Vadim Khromov (Deputy governor of Moscow region),headed a six member delegation to India.
Highlights: 1)Russia hoping for investment from India in areas like electronics, automotive components, pharmaceuticals, infrastructure etc.
2)Russia interested in straightening the economic-ties between India and Russia.
3) 10 Indian companies have successfully set up businesses in the Moscow Region.
Deputy Governor’s views on it (Moscow):
“India and Russia have excellent chemistry. Both the countries have a very warm relationship. We are looking for long term business partnerships between the Moscow Region and India,”
“We are looking to establish dialogues between investors and showcase the opportunities the Moscow Region has for the Indian businessmen. We are also exploring Russian investments in India,”
PM Modi approached Russia in the month of September of this year. India and Russia decided to even further their economic ties and develop the consensual trade to 30 billion $ till 2025.
Russia invested around 18 billion $ in the year of 2017 in India and If we talk about India’s total investment in Russia so it’s about 13 billion USD. So the huge-milestone that they both targeted is already achieved.
Big Indian pharma companies including Dr Reddy’s, Glenmark and Ranbaxy export to Russia.
Modi even had recent interactions with Australian president and he is helping India and might be planning something big which would be having a great impact in the development of the nation.