Crimea: Key to Accelerate India-Russia Trade

An interactive programme on ‘Doing Business with Republic of Crimea, Russia Federation’ was organised jointly by MVIRDC World Trade Center Mumbai and All India Association of Industries in association with Consulate General of Russia in Mumbai and Southern Regional Export Support at WTC Mumbai. Mr. Georgy Muradov - Deputy Chairman of the Council of Ministers of the Republic of Crimea - Permanent Representative of the Republic of Crimea to the President of the Russian Federation in a Keynote Address said, “Since last few years, Republic of Crimea is one the Russian largest tourist hubs. The rapid infrastructure growth with social and economic development and the establishment of the innovative and investment-attractive economy has made it an important growth region of Russia. Its strategic location in the black sea can help India to accelerate bilateral trade with Russia.”

Chief Guest, Ms. Irina Kiviko - Deputy Chairman of the Council of Ministers - Minister of Finance of the Republic of Crimea said, “The Government of Crimea is offering multiple incentives. These include huge land tax and income tax benefits. Additionally, the thrust on start-ups and SMEs have helped the economy to grow rapidly.” She invited Indian businesses to establish their business operations in the Free Economic Zone to take advantage of Crimea’s progressive economic policies.

Ms. Natalia Serova, Director of Southern Regional Export Support said, “The establishment of three Indian tourist-friendly hotels is an important step to boost tourism from India. Our Government provides special incentives to women entrepreneurs.” She said apart from tourism the Government of Crimea has put a special thrust on pharmaceutical, heavy industries and logistics sectors.

Mr. Aleksei Vladimirovich Surovtsev - Consul General of Russian Federation in Mumbai said, “Republic of Crimea’s focus on tourism, bollywood, water supply and education in addition to the evergreen bollywood holds key to enhance bilateral trade between Russia and India.”

Mr. Vijay Kalantri, Vice Chairman, MVIRDC World Trade Center Mumbai said, “Natural resources, minerals, tourism, bollywood, specialised manufacturing and petro-chemicals hold the key to help both countries to achieve USD 25 billion in next three years.” He urged Hon’ble Minister and the Government of Crimea to offer tax incentives and special packages to promote Indian film shoots in Crimea.

In Photo:

(L – R): Ms. Rupa Naik, Ms. Natalia Serova, Ms. Irina Kiviko, Mr. Vijay Kalantri, Mr. Georgy Muradov and Mr. Aleksei Vladimirovich Surovtsev.