Russia
Country Desk for Russia
INDIA - Russia RELATIONS
India and Russia have always shared a strong strategic, military, economic and diplomatic relationship. Development of India-Russia relations has been a key pillar of India's foreign policy. Russia has been a long-standing partner for India. The Strategic Partnership has been elevated to the level of a “Special and Privileged Strategic Partnership”.
Enhanced levels of cooperation have been established in the areas of political, security, defense, trade and economy, science and technology, and culture, to strengthen bilateral relationship between India and Russia.
Intensifying the trade and economic relations has been the main agenda for India and Russia as they revised the targets of increasing bilateral investment to $50 billion and bilateral trade to $30 billion by 2025.
An agreement on the cooperation in the production of spare parts for Russian/Soviet military equipment was signed during the 20th Annual Bilateral Summit in Vladivostok in September 2019.
DAE and Russia’s Rosatom signed the Strategic Vision for strengthening cooperation in peaceful uses of atomic energy. Kudankulam Nuclear Power Plant (KKNPP) is being built in India with Russian cooperation.
MoU of ISRO and ROSCOSMOS on Joint Activities in the field of Human Spaceflight Programme was signed during the 19th Bilateral Summit.
Russia is one of the largest investors in India. The amount of foreign direct investment inflows was $1,239.59 million from April 2000 to March 2019 which has increased to $1,256.84 million from April 2000 to March 2020.
Major Indian Exports to Russia:Pharmaceutical products, Electrical machinery & equipment, Nuclear Reactors & Boilers, Organic Chemicals, Coffee, Tea and Spices, etc. The value of exports stood at $2,389.47 million in 2018-19.
Major Indian Imports from Russia:Mineral Fuels, Mineral Oils, and Mineral Waxes, Natural or cultured pearls, precious and semi-precious stones and jewellery, Project goods, Fertilizers, Paper and Paperboard articles, etc. The value of imports stood at $5,840.44 million in 2018-19.
To commemorate the 150th birth anniversary of Mahatma Gandhi, digital exhibition and cycle rally were organized by the Embassy.
Russia has been an active partner country for ITEC scholarship with around 76 Russians taking the benefit in 2018-19. The number of ICCR scholarships has been steadily growing every year.
PROMINENT INVESTMENTS
Russian companies in Gujarat
Rosneft Oil
Gazprom
Indian companies in Russia
Tata Chemicals
Bharti Airtel
Reliance Industries
Cadila
Thermax
Wipro
Jain Irrigation
CIPLA
Srei Infrastructure Finance
ONGC Videsh Ltd
Imperial Energy
ICICI Bank
KGK Group
Advance Pharma
Russia TEAM
The Team members at iNDEXTb aim to facilitate Russian companies for investing or expanding their industries into Gujarat. They appraise investors about the rules and regulations related to industrial investment and ensure a seamless experience in commencing business in Gujarat.
Key Functions
- End-to-end investment facilitation and aftercare.
- Facilitate companies in the identification of sites and assist them in acquiring land across Gujarat.
- Facilitate information on sector-specific opportunities, investment across Gujarat.
- Facilitate investors in obtaining necessary approvals with extended holistic support.
Our Team Members
Mr Niket Srivastava
Deputy Manager
Prominent Sectors for Investment opportunities
Enegry
IT
Hydrocarbons
Pharmaceuticals
Mining
GALLERY
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