The knowledge gap between Indian and Russian business communities should be bridged: Sushma Swaraj
 Source : NewsBharati  Date : 06-Sep-2017

Vladivostok, September 6: This is the first time when India-Russia business dialogue has been organized at the Eastern Economic Forum. External Affairs Minister Sushma Swaraj participated and gave an important speech in the dialogue. Indo-Russia relation has got another promising beginning for economic ties through this platform.

The partners for seven decades have identified trade and economic relation as most important. India invested 5.5 billion US dollars in the oil sector in Russia in last year. The largest Russian investment in India of 12.9 billion US dollars, which is also India’s largest FDI, was concluded last month in the oil sector between Rosneft and Essar.

Sushma Swaraj has shared her view that the knowledge gap between Indian and Russian business communities should be bridged.It is important to identify what actions the two governments should take to further facilitate investments and trade. We are already working on initiatives such as the Green Corridor, the International North-South Transport Corridor and Investment Promotion and Protection Agreement.

Greater trade, commerce, and investment with the Far East will help the two countries in achieving the target of 30 billion US dollars that have been set for bilateral trade by the year 2025.