Nirmala Sitharaman to lead Indian delegation to St. Petersburg

New Delhi, June 16 (IANS) Commerce Minister Nirmala Sitharaman will lead an Indian delegation for the St. Petersburg International Economic Forum (SPIEF) 2015, to be held at St. Petersburg between June 18-20, a Confederation of Indian Industry (CII) statement said.

She will address the Russia-India Business Roundtable, where Alexey Ulyukaev, minister for economic development of the Russian Federation, will also be a speaker.

The CII will send a CEOs delegation representing leading Indian businesses at SPIEF and at the India-Russia Business Roundtable.

The business delegation will be led by CII president Sumit Mazumder. The members will also participate in the B20 Turkey Regional Consultation Forum.

India has invested a cumulative $8 billion in Russia, primarily in energy sector, while Russia has brought in $4 billion into India.

“Russian capabilities in infrastructure are well respected, and we would like Russian companies to participate in the Indian tender system for public-private partnerships,” CII director general Chandrajit Banerjee said.

“However, we need to address issues of information gaps through the India-Russia Business Roundtable,” he added.

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