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New Delhi [India]April 6 (ANI): The Russian Chamber of Commerce and Industry opened an office in New Delhi on Wednesday aimed at strengthening trade and economic cooperation, an official statement said.
Sergey Katyrin, president of the Chamber of Commerce and Industry of the Russian Federation, inaugurated the office on Wednesday as part of a business delegation from India.
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Before the forum, Katirin met Shalesh Pathak, Secretary General of the Federation of Indian Chambers of Commerce and Industry (FICCI), and invited him to give back.
In the opening speech of the forum, Katilin first thanked the leadership of FICCI, and said, “It is no exaggeration to say that this visit is the first in the past 14 years in terms of scale, level of representation and number of participants (more than 100 people). The largest business delegation on the agenda of our joint event, when the Chamber of Commerce and Industry of the Russian Federation signed a cooperation agreement with FISCI.”
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He also pointed out that by the end of 2022, trade between India and Russia is breaking records, with mutual trade reaching an all-time high of $35.3 billion, 2.5 times the 2021 record.
Sergei Katilin believes that the rapid development of economic relations is largely due to changes in the global foreign economic environment. On the other hand, India has always been one of Russia’s important strategic trading partners. Business linkages are also developing in multilateral forms, such as the BRICS and Shanghai Cooperation Organization, the statement reads.
The Russian Chamber of Commerce and Industry and the Federation of Indian Chambers of Commerce and Industry made significant contributions to this work.
In his speech, he included among the priorities the improvement of the quality of information exchange on job opportunities and conditions in the market, as well as promising areas of cooperation. Assist in checking the reliability of companies, create a practical format for interaction and connection between entrepreneurs.
The head of the Russian Chamber of Commerce said that at the Russian Chamber, the development of business cooperation with India is one of the priority areas of international activity.
The President of the Russian Chamber of Commerce recalled that since 2006, the Federation has been actively cooperating with the Indian Cooperative Business Council, which has become an effective mechanism for promoting the interests of Russian and Indian entrepreneurs in the market of our country, according to the statement.
He said, “An important feature of our cooperation in the new stage is the high interest of Russian SMEs in developing commercial relations with India. It is in this area that the stability of bilateral economic and trade cooperation and its diversification prospects are largely Depends.”
“It is therefore not a coincidence that the business mission mainly includes companies of this type – more than 60 companies from 27 regions of Russia operate in various sectors of the economy: light industry, chemicals, pharmaceuticals, IT industry, mechanical engineering, automotive, innovative technologies, ’ added Katyrin.
Developing cross-regional cooperation is another important area of our work. At the Russian Chamber of Commerce and Industry, we have always placed particular emphasis on this direction. Russia is not just Moscow and St. Petersburg.
Russia is Krasnoyarsk, Urals, Kuzbass, Tula, Lipetsk, Novgorod, Tyumen and many other industrial centers and is now interested in establishing ties with India.
“By the way, all the heads of the chambers of commerce and industry of the aforementioned regions are in the hall today and would be happy to continue communicating with you during our forum,” said the chairman of the Russian Chamber of Commerce. According to official statements, business and industry have drawn attention.
Major international exhibitions and conferences provide good opportunities for the development of economic and trade cooperation. “Given the importance of the region for the development of business relations and the promotion of mutual trade, the leadership of our “leader” in the region (the largest in Russia) – Exhibition Center – Expocentre and Congress Center – World Trade Center, is also with us today ,” said Sergey Katyrin.
The Chairman of the Chamber of Commerce and Industry of the Russian Federation expressed the hope that the outcome of the forum would make a real contribution to the realization of existing prospects. Sergey Katyrin said: “I am counting on the effectiveness of the negotiations of entrepreneurs in the B2B format held in the second part of our forum.”
More than 300 entrepreneurial representatives from the Indian business community attended the forum. (Arnie)
(This is an unedited and auto-generated story from a Syndicated News feed, the content body may not have been modified or edited by LatestLY staff)
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