India-Russia business talks
India is keen to jointly develop coal fields and iron ore mines in Russia to bolster bilateral trade and economic ties.
Similarly, Russia is ready to participate in the “Make in India” program in order to develop technological and production capabilities of the Indian side in this field and potential supplies of the jointly produced equipment to third countries.
Delegates from both countries expressed their interests at the India-Russia Working Group on Modernization and Industrial Cooperation at the 5th meeting held in New Delhi on August 18, 2016.
“The Russian side reconfirmed their interest in receiving information about possible participation of Russian companies in the Delhi-Mumbai Industrial Corridor (DMIC),” it said.
“The Indian side expressed interest in joint development of coal fields and iron ore mines in Russia. They agreed to exchange information on such areas having potential for cooperation,” the Commerce and Industry Ministry said in a statement.
Both sides also expressed mutual interest in developing the long-term and mutually beneficial cooperation in the field of mineral fertilisers, the statement added.
The Indian delegation was led by Ramesh Abhishek, Secretary, Department of Industrial Policy and Promotion, and the Russians were headed by Alexander Potapov, Deputy Minister of Industry & Trade of the Russian Federation. fii-news.com
