🇷🇺🙏🇮🇳 Russian Deputy Prime Minister — Minister of Industry and Trade Denis Manturov and Indian External Affairs Minister Dr S.Jaishankar met with representatives of the Russian and Indian business in New Delhi today

The business forum participants discussed issues of further enhancement of the Russian-Indian practical cooperation, including within the Intergovernmental Commission (IGC).

💬 “The IGC is a unique mechanism for a comprehensive discussion of topical issues on the Russian-Indian agenda with the participation of specialised departments and organizations of the two countries. We are talking not only about trade and economic relations, but also about humanitarian areas of interaction, such as education and culture,” said Denis Manturov.

He also spoke about the measures taken to strengthen Russia's technological sovereignty.

Indian colleagues and business representatives got acquainted with a new measure of support — a cluster investment platform, which can be applied in joint projects. It provides soft loans for the development and manufacturing of priority products, subsidies for pilot batches, preferences for insurance premiums and income tax.

At the same time, Mr Manturov noted that there is no goal to completely replace everything:

💬 “We will rely on trusted foreign partners. We will make every effort to expand our cooperation ties. To exchange competence and experience in the most promising technological areas,” he stressed.

Particular importance is attached to the issues of mutual access of products to the markets of both countries. Together with the Eurasian Economic Commission, it is planned to intensify negotiations with India to conclude a free trade agreement.

Additionally, the issue of signing a Russian-Indian agreement on the encouragement and mutual protection of investment is being worked out. Trade preferences and mechanisms that guarantee the safety of investment will be in demand by both Russian and Indian businesses.

🔸 @RusEmbIndia

🇷🇺🙏🇮🇳The trade turnover between Russia and India exceeded 35 billion USD, stated Deputy Prime Minister of the Russian Federation — Minister of Industry and Trade, Co-Chairman of the Intergovernmental Russian-Indian Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation (IGC) Denis Manturov at the 24th Meeting of the IGC held today in New Delhi.

The Indian delegation was led by Minister of External Affairs of the Republic of India, Dr S.Jaishankar.

During the meeting, the sides discussed bilateral cooperation in the areas of trade, finance, industry, energy sector, including nuclear power, agriculture, transport, healthcare, education and culture.

Relations between Russia and India continue progressively developing in all directions. In 2022, despite negative external factors, positive dynamics in the Russian-Indian trade prevailed.

“According to the last year results, the trade turnover between our countries increased by 2.6 times, exceeding 35 billion USD. We have completed ahead of schedule the task set by the leaders of our countries to reach the level of bilateral trade of 30 billion USD by 2025,” said Denis Manturov.

Following the meeting, Denis Manturov and Dr S.Jaishankar signed the final Protocol of the 24th Meeting of the Russian-Indian IGC.

🔸 @RusEmbIndia

🇷🇺🙏🇮🇳 Deputy Prime Minister of the Russian Federation - Minister of Industry and Trade Denis Manturov, as part of his working trip to the Republic of India, held a number of meetings with the leadership of the Indian governmental bodies. At the meetings, special attention was paid to the development of trade and investment relations, financial and industrial cooperation.

In particular, he met with Minister of Commerce and Industry of India Piyush Goyal. The parties discussed current issues and prospects for cooperation in such industries as railway and heavy machinery, aircraft building, shipbuilding, metallurgy and the chemical industry.

Denis Manturov invited Piyush Goyal and the Indian enterprises to take part in the international industrial exhibition INNOPROM in July 2023 in Yekaterinburg. The need to intensify the work on the preparation of a free trade agreement between the EAEU and India to increase and diversify trade turnover was also noted.

During the meeting with Minister of Finance of the Republic of India Nirmala Sitharaman, the necessary steps to ensure uninterrupted mutual settlements, primarily with the use of national currencies, were discussed. Mutual interest in concluding a Russian-Indian agreement on the encouragement and mutual protection of investment was noted.

At a meeting with National Security Advisor to the Prime Minister of India Ajit Doval, an exchange of views took place on priority areas for the development of Russian-Indian cooperation.

🔸 @RusEmbIndia

🌅🌅🌅 🌞 शुभ प्रभात, भारत!

📸 Moscow, Russia

🔸 @RusEmbIndia

🌅🌅🌅 🌞 शुभ प्रभात, भारत!

📸 The Republic of North Ossetia–Alania, Russia

🔸 @RusEmbIndia

Mr Kurenkov noted that today, advanced working methods and new digital developments allow the Ministry to more accurately forecast and minimize consequences of natural emergencies both on the territory of the Russian Federation and abroad.

Furthermore, he told that the Russian EMERCOM is improving the national legislation to secure assistance to the population affected by emergency situations.

In order to examine thoroughly the experience of other countries in this sphere, Alexander Kurenkov proposed to organize a special seminar, during which representatives of the SCO member states will have a chance to share their accumulated experience via videoconferencing.

“I am confident that our joint activities will make a significant contribution to ensuring the security of the SCO member states’ population,” said Mr Kurenkov.

The presiding Indian side informed about the implementation of the Action Plan for the Implementation of the Agreement between the Governments of the SCO Member States on Cooperation in Delivery of Assistance in Emergency Elimination in 2020-2023. Following the discussions, a similar plan for 2023-2025 was approved.

The SCO Secretariat noted the positive results and presented proposals for improving and developing further cooperation between the SCO member states in prevention and elimination of emergency situations.

The 12th meeting of the Heads of Departments of the SCO Member States on prevention and elimination of emergency situations will be held in 2025 in Kazakhstan.

🔸 @RusEmbIndia