Indian Commerce Minister Piyush Goyal and Russian Industry Minister Anton Alikhanov met at the India-Russia Business Forum to discuss elevating bilateral economic relations. Both nations are targeting $100 billion in trade and $50 billion in investments by 2030. Current trade stands at approximately $60 billion, necessitating consistent double-digit growth. Discussions emphasized shifting from basic trade to industrial production, with a focus on integrating Indian MSMEs into sectors like pharmaceuticals, chemicals, and automotive components. Connectivity projects, including the Chennai-Vladivostok Maritime Corridor, were highlighted as essential for logistics. Russian officials noted ongoing collaborations in manufacturing and aviation maintenance, while identifying future potential in microelectronics and digital technologies. Furthermore, the role of BRICS in fostering sustainable growth was underscored ahead of the upcoming summit in New Delhi, which will focus on resilience and innovation.
Source : Hindustan Times
Photo : Hindustan Times
Aussi couvert par : Livemint
