Governor list out investment potentials in Chelyabinsk.

Russia’s Chelyabinsk Region has invited Indian industries to participate in the massive industrial development with offer of tax incentives to foreign investors.

Governor Boris Dubrovsky said Chelyabinsk offers opportunities in metallurgical, car-building, fuel-energy, construction, agricultural-industrial complexes among others.

Besides, the region had rich and varied natural resources and qualified work resources, he added during an interactive session organized by the Federation of Indian Chambers of Commerce and Industry (FICCI).

The level of investment cooperation between India and Russia had been extremely low, he pointed out.

Indian investments in Russia were estimated at US$8 billion and Russian investments in India totalled about US$3 billion.

The volume of trade needed to be scaled up, he said, adding that there was a need to promote new opportunities for economic and trade cooperation.

Dubrovsky also called for the promotion of International North-South Transport Corridor, which would reduce the transit time by almost 40 per cent between India and Russia. fii-news.com