Interviews
Next India-Russia Forum to be held in 2009
14 Feb '08
3 min read
The next meeting of the Forum would be held in 2009 or earlier in Russia on a mutually agreed date. India's export to Russia was US $ 1.10 billion in 2006-07 while its import was US$ 2.99 billion.
India has received FDI of US$ 94.0 million from Russia so far. Some of the sectors attracting FDI from Russia are chemicals, telecommunications, trading and consultancy services. Indian approved investment in Russia, on the other hand, amounts to US $ 2839.6 million up to March, 2007.
The opening session of the Forum was convened on 12th February 2008 wherein, besides the two Ministers co-chairing the event, Russian Prime Minister Mr. Victor A. Zubkov also attended the session.
Shri Ajay Shankar, Secretary, Department of Industrial Policy & Promotion, Shri G.K. Pillai, Secretary, Department of Commerce, along with representatives of CII and FICCI also addressed the delegates.
The presentations and speakers of the Russian side included among others Mr. V. Fadeyev, Chairman of the Board of Directors of Business Council of Cooperation with India, Mr. German Gref, President, Chairman of the Board of Directors, JSC Sberbank of Russia and Mr. Aleksand Kogoin, Minister for Industry and Trade of the Tatarstan Republic. Shri Nath and Mrs. Nabiullina discussed the steps required for realizing the outcome of the meet.
On the second day of the Forum held on 13th February 2008, four parallel sessions were held on sectors of mutual interest such as mines and minerals, energy & power, transport & infrastructure including inland waterways, ports, railways construction, civil aviation & automobiles, pharmaceuticals, biotechnology, IT, chemicals, Telecom and High Technology.
A session on business environment, financial services and commodities, co-chaired by Shri G.K. Pillai from the Indian side, also took place on 12th February 2008.
The India-Russia Forum on Trade & Investment was set up on 16th March 2006 through the signing of a Joint Communiqué between the Ministry of Commerce & Industry of India and the Ministry of Economic Development & Trade of the Russian Federation.
It was felt that there is a need to strive for stable development of Indo-Russian trade, economic and investment cooperation.
India has received FDI of US$ 94.0 million from Russia so far. Some of the sectors attracting FDI from Russia are chemicals, telecommunications, trading and consultancy services. Indian approved investment in Russia, on the other hand, amounts to US $ 2839.6 million up to March, 2007.
The opening session of the Forum was convened on 12th February 2008 wherein, besides the two Ministers co-chairing the event, Russian Prime Minister Mr. Victor A. Zubkov also attended the session.
Shri Ajay Shankar, Secretary, Department of Industrial Policy & Promotion, Shri G.K. Pillai, Secretary, Department of Commerce, along with representatives of CII and FICCI also addressed the delegates.
The presentations and speakers of the Russian side included among others Mr. V. Fadeyev, Chairman of the Board of Directors of Business Council of Cooperation with India, Mr. German Gref, President, Chairman of the Board of Directors, JSC Sberbank of Russia and Mr. Aleksand Kogoin, Minister for Industry and Trade of the Tatarstan Republic. Shri Nath and Mrs. Nabiullina discussed the steps required for realizing the outcome of the meet.
On the second day of the Forum held on 13th February 2008, four parallel sessions were held on sectors of mutual interest such as mines and minerals, energy & power, transport & infrastructure including inland waterways, ports, railways construction, civil aviation & automobiles, pharmaceuticals, biotechnology, IT, chemicals, Telecom and High Technology.
A session on business environment, financial services and commodities, co-chaired by Shri G.K. Pillai from the Indian side, also took place on 12th February 2008.
The India-Russia Forum on Trade & Investment was set up on 16th March 2006 through the signing of a Joint Communiqué between the Ministry of Commerce & Industry of India and the Ministry of Economic Development & Trade of the Russian Federation.
It was felt that there is a need to strive for stable development of Indo-Russian trade, economic and investment cooperation.
Press Information Bureau Government of India
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