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Russia to Promote Far East Region Among India Inc.

Apr 18, 2019

An interactive meeting with delegates from the Ministry for the Development of the Russian Far East, Government of Russia was organised in MVIRDC World Trade Center (WTC) Mumbai in association with All India Association of Industries (AIAI) on April 18, 2019, to discuss the possibilities of investment from Indian businesses in oil, minerals, pharmaceuticals, paper industry, logistics and film production. Representatives from Bank for Development, Vnesheconombankm and Russian Export Center were also present.

‘Far Eastern Federal District of Russia’ is the largest of eight federal districts of Russia which lies within the easternmost part of Asia with the administrative center which is an economically developed District namely Vladivostok.

Mr. Aleksei V. Surovtsev, Consul General of the Russian Federation in Mumbai said, “We look forward to the support of Indian business to develop diamond, gold, silver, copper and coal mines as well as invite Indian film industry to the picturesque, Far Eastern Federal District of Russia.”

Ms. Alexandra Chernova, Director, Cooperation Division, Far East Investment and Export Agency said, “Later this year, Mr. Yury Trutnev, Hon’ble Deputy Prime Minister of Russia would be visiting India to explore cooperation among Indian business to develop this region. There is tremendous scope to develop joint mining projects as well as develop infrastructure and logistics projects.” “The delegation accompanying the Hon’ble Deputy Prime Minister of Russia will hold series of meetings with potential Indian partners and will have special meetings with film producers to promote film shooting and post production work”, she concluded. Ms. Chernova further requested MVIRDC WTC Mumbai and AlAI to organise meetings in Mumbai.

Mr. Vijay Kalantri, Vice Chairman, MVIRDC WTC Mumbai said, “There is huge potential to increase the trade to over USD 50 bn. in the next decade. Mining, Pharmaceuticals and bollywood film production are potential drivers for enhancing economic cooperation between India and Russia.”

In Photo:

From (L-R): Mr. Perminov Alexander, Chief Representative in India, Bank for Development, Vnesheconombank; Ms. Alexandra Chernova, Director, Cooperation Division, Far East Investment and Export Agency; Mr. Vijay Kalantri, Vice Chairman, MVIRDC World Trade Center Mumbai; Ms. Rupa Naik, Senior Director, MVIRDC World Trade Center Mumbai; Mr. Aleksei V. Surovtsev, Consul General of the Russian Federation in Mumbai; Ms. Khristina Boiko, Consul, Consulate General of the Russian Federation in Mumbai and Mr. Timur Vekilov, Chief Representative in India, Russian Export Center.