FBA EAC Experts Hold Working Meeting with Representatives of Indian Company API Solutions

A working meeting was held at the headquarters of the Financial and Business Association of Euro-Asian Cooperation (FBA EAC) to discuss a preliminary concept for potential cooperation with Indian partners in the pharmaceutical and cosmeceutical sectors.

The meeting was attended by Nikolay Savelyev, Vice-President of FBA EAC (responsible for coordination of the Association's overseas representative offices and working bodies); Anton Vasiliev, Doctor of Economics, Professor at the Department of Management and Innovation, Saint Petersburg State University of Economics; Sergey Kalendzhyan, Honored Economist of the Russian Federation, Dean and Founder of the Higher School of Corporate Management at the Russian Presidential Academy of National Economy and Public Administration (RANEPA), and Deputy Dean of the Faculty of Economics at the State Academic University for the Humanities; as well as Srinivas Sista, M.Sc. in Chemistry, representing the Indian company API Solutions.

The parties discussed potential areas of collaboration, including opportunities for supplying raw materials and components for the production of dietary supplements, cosmetic products, and functional beverages. Particular attention was devoted to quality control, logistics, and the organization of primary processing facilities.

Subject to favorable progress, the implementation of this initiative holds the prospect of creating new opportunities for advancing Russian–Indian cooperation in the field of the green economy and import substitution within the pharmaceutical and cosmetic industries.