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India’s PSK Biotech Private Limited has signed an agreement to start manufacturing personal hygiene products, diapers, and medical supplies in the city of Yuzhno-Sakhalinsk, in Russia’s Far East Sakhalin region. Production is planned to launch in November this year.
The initiative would also significantly reduce the Sakhalin region’s reliance on imported technology and shorten the delivery time to people with disabilities, according to the company. PSK Biotech Private Limited wants to establish a long-term presence in the Russian market, Prabind Singh, PSK’s business development director stated. The company also plans to manufacture veterinary products.
Long-time trade and economic partners, India and Russia have worked to expand cooperation over the past two years in a response to Western sanctions on Moscow.
Companies from India are exploring opportunities in the pharmaceutical, diamond, and hydrocarbon sectors in Russia’s Far East, Anatoly Bobrakov, Deputy Minister for Development of the Russian Far East and Arctic said in India in January at the Vibrant Gujarat Global Summit in Gandhinagar.
Russia’s Far East trade with India grew by 40% in 2023, he added. The region – which borders the Pacific and Arctic Oceans, and spans over four time zones – accounts for one-third of Russia’s coal reserves, mines over 90% of its diamonds, and 50% of its gold.
The Russian government also has plans to develop ports and air transport infrastructure in the Far East. The Sakhalin administration is discussing plans with Moscow to build a 580-kilometer bridge to connect the island with mainland Russia, allowing it direct rail access to the markets in China.
Sakhalin is a federal subject of Russia (an oblast) comprising the island of Sakhalin and the Kuril Islands in the Russian Far East. The oblast has an area of 87,100 sq.km, while its administrative center and largest city is Yuzhno-Sakhalinsk. As of the 2021, it has a population of about 500,000.
Sakhalin Oblast is rich in natural gas and oil, and is Russia’s fourth wealthiest federal subject and wealthiest oblast. It borders by sea Khabarovsk Krai to the west and Kamchatka Krai to the north, along with Hokkaido, Japan to the south.
