MOSCOW, December 28. /TASS/. The task of Russia and India is to boost mutual trade turnover over three-fold from the current $8-10 bln to $30 bln by 2025, Vice President of the Russian Chamber of Commerce and Industry Vladimir Padalko told TASS.
"According to Russia’s Federal Customs Service, the trade turnover between Russia and India has been hovering between $8 bln and $10 bln over the past several years. Machines and equipment, mineral commodities, oil and oil refining products, precious stones and metals account for the bulk of Russian exports," he said. "Heads of Russia and India have set a reasonable task of bringing the trade turnover between the two countries to $30 bln, and mutual investments to $15 bln by 2025," he said.
Padalko considers it possible to expand Russia’s exports to India, particularly by increasing supplies of energy, transport, metals and mining equipment, brown goods, water purification and waste incineration equipment, oil, gas and coal, ferrous and non-ferrous metals, timber and newsprint, chemical products and fertilizers.
"Agriculture equipment, equipment for processing agriculture products can be considered one of promising items of Russian exports to India," he added.
Vice President also noted that it is necessary to devote special attention to transregional ties in expansion of trade relations with India.