Millennium Post

Russia keen to raise volume of investments to India

Alexander S Karuykin, counsellor (finance) at the Russian Embassy in New Delhi, has said that the Russian Federation is keen on investing in various Indian sectors which comprise of lucrative proposals acceptable to his country as a huge amount is lying in Indo-Rouble trade as well as other accruals which need to be invested in India.

Speaking at at an interactive meeting organised by MVIRDC World Trade Centre (WTC) Mumbai, All India Association of Industries (AIAI) and Russia-India Trade House Mumbai (RITHM), Karuykin said that Russia has faced some difficulties in investment in Odisha with respect to the titanium project being set up in joint cooperation between India and Russia — and with respect to to Sistema Telecom Project — and would not like to face more such experiences.

Russia and India will be celebrating 65 years of diplomatic relations this year and would like to see more economic cooperation by way of investment, joint ventures (JVs), technology transfer and bilateral trade, he observed.

 Vijay Kalantri, vice-chairman of World Trade Centre Mumbai and president of the All India Association of Industries, said, 'India is keen on doing business with Russia as we feel that Russia is a true friend of India and a strategic partner in diverse areas of science and technology, defence, nuclear and other key sectors.'

‘We always remember the support of Russia in building the steel and defence sectors of India. Russia is our largest supplier of military equipment as well and we feel that trade with Russia will cross $20 billion by 2015,’ he added.
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