25 April 2022, Mumbai:
*WITH EUROPEAN, AND US BRANDS OUT.
Russian Ecommerce, Pharma, Food Retail Firms Turn to India.
ALSO READ Russia @ War: Emerging opportunities for Indian Brands
*Russia's e-commerce platforms Ozon and Yandex Market, food supplements firm Pharmstandard, dental products distributor Simkodent, largest food retailer X5 Retail Group and confectionery major UNICONF are among several Russian companies that have reached out to India for business ties amid Moscow's conflict with Kyiv.
Russia can expect more brands approaching India, which serves as an excellent opportunity for them and us. There have been other news that about a dozen Russian franchises will shortly approach the Indian fashion and apparel industries and explore opportunities and partnership profits.
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With the conflict between Russia & Ukraine and the emerging global crisis in the market, India has taken the opportunity to invade and grow its apparel and fashions market in Russia.
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As a pulse check, 'Indian Brands' are monitoring the situation pretty closely as they expect to earn/cash in on substantial visibility & growth from this region.
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CREDITS: *ET Dt 25-04-2022 (The news article has not been edited by DFU Publications).
