India is keen to invest in the Russian pharmaceutical industry and is considering new India-Russia joint ventures, according to its government.

Commerce and Industry Minister Anand Sharma said that India would look to collaborate on biotechnologies, nanotechnologies and other sciences such as genomics and bioinformatics.

“At present, Russia is making a list of all the prescribed medicines it needs, and the Indian and Russian governments are working on a protocol which will stipulate production, manufacturing capabilities and safety standards,” Sharma said.

“India is one of the largest manufacturers of generics in the market.”