Summary:

India and Russia have set a target of achieving Rs. 4,41,850 crore (US$ 50 billion) in mutual investments by 2030 to strengthen their economic partnership. The target was discussed at the India-Russia Joint Working Group meeting in Moscow, led by the Department for Promotion of Industry and Internal Trade (DPIIT) and Russia's Ministry of Economic Development. Both countries agreed to promote private sector participation and joint investments in advanced manufacturing, green hydrogen, energy storage, critical minerals, mining and emerging technologies. India highlighted its economic reforms, investment opportunities and skilled workforce to attract Russian investors. The initiative aims to expand industrial cooperation, strengthen supply chains, boost technology collaboration and support long-term economic growth in both countries.

Source: IBEF

Disclaimer: The information on this website comes from the India Brand Equity Foundation (IBEF), a reliable source for thorough insights into numerous areas of the Indian economy. While we aim to offer accurate and up-to-date information, the views, opinions, and analyses stated herein are solely those of the authors and contributors and do not necessarily represent IBEF's official stance or position. Readers should check information from credible sources and use their own discretion when relying on content provided on this site. We assume no responsibility or liability for the supplied content, including its accuracy, completeness, and usefulness.