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Need to enhance investment with Russian Far East to achieve $30 bn trade: Swaraj

The Dollar Business Bureau  External Affairs Minister Sushma Swaraj said on Tuesday that there is a need to enhance trade, investment and commerce with the extreme eastern parts of Russia or Russian Far East in order to achieve the $30 billion target, set for bilateral trade between the two countries, by 2025.  “The Russian Far East is one of the richest regions in the world and India is among the fastest growing large economies of the world. There is lot that can be done together. When other markets are closing, we need to find new ones and create virtuous cycles of investment. Investment is in the ultimate analysis an act of faith,” Sushma said, while speaking at the India-Russia Business Dialogue at the Eastern Economic Forum ...

India, Morocco open Chamber of Commerce & Industry

The Dollar Business Bureau India-Morocco Chamber of Commerce and Industry (IMCCI) was jointly inaugurated by Vice President of India Hamid Ansari and Prime Minister of Morocco Abdelilah Benkirane. The new chamber is established to boost the trade between India and Morocco. It would also help in strengthening the economic development of both the countries. Hamid Ansari said that a chamber was not established till now, as the countries had taken things for granted. But, the world is transforming into globalisation these days. Countries need industry bodies like the IMCCI. The IMCCI acts as a testimony to the rising significance of the commercial ties between the two countries. It should focus on the trade requirements of both the countries, he added. According to an official ...

Russia's Deputy PM promises to remove red tape for Indian businesses, exports

The Dollar Business Bureau | @TheDollarBiz Russia has acknowledged that red tape and bureaucracy are hurdles in improving trade ties with India and has promised to assist Indian businessmen in helping expand their presence in Russia. Dmitry Rogozin, Deputy Prime Minister of the Russian Federation (Pic. Source - Russian Government) Speaking at the 8th India-Russia Forum on Trade and Investment in New Delhi today, Dmitry Rogozin, Deputy Prime Minister of the Russian Federation, said that the “Make in India” programme is a patriotic move and added that there is scope to improve cooperation between the two countries in manufacturing, particularly in the small and medium enterprises segment. Rogozin also said that the Russian government will take all necessary steps to help ...

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