Expand current projects, says Trade Commissioner
Joint India-Russia Fund of Venture Capitalists is needed as Indian investors have shown interest in such source of funding, said a Russian official.
Such fund has received interests from Indian giants including Tech Mahindra and Invest India, said Andrey Terebenin, Senior Partner, Sistema Asia Fund from Russia at a webinar held on 27 May 2020.
He informed that Sistema is bringing more digital companies into its portfolio.
Elaborating, Dr Alexander Leonidovich Rybas, the Russian Trade Commissioner to India, the need to expand current India-Russia projects in sectors such as Chemical, Energy, coal, oil, Gas and Pharma.
“We need to expand these projects, keeping in mind the goals to expand the bilateral trade to US$30 billion by 2025,” he told the webinar held by ASSOCHAM.
He also discussed how COVID-19 pandemic has shown a way ahead. Digitization will accelerate, telemedicine and use of AI based apps will increase. Localization will definitely go up but these digital products should be of global nature.
Mr. Nikita Mazein, Business Development & International Commerce Executive, Rosatom, called on India and Russia to jointly proceed on Nuclear Sphere.
“Preparing in other business activity like carbon fiber, physical protection equipment, we should look forward various opportunities for expanding our operations,” he said.
Future cooperation will come upon nuclear power, joint development of engineering solutions, he added, acknowledging a role for Indian competencies in engineering and IT to be part of such solutions.
The webinar was on defining a new paradigm in India Russia Relations during the era of COVID-19. fiinews.com
