PM Modi and Russian President Vladimir Putin. REUTERS.
The commerce ties between India and Russia have strengthened over the previous few years. To accentuate the bond and widen the alternatives, Moscow has invited Indian corporations to put money into the nation because it has “great market” and can also be an entrance to the European market.
“We have great potential for bilateral trade in such fields as smart and safe cities and high-technology machinery. It is a great moment for Indian companies to come and invest in Russia. It is not because most Western companies have existed but we have a lot in common,” Minister of Moscow Sergey Cheremin was cited as saying by ANI on Wednesday.
Cheremin, who’s in India, additionally stated Moscow and New Delhi have had an ideal partnership for 75 years.
How Indian corporations’ funding in Russia will likely be helpful?
The bilateral commerce between India and Moscow has grown in latest occasions, Cheremin stated, including that extra funding will be initiated into the excessive expertise sector of each nations.
“We have great synergy because India is very advanced in software technology, ITs and cyber security, and that can bring synergy to both Moscow and New Delhi, or big metropolises, but all our citizens,” Cheremin elaborated.
He additional stated Russia is a “great market” and an “entrance’ to the European market”.
Cheremin, who’s the Head of the Division for Exterior Financial and Worldwide Relations of Moscow, launched Moscow’s pavilion on the thirty first Convergence India and ninth Good Cities India Expo.
“This is the first time we are participating in this event. We (Moscow) are one of the most dynamic cities. Recently, we were awarded by the United States Habitat as the number one city in the world for modernisation. This is because Moscow implemented digitalisation in all the municipal spheres. We use digital solutions in education and healthcare,” he stated.
The Good Cities India expo is a showcase of India’s rising modernisation and growing panorama. The expo showcases the combination of transformative applied sciences with the important thing pillars of city improvement.
With inputs from ANI