September 2019 \ News \ BILATERAL BUSINESS AND DIPLOMACY—INDIA AND RUSSIA
MOVING BEYOND DEFENCE - BUSINESS TO BE FOCUS OF INDO-RUSSIA TIES

Business is going to be the thrust area ...

By Ajay Kaul

The pacts signed during the visit included an MoU on bilateral cooperation in the road transport and road industry, plan for cooperation for combating customs violations in 2019-2022, MoU to cooperate in coking coal mining projects implementation in the Russian Far East, Cooperation Agreement between Invest India and the Russian Direct Investment Fund for Investment Collaboration, Cooperation agreement between the Federation of Indian Chambers of Commerce and Industry the Roscongress Foundation, MoU between the Federation of Indian Chambers of Commerce and Industry and the Autonomous Non-profit Organization Agency for Strategic Initiatives to promote New Projects. An agreement was also signed on Cooperation between Joint-Stock Company Rosgeologia and Srei Infrastructure Finance Limited. To convey India’s seriousness to avenues in Russia, Mr Modi referred to Commerce and Industry Ministry Piyush Goyal, who last month led a 150-member delegation, including four Chief Ministers, to the country and said it was a “unique” step. The delegation had met Governors of 11 provinces to discuss commercial opportunities and India is now expecting a return visit by these Governors.




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