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India-Russia friendship strengthened further, bilateral trade increased five times in 5 years
worldnews:-India-Russia friendship is constantly reaching new heights. The latest example of this is the ever-increasing trade between the two countries. Let us tell you that bilateral trade between India and Russia has reached a record $ 66 billion in 2024, a five-fold increase in the last 5 years. A Russian diplomat gave this information on Wednesday. He said that it has increased by nine percent in the first eight months of this year. Russian Consul General in Kolkata Maxim V. Kozlov said that Russia and India are moving towards achieving the ambitious $ 100 billion trade target by 2030, which will be strengthened by expanding cooperation and diverse business opportunities. Preparations to increase investment in both countries
Kozlov said in a dialogue session with members of the India Chamber of Commerce (BCC) in Kolkata that the target of $100 billion by 2030 is achievable with the recent talks between the two countries on the possibilities of diversifying the trade sector and increasing the volume of investment in various sectors. He said, India and Russia are more than strategic partners; we are evergreen friends. Our relationship is based on mutual trust and shared interests, making the growth of our economic relations both natural and permanent. The key areas identified for increasing cooperation include railways, pharmaceuticals, information technology (IT), aviation and cyber security.
Emerging opportunities also highlighted
The officials present in the meeting also highlighted the emerging opportunities for Indian industries in Russia, especially after the withdrawal of Western brands after the Ukraine conflict. Kozlov also stressed the need to deepen cooperation in areas such as artificial intelligence (AI), robotics, urban development and critical metals such as lithium, cobalt and nickel, which are essential for next-generation industries, the BCC said in the statement.
worldnews:-India-Russia friendship is constantly reaching new heights. The latest example of this is the ever-increasing trade between the two countries. Let us tell you that bilateral trade between India and Russia has reached a record $ 66 billion in 2024, a five-fold increase in the last 5 years. A Russian diplomat gave this information on Wednesday. He said that it has increased by nine percent in the first eight months of this year. Russian Consul General in Kolkata Maxim V. Kozlov said that Russia and India are moving towards achieving the ambitious $ 100 billion trade target by 2030, which will be strengthened by expanding cooperation and diverse business opportunities. Preparations to increase investment in both countries
Kozlov said in a dialogue session with members of the India Chamber of Commerce (BCC) in Kolkata that the target of $100 billion by 2030 is achievable with the recent talks between the two countries on the possibilities of diversifying the trade sector and increasing the volume of investment in various sectors. He said, India and Russia are more than strategic partners; we are evergreen friends. Our relationship is based on mutual trust and shared interests, making the growth of our economic relations both natural and permanent. The key areas identified for increasing cooperation include railways, pharmaceuticals, information technology (IT), aviation and cyber security.
Emerging opportunities also highlighted
The officials present in the meeting also highlighted the emerging opportunities for Indian industries in Russia, especially after the withdrawal of Western brands after the Ukraine conflict. Kozlov also stressed the need to deepen cooperation in areas such as artificial intelligence (AI), robotics, urban development and critical metals such as lithium, cobalt and nickel, which are essential for next-generation industries, the BCC said in the statement.
Kozlov said in a dialogue session with members of the India Chamber of Commerce (BCC) in Kolkata that the target of $100 billion by 2030 is achievable with the recent talks between the two countries on the possibilities of diversifying the trade sector and increasing the volume of investment in various sectors. He said, India and Russia are more than strategic partners; we are evergreen friends. Our relationship is based on mutual trust and shared interests, making the growth of our economic relations both natural and permanent. The key areas identified for increasing cooperation include railways, pharmaceuticals, information technology (IT), aviation and cyber security.
Emerging opportunities also highlighted
The officials present in the meeting also highlighted the emerging opportunities for Indian industries in Russia, especially after the withdrawal of Western brands after the Ukraine conflict. Kozlov also stressed the need to deepen cooperation in areas such as artificial intelligence (AI), robotics, urban development and critical metals such as lithium, cobalt and nickel, which are essential for next-generation industries, the BCC said in the statement.
