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June 2017
18 June
Business Roundtable

RUSSIA – INDIA: MUTUAL INVESTMENT OPPORTUNITIES

09:00-10:30 Pavilion 5, Conference Hall 5.1
In the current global environment, Russian–Indian bilateral economic relations continue to strengthen, as demonstrated by expanding partnerships in the defence, space, mining, and chemicals sectors. What steps can policy makers on both sides take to accelerate and deepen economic ties? How might the increase in the use of national currencies in bilateral settlements affect mutual trade?
Moderators:
Chandrajit Banerjee, Director General, Confederation of Indian Industry
Sergei Cheryomin, Minister, Head of Department for Foreign Economic Activity and International Relations, Moscow City Government; Chairman of the Board, Business Council for Cooperation with India
Panellists:
Sumit Mazumder, President, Confederation of Indian Industry
Pundi Srinivasan Raghavan, Ambassador Extraordinary and Plenipotentiary of the Republic of India in the Russian Federation
Nirmala Sitharaman, Minister of State for Commerce and Industry of the Republic of India
Aleksander Tsybulskiy, Deputy Minister of Economic Development of the Russian Federation
Front row participants:
Alexander Boyko, Chairman of the Board of Directors, B2B Center
Alexander Gurko, President, Non-commercial Partnership for Development and Use of Navigation Technologies (GLONASS UNION)
Madhukar Kotwal, Member of the Board of Directors, President of Heavy Engineering, Larsen & Toubro Heavy Engineering
C.P. Ravindranath Menon, Chief General Manager, Export-Import Bank of India
Alexander Misharin, First Vice-President, Russian Railways
Kishan Pandey, Deputy Chief Executive Officer, Chief Risk Officer, Russian Direct Investment Fund (RDIF)
Prashant Ruia, Member of the Board, Essar Capital Ltd
Oleg Sienko, Chief Executive Officer, Research and Production Corporation Uralvagonzavod JSC
Andrey Terebenin, Member of the Board, JSFC Sistema

Highlights

It is obvious that the traditional methods and sources of extensive growth and for increasing overall trade between our countries have been exhausted. We need to find, establish and develop new areas of growth that can step up this type of relationship.

Aleksander Tsybulskiy
Deputy Minister of Economic Development of the Russian Federation

Conditions in both Russia and India are positive. What the governments can do is encourage stability and investment, as well as ensure that administrative barriers are gradually removed.

Nirmala Sitharaman
Minister of State for Commerce and Industry of the Republic of India

What we need now is a major leap forward. We should endeavour to find synergy between Russian partners and their Indian colleagues, as well as develop high-margin sectors, science, pharmaceuticals, and IT.

Sergei Cheryomin
Minister, Head of Department for Foreign Economic Activity and International Relations, Moscow City Government; Chairman of the Board, Business Council for Cooperation with India

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