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12
February 2019
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India and Russia (The Total Investment & Insurance Solutions)
India and Russia have drawn up an ambitious
agenda to boost strategic partnership through joint efforts at various economic
fora in 2019. Advisor to the President of the Russian Federation Anton Kobyakov
and Ambassador of India to Russia Venkatesh Varma recently met in Moscow and
discussed the participation of representatives of India in major Russian
business events as a driver in strengthening strategic partnership.
This meeting was in backdrop of yet another
leadership level contact between the two sides. On January 7, in a telephone
conversation, President of the Russia Vladimir Putin invited Prime Minister
Narendra Modias the main guest of the Eastern Economic Forum in Vladivostok to
be held between Sep 4–6 2019. “We look forward to the visit of Prime Minister
of India to the largest forum in the Asia-Pacific region and hope that this
will break new ground of trade and investment cooperation between our countries
in the Far East. I am confident that the extensive highest level participation
of India in the event can significantly contribute to the achievement of the
ambitious objectives announced by Prime Minister of India: to bring the trade
turnover between Russia and India to $30 billion by 2025,” said Kobyakov.
“We
also hope that the initiatives of India, articulated during first Russia–India
Strategic Economic Dialogue, will be pursued as national programmes and
projects in our countries. For example, in digitalization we’re talking about
the signing of an agreement between the Ministry of Commerce and Industry of
India and the Ministry of Economic Development of Russia,” he added. During the
meeting, Russian representatives spoke about organising a national stand of
India at the EEF 2019 exhibition space for a general presentation of the
economic, industrial, tourism and cultural potential of the country to the
Forum participants. Additionally, in order to strengthen interregional
cooperation, the Russian side offered assistance in organising and holding the
meeting of Prime Minister of India with the heads of the Far East regions,
since it has already become a traditional part of Prime Minister’s visit to
Russia.
“I attended several events organised by the
Roscongress Foundation and I know for a fact that all of them are world-class
gatherings offering strong expert opinions and international discussions. Thus,
the Indian side seeks to attend each event with a representative delegation
from both Government and business. The SPIEF and EEF dates are always on our calendars,
and I believe every year we step up our presence at Russian major business forums. This year we are looking
forward to attending the ‘Arctic: Territory of Dialogue’ International Arctic
Forum since we recognise Russia’s aspiration to consolidate development issues
between the Far East and the Arctic.
We are quite interested in this topic. Our
representatives will also attend the Russian Investment Forum in Sochi next
week and of course the St. Petersburg International Economic Forum with the
Delegation comprising of business representatives and Government of the
Republic of India,” said Ambassador Varma. Both sides noted the efficiency of
interaction between the Confederation of Indian Industry and the Roscongress
Foundation; raised issues on the ‘I Love Russia’ Forum-Exhibition scheduled for
May 2019 in Mumbai under the initiative of the Confederation of Indian Industry
together with The Times Group, and also discussed the possibility of holding
Russia–India events in Davos in 2020. The
Total Investment & Insurance Solutions
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