Significant talks, several agreements, high level delegations! India-Russia sign sum of MoUs fostering mutual trade and economy

News Bharati    14-Aug-2019
New Delhi, August 14: Urging companies in both India and Russia to come together to discuss partnerships directly with:  each other and to come up with concrete project proposals, Commerce Minister Piyush Goyal led a high-power delegation with CM of Haryana, Gujarat, Uttar Pradesh and Goa and around 140 Indian companies in Russia from August 11-13.
The event was the result of collaboration between Invest India and Federation of Indian Chambers of Commerce and Industry on the Indian side, and the Far East Investment and Export Promotion Agency on the Russian side.
In the plenary session, MoUs were signed between regions of the Russian Far East and five states of India to expand and strengthen cooperation in the areas of trade, economy, investment, scientific and technical cooperation.
An MoU was also signed between Amity University and Far East Federal University to enhance relations and develop academic and cultural exchange in the areas of education and research.
Further another agreement was concluded on the establishment of the representative offices, the Centre for Yoga, and the Pushkin Centre for Russian Language and cultural studies. Meanwhile Russia’s Deputy Prime Minister, Yuri Trutnev and Piyush Goyal underlined the need to diversify and deepen trade links in priority sectors, in order to meet the trade target of USD 30 billion by 2025.
About 200 Russian companies, Investment Agencies and Funds took part from the Russian side. Companies interacted separately with identified partners in an expanded B2B format and established contacts for further deliberations.
This visit comes ahead of the 5th Eastern Economic Forum in September, during which Prime Minister Narendra Modi will be the guest of honour on his maiden visit to Vladivostok.