Russia, India to boost economic engagement

16 Feb 2010

1

Russia has sought increased interaction between Indian pharmaceutical companies and their Russian counterparts in order to take forward the "strategic relationship" between the two countries.

Russian deputy prime minister Sergei Sobyanin
Speaking at a meeting with commerce and industry minister Anand Sharma in New Delhi today, Russian deputy prime minister Sergei Sobyanin and minister for industry and trade Victor Khrihtenko evinced keen interest in Indian companies setting up joint ventures in that country.

In his speech, Sharma highlighted that the Indian pharma sector, especially in the generic area, is strong. Pharmaceuticals also comprise bulk of India's exports to Russia.

"Our pharma sector companies are already engaged with Russia and more and more companies are looking forward to having joint ventures with their Russian counterparts", Sharma said.

The two countries also decided to take their "strategic relationship" forward and expressed confidence that bilateral trade and cooperation in other areas will continue to register healthy growth.

The two countries already have ongoing cooperation in areas such as space, metallurgy and fertilisers and expects to enhance engagement in these areas and further boost bilateral cooperation.

Business History Videos

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more