Russian Businesses Seriously Exploring Trade and Investment Opportunities in India: Trade Expert

Mumbai:

Port Wings News Network:

World Trade Center, Mumbai and All India Association of Industries (AIAI) organized an interactive roundtable meeting with a high-level business delegation from the Russian Federation to explore new avenues of bilateral cooperation in trade, investments, and technology partnerships with structured B2B meetings organized for more than 150 participants and the Russian delegation.

In her address, Malahova Irina, Lead Specialist, South Export Support Centre, Russia, said, “India and Russia have time-tested economic and trade partnership. Our main objective today here is to strengthen this partnership further and facilitate Russian businesses to enter the Indian markets. As an export promotion chamber, we are here to connect businesses thereby creating a fruitful bilateral relation between Crimea and India”.

Irina further stated: “Russia remains a premier source of quality products like wine, distilleries, spirits and mineral water. With our ties hitherto being limited to energy, defence and capital goods, we wish to see expansion of our trade baskets to further strengthen our bilateral ties”.

Dr. Vijay Kalantri, Chairman, World Trade Centre, Mumbai and President, All India Association of Industries said, “India and Russia share a strategic bilateral relationship which has remained unhindered over the years. This partnership was recently reinforced with the state visit of President Putin in the last week. In recent years, our bilateral trade has increased exponentially.”

Dr. Vijay Kalantri stated: “With the reliance on rupee-ruble trade mechanism, investments of Russian companies in Indian capital markets, sharing of critical nuclear and defence technology and Joint Ventures, I am confident that our bilateral trade will reach $100 billion by 2027. However, this expansion of trade also resulted in widening the trade deficit which India has with Russia. With a partnership based on mutual trust and ambition of growth, and ties which remain unaffected by geopolitical actions like tariffs, I am sure in the coming years we will bridge this trade imbalance.”

Dr. Kalantari, welcoming investment in the state, further said, “India with its 1.4 billion population offers a huge consumer base for global partners to invest and scale in India. There exist tremendous opportunities for businesses to engage in investments and joint ventures. The state of Maharashtra has a favourable policy for investors and local manufacturing. The expanding trade is evident from newer sectors like spirits, tourism and coolants coming to India for trade”

Priya Pansare, Director, Trade and Investment Promotion, World Trade Centre, Mumbai, while proposing vote of thanks, said “India and Russia share a partnership that is historic, strategic, and forward-looking. Built on deep trust and mutual respect, this relationship has evolved into a strong economic alliance, with bilateral trade exceeding $68 billion annually. Today’s interaction is therefore more than a meeting, it is a platform to connect, collaborate and convert strong bilateral intent into concrete outcomes”.

The visiting Russian delegates shared insights into investment-friendly policies and business prospects in their respective regions, expressing keen interest in partnering with Indian firms for joint ventures, technology transfers, and market expansion in India. The interaction also covered topics such as facilitating smoother financial transactions, logistics connectivity and market access.