india-russia Our friendship is continually reaching new heights. The latest example of this is the continued increase in trade between the two countries. Let us tell you that bilateral trade between India and Russia reached a record high of $66 billion in 2024, which is a five-fold increase in the last five years. A Russian diplomat gave this information on Wednesday. He said there has been a nine per cent increase in the first eight months of this year. Consul General of Russia in Kolkata Maxim V. Kozlov said Russia and India are moving towards achieving the ambitious trade goal of $100 billion by 2030, which will be strengthened through expanded cooperation and various opportunities commercials.
Preparation to increase investment in both countries
Kozlov, speaking at an interactive session with members of the Indian Chamber of Commerce (BCC) in Kolkata, said recent talks between the two countries on the possibilities of diversifying the business sector and increasing the volume of investment in various sectors will lead to an investment of Rs 100 billion by 2030. The dollar target is achievable. He said India and Russia are more than strategic partners; We will be friends forever. Our relationship is based on mutual trust and shared interests, making the growth of our economic relationships natural and sustainable. Key sectors identified for further cooperation include railways, pharmaceuticals, information technology (IT), aviation and cybersecurity.
He also highlighted emerging opportunities.
Officials present at the meeting also highlighted emerging opportunities for Indian industries in Russia, especially after the withdrawal of Western brands following the Ukraine conflict. Kozlov also highlighted the need to deepen cooperation in areas such as artificial intelligence (AI), robotics, urban development and critical metals such as lithium, cobalt and nickel, which are essential for next-generation industries, said the BCC in the statement.
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