Russia’s Tomsk region seeks Indian investment

AHMEDABAD: Seeking investment in the Tomsk region, a Russian business delegation today expressed interest in participating in the development of smart cities in India.

In a business-to-business meeting with Gujarat-based companies here, the two sides deliberated on ways to increase investment.

The Russian delegation of about ten companies from the Tomsk region was led by Ildar Batkaev, adviser, commercial representation of Russia in India and Aleksander Beliaev, director, Tomsk Chamber of Commerce.

Batkaev expressed hope to see more business between India and Russia, he told reporters here.

“Looking at Gujarat’s growth in the manufacturing sector, there is a huge possibility for Russian companies to invest here in the future.

“Similarly, Russia also offers huge potential for Gujarat-based small and medium-sized enterprises, which can expand their operations by collaborating with Russian companies,” Batkaev said.

He added that Russian companies can play a major role in various government-initiated projects, such as the development of 100 smart cities.

“There is a need to increase bilateral trade between India and Russia. We are confident that the new Center government will play a crucial role in this.

“Russian companies want to participate in the 100 smart cities project. We can help these cities to be more energy efficient,” Batkaev added.

Smart cities will have self-sustaining habitats with minimal pollution levels, maximum recycling, optimized energy supplies and efficient public transport.

On the occasion, Senior Vice President of Cadila Pharmaceuticals, Bhaswat Chakraborty, expressed his concerns over slowing trade between the countries.

“Bilateral trade between the two countries is still far below its potential. The main reason for the slow growth is the lack of knowledge about the trade potential and the lack of understanding between the private companies of the two countries,” Chakraborty said. .

According to him, Russian companies can form Indian companies in sectors such as pharmaceuticals, energy, IT and education.

“Although many big companies like ONGC Videsh and Tata Motors are expanding their business in Russia, we have yet to tap into the true potential of small and medium-sized enterprises, which can train us in many industries and increase the value of our products. “, did he declare. told the media during the interaction.

According to a report, Russia’s Tomsk region is known for its pharmaceutical and chemical industries.

Bilateral trade between the countries amounted to USD 6.01 billion in 2013-2014. India only received $1 billion in April 2000 and February 2015 from this country. Russia’s Tomsk region seeks Indian investment

AHMEDABAD: Seeking investment in the Tomsk region, a Russian business delegation today expressed interest in participating in the development of smart cities in India.

In a business-to-business meeting with Gujarat-based companies here, the two sides deliberated on ways to increase investment.

The Russian delegation of about ten companies from the Tomsk region was led by Ildar Batkaev, adviser, commercial representation of Russia in India and Aleksander Beliaev, director, Tomsk Chamber of Commerce.

Batkaev expressed hope to see more business between India and Russia, he told reporters here.

“Looking at Gujarat’s growth in the manufacturing sector, there is a huge possibility for Russian companies to invest here in the future.

“Similarly, Russia also offers huge potential for Gujarat-based small and medium-sized enterprises, which can expand their operations by collaborating with Russian companies,” Batkaev said.

He added that Russian companies can play a major role in various government-initiated projects, such as the development of 100 smart cities.

“There is a need to increase bilateral trade between India and Russia. We are confident that the new Center government will play a crucial role in this.

“Russian companies want to participate in the 100 smart cities project. We can help these cities to be more energy efficient,” Batkaev added.

Smart cities will have self-sustaining habitats with minimal pollution levels, maximum recycling, optimized energy supplies and efficient public transport.

On the occasion, Senior Vice President of Cadila Pharmaceuticals, Bhaswat Chakraborty, expressed his concerns over slowing trade between the countries.

“Bilateral trade between the two countries is still far below its potential. The main reason for the slow growth is the lack of knowledge about the trade potential and the lack of understanding between the private companies of the two countries,” Chakraborty said. .

According to him, Russian companies can form Indian companies in sectors such as pharmaceuticals, energy, IT and education.

“Although many big companies like ONGC Videsh and Tata Motors are expanding their business in Russia, we have yet to tap into the true potential of small and medium-sized enterprises, which can train us in many industries and increase the value of our products. “, did he declare. told the media during the interaction.

According to a report, Russia’s Tomsk region is known for its pharmaceutical and chemical industries.

Bilateral trade between the countries amounted to USD 6.01 billion in 2013-2014. India only received $1 billion in April 2000 and February 2015 from this country.