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Russian companies see India as base for setting up IT teams — Indian minister

Vaishnaw added that there are many areas for mutually beneficial cooperation between the two countries in the IT sector

ST. PETERSBURG, June 21. /TASS/. Many Russian companies are considering India as a base for creating their IT teams, Railways, Communications, Electronics and Information Technology Minister Ashwini Vaishnaw told TASS in an interview on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

"A lot of Russian companies are now looking at India as a base for setting up IT teams. For example, Sberbank. They are setting up a base in Bengaluru. So a lot of opportunities are there for collaborating," the minister said.

Vaishnaw added that there are many areas for mutually beneficial cooperation between the two countries in the IT sector.

"There are multiple areas for collaboration in IT. Of course, cybersecurity is one area where Russia has a lot of strengths. We can learn from each other. India has strengths in AI, IT systems management, and IT system programming. So both countries can really collaborate and learn from each other and to achieve a win-win solution for both," he emphasized.

The St. Petersburg International Economic Forum (SPIEF) is taking place on June 18-21. This year, the event is being held under the theme "Shared Values: The Foundation of Growth in a Multipolar World." Thematic zones such as the ‘Territory of Innovations’ and the national brand space ‘Buy Russian!’ are operating at the Forum.

The program includes the SME Forum, the Creative Industries Forum, the Day of the Future International Youth Economic Forum, the Drug Security Forum, and the Roscongress Urban Hub discussion platform. As part of the cultural program, the Petersburg Seasons festival is being held, and the SPIEF Sports Games is taking place.

The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its information partner.

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