What TV doesn't, print can't; we deliver.
What TV doesn't, print can't; we deliver.
NEW DELHI: Russian Deputy Minister of Economic Development, Dmitry Volvach, noted on Friday, that mutual trade between the two nations had already surpassed RUB 3.9 trillion in January–September of the current year.
Speaking at the 14th India–Russia Business Dialogue in Moscow, which was attended by 796 participants from 10 countries, including the US, UK, and African nations, Volvach expressed confidence that they would exceed the historical trade record.
“It should be noted that in January–September of this year, mutual trade between our countries exceeded RUB 3.9 trillion. We can confidently say that this year we will surpass our historical record for mutual trade. I think this is also a very serious sign and symbol that what we are doing is right,” he said.
In 2022, bilateral trade surged, doubling to over RUB 2.5 trillion. Volvach emphasised the balanced nature of the trade, with significant growth in both exports and imports.
The positive financial trends are expected to manifest in energy, industry, agriculture, and various scientific, technical, and cultural sectors.
President of the Indian Business Alliance, Sammy Kotwani, highlighted the favourable business environment for Russians in India.
“The speeches by more than 25 respected speakers, including the Russian deputy minister of economic development, employees of the federal tax, customs, and migration services, as well as representatives of various regions, showed that Russia is open to fruitful cooperation with Indian enterprises,” he said.
More than 25 speakers, including the Russian deputy minister of economic development, discussed the cooperative opportunities, indicating Russia’s openness to collaboration with Indian enterprises.
The plenary session of the India–Russia Business Dialogue delved into potential collaborations in trade, science, technology, medicine, and culture.
Sergey Cheremin, Minister of the Moscow Government, and Director of the Moscow Department of External Economic and International Relations, emphasised the attractiveness of Indian investments in Russia, particularly in the high-tech sector.
Cheremin identified India’s burgeoning economic growth, at a rate of 7.2 per cent GDP growth in the 2022–23 fiscal year, as a promising avenue for collaboration.
The dialogue will continue at the St. Petersburg International Economic Forum as part of the Russia–India Forum, bringing together representatives from Russian and Indian businesses and government officials.
