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EASTERN ECONOMIC FORUM

Mutual investment between Russia and India could grow by $15 bln

At the same time, the economy minister noted that the range of Russian-Indian investments should be expanded

MOSCOW, September 4. /TASS/. Russia and India plan to increase trade between the countries from $11 to $30 bln by 2025, the volume of mutual investments could grow by $15 billion, Russia’s Minister of Economic Development and Trade Maxim Oreshkin said in an interview with Rossiya 24 TV channel within the Eastern Economic Forum (EEF-2019).

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"From the point of view of the targets that we will achieve - $30 bln turnover, this is not only trade, but also mutual investment. We are talking about $15 bln of additional investments that will come from India to Russia and from Russia to India," he said.

At the same time, Oreshkin noted that the range of Russian-Indian investments should be expanded, investments from Russia should come not only in the sphere of oil refining in India. "Right now there are significant Russian investments in India, but they are essentially concentrated in one industry - oil refining. We are talking about the need to expand the range of investments," he said.

With the participation of Indian capital, five investment projects are being implemented. The estimated volume of investment is over 53 bln rubles ($798.05 mln).

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China’s Russian oil imports rise by 13% in first quarter of 2024 — customs

In monetary terms, Russian oil exports to China increased by 17.9% to $13.858 bln in the first quarter of the year

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Russia’s defense chief inspects production of tanks, flamethrowers at Siberian enterprise

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Moscow demands international organizations condemn killing of Russian war correspondent

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The process is largely driven by increasing contribution of developing countries, Alexey Overchuk said

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Polish premier refuses to hand over his country’s Patriot systems to Ukraine

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Russian instructors help train over 10,000 Central African troops — CAR president

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Ukrainian trace obvious in Crocus City Hall attack — Russian prosecutor general

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US 'not forgetting' to help itself with aid to Ukraine — Kremlin

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West close to sending military to Ukraine, this would 'drag Europe to bottom' — Orban

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Air defenses repel Ukrainian drone attack in Russia’s Smolensk Region — governor

Vasily Anokhin urged local residents to remain calm and refrain from filming air defenses in operation.

Russian military base may appear in CAR’s eastern region — President Touadera

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BRICS’ expansion makes it much stronger — senior Russian diplomat

Egypt, Iran, the United Arab Emirates, Saudi Arabia, and Ethiopia, became full-fledged members of BRICS from January 1, 2024

KazMunayGas, Sibur, Sinopec sign protocol on plant construction in Kazakhstan

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US volunteer Russel Bentley missing in Donetsk killed — RT editor-in-chief

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