Russian firms taking renewed interest in India

St. Petersburg, June 18 (IANS) Russian companies are showing renewed interest in doing business with India following the visit of President Vladimir Putin to the country in December last year, a Russian minister said on Wednesday.

Russia’s Deputy Minister of Economic Development Aleksander Tsybulskiy stressed this in his speech at a business roundtable titled “Russia-India: Mutual Investment Opportunities” during the St. Petersburg International Economic Forum (SPIEF).

The Conefederation of Indian Industry (CII) has organised a CEOs’ delegation to SPIEF, chamber president Sumit Mazumder leading the Indian businesses.

“Indian companies could look at Russia as a production base and Russian companies in turn could take advantage of India’s R&D prowess,” Mazumder said at the roundtable.

Leading Indian corporates such as L&T, Exim Bank, Sun Group and Essar as well as Russian corporates Glonass, Sistema and United Aircraft Corporation highlighted their experience of working in each other’s countries.

Russian officials are in talks with their Indian counterparts to help the country set up high-speed railways projects, a top railway official said here.

Vladimir Yakunin, president of Russian Railways, said they were keen to tie up with Indian Railways for the planned high-speed rail links, as the country has expertise in this area.

Talking to journalists on the sidelines of the forum, Yakunin said that Russia and India had a relationship in technological matters, both defence and civilian, and this is likely to continue in the future.

Yakunin said earlier he himself held discussion at top level with Indian politicians and officials on improving the signalling and safety infrastructure in India, so that the accidents happening on the Indian Railways network could be avoided.

Commerce Minister Nirmala Sitharaman is leading the Indian delegation to the SPIEF 2015, being held between June 18-20.

Leave a Reply

Please enter your comment!

The opinions, views, and thoughts expressed by the readers and those providing comments are theirs alone and do not reflect the opinions of www.mangalorean.com or any employee thereof. www.mangalorean.com is not responsible for the accuracy of any of the information supplied by the readers. Responsibility for the content of comments belongs to the commenter alone.  

We request the readers to refrain from posting defamatory, inflammatory comments and not indulge in personal attacks. However, it is obligatory on the part of www.mangalorean.com to provide the IP address and other details of senders of such comments to the concerned authorities upon their request.

Hence we request all our readers to help us to delete comments that do not follow these guidelines by informing us at  info@mangalorean.com. Lets work together to keep the comments clean and worthful, thereby make a difference in the community.

Please enter your name here