Search engine Yandex denies transfer of Ukrainians' personal data to Russian intelligenceWorld May 30, 0:11
At least 137 people injured in Moscow storm — sourceWorld May 30, 0:05
Ukraine's security service accuses search engine Yandex of leaking personal info to MoscowWorld May 30, 0:03
Kamaz to supply at least 1,000 trucks to Philippines by 2020Business & Economy May 29, 21:49
Moscow ready to offer clarifications over incident with Montenegrin MPRussian Politics & Diplomacy May 29, 21:09
Moscow mayor says Monday's hurricane in Moscow 'unprecedented'Society & Culture May 29, 20:56
Moldovan president slams government’s decision to expel Russian diplomatsWorld May 29, 20:52
Macron lashes out at Russian news agency Sputnik, RT channel over campaign coverageWorld May 29, 20:11
Macron says no international problem can be solved without RussiaWorld May 29, 19:51
NEW DEHLI, December 16. /ITAR-TASS/. Mutual trade volume between Russia and India should reach $30-35 billion in the near future, the president of the Federation of Indian Export Organizations (FIEO), Rafeeque Ahmed, told Itar-Tass Monday.
He believes Russia is a very promising market for India. Mutual trade of $20 billion, to be achieved by 2015 against the current $12 billion, was not a large amount, he added, and the target of $30-35 billion was an easily achievable goal.
The financier believes the two countries are to take steps for the sake of better understanding of each other’s markets; they need a dialogue between both countries’ trade delegations at each other’s exhibitions. He added that several items of exports could be chosen and then built up from. For instance, he mentioned India’s well-developed textile industry. Exporters might be dispatched to Russia to see on sight what Russian customers needed the most, to identify bottlenecks in relations between suppliers and buyers and eliminate them.
According to Rafeeque Ahmed, nuclear power was among the planks of future bilateral cooperation. As soon as the first energy unit of the Kudankulam nuclear power plant has been launched, Russia might take part in the construction of more energy units in India, he believes.
The Federation of Indian Export Organizations was set up 1965 at the initiative of the Indian Ministry of Commerce and Industry. Its facilities account for about 70% of India’s external trade.