Economic Engagement & Business Opportunities in Russia Post COVID-19

A webinar on “Economic Engagement & Business Opportunities in Russia Post COVID-19”, was organized by MIICCIA on December 9, 2020. Relations between India and Russia are rooted in history, mutual trust and mutually beneficial cooperation.  This is a strategic partnership that has withstood the test of time, and which enjoys the support of the people of both countries. Mr. Tribhuvan Darbari, MD & CEO – Texmaco Defence Systems Private Limited (TDSPL); Chief Executive – Texmaco Rail and Engineering Limited (TREL) attended the webinar. H.E. the Russian Ambassador to India Mr. Nikolay R. Kudahsev addressed the event. Talking about the Indo-Russian relationship, he said, “The fact is that relations between our two friendly nations are limitless, and they remain trusted, strong and coherent despite the current global turbulence, while challenges open new opportunities for cooperation.

The year 2020 is indeed remarkable – our strategic partnership crossed the 20th anniversary. Jointly we participated in many international events dedicated to the 75th anniversary of the end of the Second World War and the establishment of the United Nations. It is a clear reflection that our positions on global affairs are similar or coinciding – we stand for the central role of the UN and international law, collective approach to the issues of peace and security, unacceptability of unilateral sanctions and economic pressure, promotion of an inclusive and unified agenda.”

He further added, “In this regard, we highly appreciate the visit of Defence Minister Rajnath Singh to Moscow this June to participate in the events dedicated to the Victory in the Great Patriotic War (1941-1945) and to lead the Indian Armed Forces 3-services contingent for the Red Square parade.

Our countries promote just and equal multipolar world order with a greater role of major developing countries and emerging economies in global governance. That also includes the consistent Russian support to the permanent membership of India in the UN Security Council. India’s joining this body as a non-permanent member in 2021-2022 will provide new opportunities for international coordination.

Together with India and other partners, we successfully promoted multilateral cooperation in the SCO and BRICS under the Russian chairmanship this year.”

Talking about the relations between India and Russia, Mr. TS Darbari said that both the countries have institutionalized dialogue mechanisms that report to two leaderships. These are the Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC), co-chaired by the External Affairs Minister of India and the Deputy Prime Minister of Russia and the Inter-Governmental Commission on Military and Military-Technical Cooperation (IRIGC-MTC) co-chaired by the Defense Ministers of both countries. These meetings identify priorities and review cooperation on a regular basis and are key platforms to take our cooperation forward.

Mr. TS Darbari also added that the defence facet of the relationship is one of the strongest pillars of the India-Russia relationship and has withstood the test of time. India and Russia have several ongoing cooperation activities in the areas of space, science and technology, education and research.

Read the full article here: Economic Engagement & Business Opportunities in Russia Post COVID-19

Prospects of India-Russia Trade Relations Bright in Post-Covid Era