India-Russia trade poised to grow beyond defence and energy
The Dollar Business Bureau Vladimir Putin is expected to meet PM Narendra Modi tomorrow. Putin's visit to India comes at a time when Russia is facing several challenges including isolation over the Ukraine crisis and low oil prices Vladimir V. Putin, President, Russian Federation, will be in India to take part in the 15th Annual India-Russia Summit today, but his visit promises to be different this time, mainly due to the fast changing geo-political environment. Since the signing of the "Declaration of Strategic Partnership between India and the Russian Federation" in October 2000 in New Delhi, the two traditional friends, Russia and India, host annual summits between the Prime Minister of India and the President of the Russian Federation on ...
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 ...
Russia to increase imports of vegetables, meat and dairy products from India soon
The Dollar Business Bureau | @TheDollarBiz Russia is expected to increase imports of fruits, vegetables, meat and dairy products from India starting December 2014 under an agreement reached between Russia’s phytosanitary watchdog Rosselkhoznadzor and India’s Agricultural and Processed Food Products Export Development Authority (APEDA) this week. According to official sources in Russia, Sergey Dankvert, Head of the Rosselkhoznadzor, and Santosh Kumar Sarangi, Chairman, APEDA, have agreed to complete the quarantine and other certifications in two months, which will allow exports of Indian food products to Russia by December 2014. Meeting between officials of APEDA and Rosselkhoznadzor in Russia in September 2014 (Source - Rosselkhoznadzor) Russian veterinary experts are expected to arrive next month and may stay in India to control the production ...
USA, EU sanctions on Russia provide an opportunity for Indian exporters: FIEO
The Dollar Business Bureau | @TheDollarBiz Though India has lost share in several major export sectors to Russia in the last 10 years, the decision by USA and EU to impose sanctions on Russia may help open new avenues for Indian exporters, says M Rafeeque Ahmed, President, Federation of Indian Export Organisations (FIEO). Despite strong bilateral ties, trade between India and Russia remains stunted. According to the Ministry of Commerce, trade between the two countries stood at around $6 billion in FY2013-14, which is a fraction of India’s total annual trade of around $764 billion, and there are 33 countries with which India does more trade than Russia. M. Rafeeque Ahmed, President, FIEO The FIEO President says that this is mainly ...
