The Global India Business Forum cohosted an incoming multi-sector business delegation from
Russia to India on November 11th, 2024 - India-Russia Business Forum delegation at the iconic Taj
Hotel at Mumbai.
The prestigious event was
graced by Dr. S. Jaishankar, India’s External Affairs Minister, and H.E. Denis Manturov, First
Deputy Prime Minister of Russia. This forum marked a significant step in reinforcing
India-Russian relations, with businesses from both countries discussing potential collaborations
in critical sectors such as energy, technology, and connectivity.
The India-Russia Business
Forum was attended by more than 400 Indian business leaders and 60 from Russia, across several
sectors.
In his keynote address, Dr.
Jaishankar emphasized India’s commitment to a “non-transactional approach” with Russia, aiming
to raise bilateral trade to $100 billion by #2030. His speech highlighted key projects,
including the International North-South Transport Corridor (INSTC) and the Chennai-Vladivostok
Maritime Corridor, pivotal for enhancing connectivity and trade.
Ms. Ksenia Pogrebinskay of The
Roscongress Foundation noted, “There’s a growing interest from Russian businesses in sectors
like renewable energy and pharmaceuticals in India. Our collaboration is set to create
unprecedented opportunities for both countries to innovate and expand.”
The event also saw insights
from prominent leaders like Mr. Abhay Kumar from the Kursk City Assembly, Mr. Dimitry Stonikov
of VTB Bank, as they explored avenues for expanding Indo-Russian partnerships.
This very important and
strategic meeting focused on enhancing bilateral trade relations and fostering sustainable
growth between India and Russia. Both countries have a long history of collaboration, and in
recent years, there has been a growing emphasis on expanding their economic ties, particularly
in areas such as energy, defense, technology, and infrastructure.
