The Ministry of Industry and Trade of the Republic of Tatarstan hosted an online meeting with Andrey Sobolev, Trade Representative of the Russian Federation in the Republic of India, under the leadership of German Lerner, Deputy Minister of Industry and Trade of Tatarstan. More than 30 Tatarstan companies took part in the meeting.
The main theses of the Trade Representative of the Russian Federation in India:
India is the country with the highest GDP growth, showing significant progress in the ease of doing business ranking year after year.
As part of attracting investments into the Indian economy, as well as supporting foreign companies intending to implement projects in the country, the Government of India has established an agency under the Ministry of Trade and Industry (https://www.investindia.gov.in /) "Invest India", which operates the Russia Desk department, which provides comprehensive support to Russian companies.
The top 10 areas that the Government of India pays attention to in policy development include automotive and automotive components, the chemical industry, the construction and infrastructure sector, electronic components and food production.
The trade turnover between Russia and India shows steady growth (especially in the area of mineral resources). The leaders of the countries have set a goal to achieve its value of $ 100 billion by 2030.
Promising areas for export development are energy, oil refining, metallurgy, mining, transport infrastructure and information technology.
There are more than 40 industrial zones and clusters in India.
Russian banks are actively operating in India and provide payments, including in national currencies.
In India, import duties and requirements for certification procedures apply to imported products, including from Russia.
When considering the localization of production in India, it is worth considering FEZs, including those of an industry nature.
India is a country of personal communication, participation in the largest industry exhibition and congress events is an effective way to establish business contacts.
The main theses of the Trade Representative of the Russian Federation in India:
India is the country with the highest GDP growth, showing significant progress in the ease of doing business ranking year after year.
As part of attracting investments into the Indian economy, as well as supporting foreign companies intending to implement projects in the country, the Government of India has established an agency under the Ministry of Trade and Industry (https://www.investindia.gov.in /) "Invest India", which operates the Russia Desk department, which provides comprehensive support to Russian companies.
The top 10 areas that the Government of India pays attention to in policy development include automotive and automotive components, the chemical industry, the construction and infrastructure sector, electronic components and food production.
The trade turnover between Russia and India shows steady growth (especially in the area of mineral resources). The leaders of the countries have set a goal to achieve its value of $ 100 billion by 2030.
Promising areas for export development are energy, oil refining, metallurgy, mining, transport infrastructure and information technology.
There are more than 40 industrial zones and clusters in India.
Russian banks are actively operating in India and provide payments, including in national currencies.
In India, import duties and requirements for certification procedures apply to imported products, including from Russia.
When considering the localization of production in India, it is worth considering FEZs, including those of an industry nature.
India is a country of personal communication, participation in the largest industry exhibition and congress events is an effective way to establish business contacts.