SPIEF 2024: Indian pharma giant to expand presence in Russia ...News

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Cadila Pharma and the Russian Direct Investment Fund will jointly provide over $100 million for a new plant Indian company Cadila Pharmaceuticals and the Russian Direct Investment Fund (RDIF) have agreed to jointly finance the first stage of a new manufacturing facility in Russia, according to a statement on Thursday. The agreement comes after numerous Western competitors withdrew from Russia due to Ukraine-related sanctions, boosting India’s role in supplying medicines to the country. According to the agreement signed on the sidelines of the St. Petersburg International Economic Forum (SPIEF), the parties will pr

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