New Delhi, 11th February 2021: On February 10, ASSOCHAM (The Associated Chambers of Commerce of India) together with Business Russia held a webinar on interregional cooperation between India and Russia. Representatives of business of both countries, individual states of India, the Embassy of India, and the trade mission of Russia in India shared their experience.
Preeti Malhotra, Chairperson, ASSOCHAM National Council for Corporate Affairs & Chairman, Smart Bharat Group welcomed the participants from India and Russia highlighted the areas in which the two strategic partners can collaborate and stated that interregional cooperation is important for achieving trade and investment targets.
Olga Kulikova, Business Ambassador of Business Russia to India, greeted the participants of the webinar. “Russian-Indian cooperation is of strategic interest for Business Russia companies. Today we have a large number of companies, including from two regions of Russia – Novosibirsk and Samara, as well as three states of India – Haryana, Telangana, Maharashtra, representatives of the Indian Embassy in Russia, the Russian trade mission in India, our partner organizations – Assocham and Invest India, ”she said.
Dr. Aseem Vohra, First Secretary, Economic & Commercial Wing, Embassy of India, Moscow, Russia listed about 15 sectors of possible collaboration between the Indian States Telangana, Maharashtra, and Haryana and two Russian Provinces Samara and Novosibirsk. These include agriculture and agro-provessing, coking coal, chemicals and petrochemicals, IT, education, healthcare, vaccine diplomacy, energy, transport, and infrastructure, steel including specialty steels, and ceramics.
“Interregional cooperation between India and Russia is a cornerstone in enhancing bilateral cooperation. Trade Representation of Russia in India is ready to offer assistance to Indian companies, planning to invest in Russia and vice versa”, Alexander Leonidovich Rybas, Trade Commissioner, Trade Representation of Russia to India
Indian States were represented by Jayesh Ranjan, Principal Secretary, Industries & Commerce & IT, Government of Telangana, Dr P Anabalagan, Dr. P. Anbalagan (IAS), CEO, Maharashtra Industrial Development Corporation (MIDC) and Yogesh Chaudhry, PC FC & Advisor to Chief Minister, Haryana. All three state highlighted the areas in which Russian provinces and Industry can cooperate with the three India States.
On the Russian side, Dmitry Khilov, a member of the General Council, Chairman of the Samara regional branch of Business Russia , and Daria Burak, Advisor to the Director General of the Investment Development Agency of the Novosibirsk Region, spoke about the opportunities for foreign investors in the regions.
Industry was represented by Avinash Upadhye, Head International Business CIS & East Europe, L&T and Andrey Terebenin, Managing Partner, Sistema Asia Capital. Both L&T and Sistema Asia Capital highlighted their activities in Russia and India and spoke about ways to enhance bilateral economic ties between India and Russia.
The webinar was moderated byAarati Sharma, Director, International Division, ASSOCHAM.
