XIII India-Russia Business Forum

On the 22th of December in Moscow in the press center of MIA “Russia Today” the XIII India-Russia Business Forum was held. The main direction of the discussion was the theme of economic rapprochement between Russia and India, as well as the issues of creating a favorable business climate in the Russian Federation and creating the necessary legal conditions for the work of business structures.

The central event of the Business Dialogue was the Plenary session: ” Complex Russian-Indian partnership in the new world order “, which was opened by Pawan Kapoor, Ambassador Extraordinary and Plenipotentiary of the Republic of India to the Russian Federation. The speaker noted that the trade turnover between the Russian Federation and India has grown and reached 13 billion US dollars. It also increases interaction between Russian and Indian business communities.

Denis Alipov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of India, joined the event online. He stressed that the task set by the leaders of Russia and India to increase the volume of trade to 30 billion US dollars can be considered ahead of schedule by increasing the supply of hydrocarbon raw materials, fertilizers and a number of agricultural products to India.

Dmitry Volvach, Deputy Minister of Economic Development of the Russian Federation, also took part in the plenary session and raised the issue of international tourism. He noted that almost 17,000 Russian tourists visited India in the nine months of this year, and more than 21,000 guests from India entered Russia.

Sergey Cheremin, Minister of Moscow City Government, Head of Department for External Economic and International Relations of Moscow, Chairman of the Board of the Business Council for Cooperation with India pointed out that the key infrastructure projects in India develop rapidly and noted the importance of the participation of Russian companies in them. The speaker also announced plans to gather a special business mission from representatives of the regions and hold a conference in India in the first half of next year – in Bangalore or Mumbai.

In addition, such sessions as ” Russian-Indian strategic partnership: development prospects”, “National branding as an instrument of international cooperation ” were held, in which the expansion of economic cooperation between India and Russia was discussed.

Also, special attention was paid to the medical theme. As part of the business dialogue, a session titled “The Formula for the success of the Indian Pharmaceutical Industry” was held, during which the role of Russia and India in the global healthcare architecture, as well as the use of digital healthcare, was discussed.