India intends to increase trade with Russia three times by 2025


The volume of trade between Russia and India should be increased from $ 11 billion to $ 30 billion by 2025, said the Minister of Trade and Industry of the Republic of India Piyush Goyal at the plenary meeting “Russian-Indian cooperation in the Far East” as part of the Indian investor’s day in Vladivostok.

“We have already outlined the directions of bilateral cooperation. I am sure that the companies that are part of our delegation have already talked with their Russian colleagues, and that they will translate this into a practical plane,” said Piyush Goyal.

Indian Investor Day is taking place on Monday in Vladivostok on the campus of the Far Eastern Federal University. Representatives of four Indian states discuss cooperation plans and investment projects together with representatives of Russian business and government. Profile sessions related to agriculture, mining, medicine and other industries have already taken place.

As Goal noted, unfortunately, Indian companies in the past did not consider the Far East as a serious investment target. Piyush Goyal believes that the current visit of the Indian delegation will help businesses see these opportunities.

Almost 200 company representatives attended a meeting in Vladivostok. Entrepreneurs noted that they can work fruitfully in the areas of mining, processing agricultural products, forestry and manufacturing diamonds.

As the Governor of Primorye, Oleg Kozhemyako noted that for only six months of 2019, trade between Primorye and India increased by 22% compared to the same period in 2019.


Leave a reply