NEW DELHI, November 11. /TASS/. Representatives of Russia and India will sign six memorandums of understanding at the Russian-Indian business forum in Mumbai, Sergey Cheremin, a minister in the Moscow city government and director of the city’s foreign economic and international relations department, head of the Business council on cooperation with India, said at the forum.

"Six memorandums of understanding will be signed between Russian and Indian partners within today’s events," he said.

"This year, a very optimistic trend of further expansion of economic cooperation and growth of trade between our countries has been observed," Cheremin said. "A new impulse was given to strengthening of bilateral ties at the BRICS summit in Kazan where new initiatives, such as a joint investment platform, a mechanism of digital transactions, stock exchanges for various goods were announced," he added.