Russian-Indian Business Forum: Cooperation for Development and Growth

On March 29-30 a delegation of the Moscow City Government headed by Minister, Head of the Department for External Economic and International Relations of Moscow, Chairman of the Board of the Business Council for Cooperation with India, S. Cheremin visited the Republic of India.

The “Russian-Indian Business Forum: Cooperation for Development and Growth” happened to be the key event of the visit organized by the Moscow Government, the Roscongress Foundation together with the Russian Export Centre. The forum was focused on topics of creating high-tech alliances in new technologies, supporting Russian companies to re-orient to new Asian markets, also covering the agenda of Smart City, Safe City, digitalization, modernization of the transport infrastructure and sustainable development of megacities.

Cheremin performed as a speaker at the plenary session of the event “Technological Alliances in Greater Eurasia”, noting that Moscow takes the lead in implementing advanced digital solutions in urban planning, transport and social infrastructure management. The Minister stressed that the creation of joint information platforms, business alliances, and financial infrastructure for settlements in national currencies with Indian partners would contribute to the alignment of the trade and economic balance and stimulate investment in the economies of the countries.

Of particular interest to the Indian side was the session “Smart City: A Common Future for India and Russia”, organized by the Moscow City Government. The discussion was supported by the heads of the Federal Chamber of Commerce and Industry of India (FICCI), Invest India, the Department of Information Technology, the Moscow Agency for Innovation, the Technological Sovereignty Export Association and representatives of such high-tech companies as SPUTNIX LLC, VisionLabs, SITRONICS Group of Companies and NtechLab.

It should be noted that representatives of Indian states actively participated in the Forum. States Andhra Pradesh, Uttar Pradesh are extremely interested in Moscow solutions in the field of traffic control, security, modernization of transport infrastructure, the management of housing and utilities system, the experience of Moscow in reorganizing the industrial areas.

The forum was attended by a record number of delegates — 450 representatives of the administration and the business community. Over 300 B2B meetings for the Russian companies took place.  One of the fruitful results of the Moscow delegation visit to the Republic of India happened to be the signing of a Memorandum of Understanding between the Moscow Centre for Innovation Technologies in Healthcare and the Indian Chamber of International Business.