My heartiest compliments to Pharmabiz.com & Chronicle Pharmabiz, which has come out with a special issue on CIS countries with emphasis on Trade in Pharmaceuticals.

This is a market with immense potential and opportunities for Indian Pharma Industry. Russian Federation is the largest component of Commonwealth of Independent States (CIS), which comprised the erst-while Soviet Union.

Russia today has successfully shaken off the adverse effects of the debilitating financial crisis of August 1998. It has a stable political environment and booming trade in important commodities like Petroleum and Natural Gas . It is an open Market Economy, which facilitates all market players with genuine commitment, to its shores. It is truly an emerging super power in a world.

As Chairman, Pharmexcil, I firmly believe that Russia/CIS is a market of the future with lots of opportunities for Indian Manufacturers with good quality products, world class manufacturing facilities, and a genuine desire to compete against the best in the world.

We at Pharmexcil will strive to improve the dialogue between India and the CIS nations at the level of Government, Trade, Industry and Medical Professions to facilitate the growth in exchange of Pharma Products and Technologies for the mutual benefits of peoples of India and Russia/CIS.

-- D B Mody, Chairman, Pharmaceutical Export Promotion Council