Joint Venture in this Region. Mr. Boris Dubrovsky has proposed that the joint ventures in this region would be extremely beneficial for the Indian Pharma Manufacturers.

Ministry of Commerce & Industry, Government of India has sought views / interest of the Indian Pharmaceutical Industry in setting up Joint Ventures in the Chelyabinsk Region of the Russian Federation.

In view of the importance of the CIS Region in our Indian Pharma Exports, we request our members to inform us their views & interest in setting up Joint Ventures in this Region to enable us to proceed further in this matter.

We look forward to your urgent response latest by 15th July 2017

Please send your response to romumbai@pharmexcil.com and mark copy to ed@pharmexcil.com.

Thanks & regards,

Udaya Bhaskar

Director General