Vladimir Ulakhovich, Chairman, Belarusian Chamber of Commerce and Industry, said there should be active interaction between business communities of India and Belarus to augment trade and investment. “Continuous dialogue and the support from the two governments to the business community would help in taking the bilateral trade and investment to the next level,” Ulakhovich added. India and Belarusian organisations exchanged 11 MoUs at the forum, including “Agreement on Basic Conditions” between Glorincor LLC and Biocon, and Belarus’ Ministry of

Health, Glorincor LLC and Cadila Healthcare, FICCI said in a statement.
“India-Belarus bilateral trade stood at $210 million in 2016-17 and the two countries have set a target of $1 billion by 2020,” the statement added. “Thus, industry is of the view that it is time to elevate India-Belarus relations to a higher trajectory by building on the enormous potential in trade and investment, defence cooperation, science and technology as well as educational and academic linkages.”