FarmMedPolis RT and Farmgid signed a cooperation agreement at the Tatarstan investment development agency. According to the Agreement, the Indian investor plans to localize the production of raw materials for finished dosage forms – API – on the territory of the Medical Industrial Park of Tatarstan.
“For us, the healthcare industry is a priority. This is reflected in the Strategy of Social and Economic Development of Tatarstan until 2030, and in the Russian national projects, therefore it is very important to have reliable partners. We even formed a separate institute FarmMedPolis, which implements international projects in the pharmaceutical and medical industries, medical services. In general, in Russia, there are great needs for medicines, equipment, and technologies. In many areas, we have huge growth potential,”
said Taliya Minullina, the Head of the Tatarstan Investment Development Agency.
Pharmgid is a representative of an international pharmaceutical company whose activity is aimed at improving the health of people by providing affordable and high-quality medicines. The company was created over 10 years ago, it implements a number of programs in the field of health care, distribution of pharmaceutical products and medical equipment, consumables in Russia and the CIS.
“We are engaged in distribution, supplying raw materials to almost 70 percent of Russian factories. In Tatarstan, for the beginning, we decided to produce substances, and in the future, we can consider the option with ready-made preparations,”
said Farmgid CEO Bhusan Bharat.