Kolkata: Consul General of the Russian Federation in Kolkata, Alexey M Idamkin highlighted several areas of mutual co-operation between India and Russia while addressing a Special Session on 'The Current and Future Perspectives of Russia-India Relations and interaction between the two Countries' organised by the Bharat Chamber of Commerce at its premises on Monday.
India-Russia bilateral trade exceeded US$ 8 billion in the period between January and November, 2017, registering a 21 percent increase than the trade for the same period in 2016.
"The bilateral trade volume is expected to reach $30 billion and investments by $15 billion by 2025", stated Idamkin.
Speaking on bilateral investments, Idamkin highlighted that Rosneft's $12.9 billion acquisition of Essar Oil in India is by far the largest institutional investment that India has received
from Russia.
Sharma highlighted that the establishment of the International North-South T
ransport Corridor will benefit trade and investment between the two countries which do not share common land borders.