India, Russia agree on six new strategic projects to boost bilateral investment cooperation

ANI April 10, 2025 208 views

India and Russia have strengthened their economic relationship by agreeing to six new strategic investment projects during an important bilateral forum. The meeting, co-chaired by senior officials from both countries, highlighted the ongoing commitment to deepening economic ties. The India-Russia Investment Forum saw participation from over 80 businesses and organizations across various sectors. This development underscores the long-standing strategic partnership between the two nations, which has been evolving since the early 2000s.

"India-Russia ties have acquired a qualitatively new character" - Official Statement
New Delhi, April 10: India and Russia have agreed on six new strategic projects aimed at enhancing bilateral investment cooperation during the 8th Session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP), as per a press release.

Key Points

1

India-Russia sign protocol for six strategic investment projects

2

Over 80 businesses participate in bilateral investment forum

3

Strengthening economic partnership across multiple sectors

4

Reaffirming longstanding strategic cooperation

The session that was held in the national capital on Wednesday was conducted under the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological, and Cultural Cooperation and focused on advancing collaborative projects in sectors of mutual interest. The co-chairs of the session signed a protocol highlighting these projects and reviewed the outcomes of the previous 7th session.

India and Russia discussed initiatives to strengthen economic ties and affirmed their commitment to expanding investment collaboration.

The session was followed by the 2nd Edition of the India-Russia Investment Forum, organised in collaboration with Invest India, the Indian Chamber of Commerce (ICC), and the Ministry of Economic Development of the Russian Federation, the release stated.

The forum saw active participation from over 80 businesses, including entrepreneurs, financial institutions, cargo companies, business chambers, and officials from both countries.

The session was co-chaired by Amardeep Singh Bhatia, Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, from India, and Vladimir Ilichev, Deputy Minister of the Ministry for Economic Development of the Russian Federation, from Russia.

Both sides reiterated the importance of continued cooperation in investment and trade to strengthen their economic partnership.

Russia has been a longstanding and time-tested partner for India. The development of India-Russia relations has been a key pillar of India's foreign policy. Since the signing of the "Declaration on the India-Russia Strategic Partnership" in October 2000 (during the visit of President Putin), India-Russia ties have acquired a qualitatively new character with enhanced levels of cooperation in almost all areas, including political, security, defence, trade and economy, science & technology, culture, and people-to-people ties. During the visit of the Russian President to India in December 2010, the Strategic Partnership was elevated to the level of "Special and Privileged Strategic Partnership.

Reader Comments

P
Priya K.
This is great news! Stronger economic ties with Russia will help diversify our trade partnerships. The 80+ businesses participating shows real interest from both sides. 🇮🇳🤝🇷🇺
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Rahul S.
While I appreciate the strategic partnership, I hope we maintain transparency about these projects. The article mentions six projects but doesn't specify what sectors they're in. More details would be helpful.
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Anjali M.
Russia has been a reliable partner for decades. This expansion into new strategic projects makes perfect sense, especially in today's geopolitical climate. Hope to see some tech collaborations!
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Vikram P.
The India-Russia Investment Forum sounds promising. More economic cooperation means more jobs and opportunities for both countries. Wonder if this will include energy sector partnerships too?
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Sanjay D.
Interesting development. I remember when this partnership was first signed in 2000 - it's come a long way since then. The "Special and Privileged" status shows how important this relationship is.
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Neha R.
Hope these new projects include sustainable development initiatives! Would love to see clean energy collaborations between our countries. The forum participation numbers are impressive though!

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Tags:
India-Russia Relations Strategic Partnership Investment Cooperation Economic Diplomacy Bilateral Trade
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