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Russia, India can bring growth of bilateral trade to $30 bln earlier than expected

October 05, 2018, 13:48 UTC+3 NEW DELHI

The talks in New Delhi focused on the whole range of issues of bilateral cooperation

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© Mikhail Metzel/TASS

NEW DELHI, October 5. /TASS/. Russia and India can reach the $30-bln bilateral trade target earlier than expected, President Vladimir Putin said following the talks with Indian Prime Minister Narendra Modi on Friday.

According to President Putin, both leaders are prioritizing the expansion of trade and investment cooperation between their two countries. "We set out to boost trade turnover to $30 bln by 2025 and mutual investments to $15 bln some time ago. In this regard, we were satisfied to note that last year mutual trade turnover went up by 21% exceeding $9 bln, and gained another 20% in seven months of this year. If we continue at this pace, not only will we meet the targets but we’ll reach them earlier than expected and (we will) continue onward," he emphasized.

The talks in New Delhi focused on the whole range of issues of bilateral cooperation, as well as relevant problems of the global and regional agenda, Putin said.

"As a result, a joint statement was adopted, which reflects almost all aspects of Russian-Indian cooperation and includes ambitious long-term plans. The set of interdepartmental and corporate documents that was just signed, was prepared for the visit and is aimed at the long-term expansion of bilateral ties in various areas," he noted.

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