SME Times News Bureau | 14 Sep, 2018
Commerce Minister Suresh Prabhu recently met
top Russian business leaders and industrialists and invited them to take
India-Russia bilateral trade to a new level.
During his visit to Russia, Prabhu addressed
top CEOs at a reception of the All-Russia Business Association "Delovaya
Rossiya" (Business Russia), which is a Union of next-generation Russian
entrepreneurs operating mainly in the non-commodity and processing sectors.
He spoke about the immense growth potential
in the business ties of the two countries and the way to forge new partnerships
between Indian and Russian businesses.
The Minister also held bilateral meeting with
Yury Trutnev, Deputy Prime Minister of Russia. Discussions took place on areas
of cooperation between India and Russia to strengthen bilateral ties for
The Minister also interacted with the
Governors, Vice-Governorsss and Representatives of the Russian Far East Regions
of Primorye, Yakutia, Sakhalin, Amur, Magadan, Kamchatka, and Khabarovsk.
Discussions were held on possibilities of mutual cooperation in sectors like
mining, agriculture and tourism.
He invited the Governors of the Far East
Regions to lead business delegations to India and explore partnerships with
Prabhu also held discussions on enhancing
bilateral trade and investment between India and Russia with Denis Manturov,
Minister of Industry and Trade of the Russian Federation and Aysen Nikolayev,
Governor of the Sakha Republic.
Suresh Prabhu met with Maxim Oreshkin,
Minister for Economic Development of the Russian Federation. The two sides held
talks about further strengthening economic ties between India and Russia and
the way forward in developing synergies for mutual growth.
On the last day of the three-day
visit, the Commerce Minister participated in the session of “Timber in the
Russian Far East: Increasing the Industries Economic Returns”.
Discussions were held on how to explore
possibilities of working together for mutual benefit through this resource in a
India is one of the world’s largest importers
of timber having imported over 3 mn cubic meters of topical logs in 2016 and
346,000 cubic meters of tropical veneer.