Kumar Bahukhandi
Prime Minister Narendra Modi shakes hands with Russian President Vladimir Putin in this file photograph accompanying a report on the two countries’ bilateral trade ambitions (File Photo)
Ambassador Vinay Kumar says the leaders have directed ministries and agencies to deepen cooperation following their talks during the BRICS summit in New Delhi.
Key Highlights
- India and Russia aim to achieve $100 billion in bilateral trade by 2030.
- Modi and Putin have instructed their governments to expand cooperation.
- The leaders reviewed bilateral relations during the September 12–13 BRICS summit.
- Two-way investment and skilled workforce cooperation also feature in the economic agenda.
Moscow: India and Russia are working towards a bilateral trade target of $100 billion by 2030, with Prime Minister Narendra Modi and Russian President Vladimir Putin directing their governments to further expand cooperation, Indian Ambassador to Russia Vinay Kumar has said.
Leaders Review Bilateral Partnership
In an interview with Russian news agency TASS published on Saturday, Kumar said Modi and Putin discussed the full range of bilateral relations on the sidelines of the BRICS summit held in New Delhi on September 12–13.
The ambassador said the leaders instructed the relevant ministries and agencies to take cooperation forward, including in trade and commerce.
Trade and Investment Goals
Alongside the trade target, the two countries are pursuing two-way investment of $50 billion by 2030, Kumar said.
He also highlighted the leaders’ participation in the BRICS business summit and their visit to the Innoprom-India exhibition in New Delhi as examples of economic engagement.
Skilled Workforce Cooperation
Kumar said India also seeks to meet Russia’s demand for skilled workers. New Delhi has proposed that Russia establish educational institutions in India or partner with existing institutions to train personnel for Russian industries.
