Dec 04: India and Russia continue to share a historical and time-tested relationship with growing economic ties through strong energy cooperation, and efforts to increase bilateral trade in local currencies. Defense remains a major strength of the partnership, with joint manufacturing and advanced technology cooperation. Cultural connections that run deep, which will augur well for tourism as we share a warm people-to-people bond. Even as the global landscape shifts, both nations are focused on strengthening this partnership and exploring fresh opportunities together.
“India’s long-standing partnership in energy and defense and vibrant cultural ties continue to open new doors for innovation and industry with an eye on a US$100 billion bilateral trade target by 2030. This is a partnership that is evolving with confidence and purpose said Mr. Rajeev Juneja, President, PHDCCI.”
“India and Russia share a relationship built not only on stability but a deep historical shared interests. Stronger trade links and deeper energy cooperation will help both economies grow in an uncertain and fast changing geopolitical environment, ” said Dr. Ranjeet Mehta, CEO & Secretary General, PHDCCI.”