Latest news with #KusumHealthcare
Time of India
21-04-2025
- Business
- Time of India
Russia-Ukraine war: Indian pharma firm caught in crossfire, lobby seeks PM Modi's help
An Indian pharma company is caught in the Russian-Ukraine conflict zone, prompting a pharma lobby group to seek Prime Minister Narendra Modi's intervention. The Federation of Pharma Entrepreneurs ( FOPE ), which represents small and medium pharma companies, has written to the Prime Minister Office seeking a policy to protect assets of Indian companies abroad, particularly in war zones, days after a warehouse of Kusum Healthcare in Ukraine caught fire reportedly after a missile struck it. The fire has resulted in damages worth ₹150 crore, the federation said in its letter dated April 17. The FOPE requested the government "to come out with a policy to protect assets of Indian companies abroad" in a way the lives of Indian nationals are protected. The company supplies life-saving and critical medicines in the conflict zone, the federation said, and sought immediate payment of compensation to Kusum to help it maintain operations. The warehouse was situated in the eastern part of Kyiv. Russia dismissed accusations that its military attacked the warehouse. The Russian embassy in India suggested that a misfired Ukrainian air defence missile could have caused the damage, blaming Ukraine's "ineptly operated electronic warfare systems" for the incident. It said the Russian forces have "never targeted civilian facilities". A company executive said Kusum Healthcare is the biggest Indian company in Ukraine and is doing its best to arrange stocks of medicines for Alzheimer's and Parkinson's as well as other critical diseases. "The Government of India should intervene and take up the issue," he said on the condition of anonymity.
Russia Today
18-04-2025
- Politics
- Russia Today
Russia dismisses Ukrainian claims it attacked Indian warehouse in Kiev
The Russian embassy in India has dismissed Ukrainian allegations of deliberately targeting an Indian pharmaceutical company's warehouse in Kiev, suggesting that an errant Ukrainian air-defense missile was likely to blame for the destruction of the facility. The warehouse, belonging to Kusum Healthcare, was destroyed last Saturday during a Russian aerial strike on Ukrainian military industrial and infrastructure sites. Kiev was quick to blame the incident on Moscow. The Ukrainian mission in India claimed the warehouse contained 'medicines meant for children and the elderly' and that it had been deliberately targeted by the Russian military. The message was further amplified by the British ambassador to Ukraine, Martin Harris, who described the destruction of the warehouse as a part of a Russian 'campaign of terror against Ukrainian civilians.' At the time, neither New Delhi nor Moscow responded to the allegations. The Russian embassy elaborated on the matter on Thursday, stating the facility was not among the targets of the strike. 'The Russian Armed Forces did not attack or plan to attack on April 12, 2025, Kusum Healthcare's pharmacy warehouse in the eastern part of Kiev,' it said in a statement. ❗️In response to the accusations spread by the Embassy of Ukraine in India the Russian Embassy in New Delhi informs that the Russian Armed Forces did not attack or plan to attack on April 12, 2025, Kusum Healthcare's pharmacy warehouse in the eastern part of Kiev. 'On that day, Russian tactical aviation, strike unmanned aerial vehicles and missile forces hit an aviation plant of the Ukrainian military industrial complex, the infrastructure of a military airfield and armored vehicle repair and UAV assembly workshops at a completely different location,' according to the embassy. The warehouse was 'most likely' destroyed by a Ukrainian anti-aircraft missile that fell on the installation and set it ablaze, the embassy suggested. 'Similar cases have occurred previously whereby Ukrainian air defense interceptors failing to hit their targets fell in urban areas due to ineptly operated electronic warfare systems,' the mission said. The Russian military only strikes legitimate targets and has 'never targeted civilian facilities,' the embassy stressed. It has also become 'customary' for Ukrainian forces to hide their 'air defense systems, rocket launchers, artillery pieces and other military equipment' in densely populated urban areas to use civilians as human shields, the mission noted.
