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India to focus on deepening investment ties with Russia — official

Singh Bhatia said the India-Russia Working Group on Priority Investment Projects has emerged as an important institutional mechanism for identifying, facilitating and monitoring strategic investments between our two countries

NEW DELHI, July 3. /TASS/. India and Russia boast a significant potential in the mutual investments sphere that has not been utilized in full and New Delhi is going to focus on deepening investment ties, Amardeep Singh Bhatia, the Secretary of the Department for Promotion of Industry and Internal Trade with the Indian Ministry of Commerce and Industry told TASS before his visit to Russia.

"While substantial progress has been made on the trade front, we believe there remains significant untapped potential in investment cooperation. The India-Russia Working Group on Priority Investment Projects has emerged as an important institutional mechanism for identifying, facilitating and monitoring strategic investments between our two countries," Bhatia said.

"We are witnessing growing cooperation across manufacturing, mining, transportation, chemicals, healthcare, critical minerals, advanced technologies and digital solutions. Going forward, our focus will be on translating strong trade relations into deeper investment partnerships, fostering technology collaboration, strengthening industrial linkages and contributing towards the shared objectives set by the leadership of both countries," he stressed.

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