Russian Government drive to increase domestic manufacturing fuelling growth at CPhI Russia

As a part of Russian Government’s plan to stumulate demand for international pharmaceutical ingredients, manufacturing and packaging equipment by 2020, CPhI Russia returns to the world’s largest country’s capital.

The event’s 4thedition, taking place on March 28-30, will see the P-MEC zone for pharma machinery specialists, and the Innopack zone for pharma packaging professionals. The event will feature a three-day trade show, the content-led IPhEB Conference (Forum) and numerous networking opportunities.

$31.2 billion by 2019

Collectively, the partnerships and deals struck at CPhI Russia have helped establish Russia at the forefront of pharmerging markets and it is expected to reach a value of $31.2 billion by 2019. This, coupled with a Government commitment to invest nearly $5 billion in funding to bring existing manufacturing sites to GMP standards, is driving increased interest in the event. Under the new plan, foreign investment is also encouraged through a fast-track approval process and tax incentives.

The country has attracted a strong base of international pharma companies – an overwhelming 76% of total pharmaceutical sales are attributed to imported drugs – with many more foreign manufacturers now looking to capitalise on this attractive market. Integral to the internationalisation of this market is CPhI Russia, which acts a central hub for buyers and sellers within the region, providing a vital platform where pharma executives can connect, build and nurture existing relationships. With a limited API manufacturing base, the country also presents strong partnership and supply opportunities for manufacturers from China and India.

“We are seeing a steady growth in three main areas driven by a gentrifying healthcare sector, a rising local population and government support for domestic manufacturing. Currency variation aside, the pharma market is growing at just under 10% year-on-year and distributers, APIs manufacturers and machinery providers are seeing high demand across Russia and CIS countries. Traditionally, Russia has been a hard market to enter and that is why CPhI Russia has become so intertwined with the market’s growth,” said Orhan Caglayan, Brand Director at CPhI Russia.

“The Russia pharma market has yet to reach its full potential and by bringing together regional companies with C-level executives, we hope to speed its development. The unique content and market analysis at the event are essential in helping both domestic and international companies evaluate best opportunities for partnerships and growth,” added Caglayan.

Tatyana Andreeva, the Project Manager of Codema – a company that created a platform for qualified persons, auditors and consultants to exchange ideas on API related topics –said: “At CPhI Russia, you can seize the opportunity to find partners to work with in Russia. Without this kind of event it is extremely difficult to approach the Russian market.”