Embassy of Russia in India unveils economic potential of Omsk Region to Indian businesses to boost pharma sector
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Shardul Nautiyal, Mumbai
May 02 , 2024
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The Embassy of Russia in India has initiated a drive to foster economic collaboration between Indian businesses and the Omsk Region of the Russian Federation to boost the pharma sector. By sharing a comprehensive presentation highlighting the region's economic and investment potential, the embassy aims to catalyze mutually beneficial partnerships and spur investment activities.
In a bid to strengthen economic ties between India and Russia, the Embassy of Russia in India has taken proactive steps to showcase the investment opportunities available in the Omsk Region. Recognizing India's vibrant business landscape and entrepreneurial spirit, the embassy has extended an invitation to Indian companies and organizations to explore the untapped potential of the Omsk Region.
“The Omsk region is open to business partnerships and is ready to fortify you in implementing your business initiatives. Our region occupies a favorable geographical position: at the intersection of railway lines, federal highways and a major waterway. The economy of the Omsk region relies on strong agriculture, the developed industry and the serious scientific potential,” according to Governor of the Omsk Region V.P. Khotsenko.
He further added, “We are ready to offer investors a wide range of government support measures: from tax relief and subsidies to the land granting with no tendering process. We are ready to help anyone who is interested in developing business in the Omsk region with the funding of sites, solving legal and financial issues, and entering new markets. We understand that the development of the region largely depends on the successful implementation of your investment projects.”
The unveiling of a detailed presentation underscores the commitment of the Embassy of Russia in India to facilitate dialogue and collaboration between Indian and Russian businesses. The presentation provides an in-depth analysis of the Omsk Region's strategic advantages, industrial strengths, investment incentives, and infrastructure developments.
Positioned in southwestern Siberia, the Omsk Region enjoys a strategic geographic location with access to major transportation routes, facilitating seamless trade and connectivity. With a robust industrial base encompassing manufacturing, agriculture, energy, and pharmaceuticals, the Omsk Region offers a plethora of opportunities for cross-sectoral collaboration and investment.
“Investors in the Omsk Region stand to benefit from attractive incentives, including tax breaks, infrastructure support, and simplified regulatory procedures, aimed at fostering a conducive investment climate. Substantial investments have been allocated towards infrastructure development initiatives, bolstering connectivity, logistics, and accessibility within the region and beyond. The Omsk Region boasts a skilled and educated workforce, poised to support and drive forward various industries and projects with their expertise and talent,” informed Uday Bhaskar, director general (DG), Pharmaceuticals Exports Council of India (Pharmexcil).
He further added that the embassy encourages Indian businesses to leverage the information provided in the presentation to explore avenues for collaboration and investment in the Omsk Region. By facilitating dialogue and exchange between stakeholders, the embassy seeks to unlock the region's potential and catalyze economic growth and development.
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