Strategic sectors driving the next stage of India–Russia economic cooperation
Representatives of the Trade Representative Office of the Russian Federation in India recently attended the high-level meeting titled “India-Russia: Expanding the Boundaries of the Special and Privileged Strategic Partnership” organized by the Indo-Russia ‘Innopraktika’ Technology Center with the participation of a select audience of government officials, industry representatives, experts and academics.
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The meeting discussed new areas of bilateral cooperation aimed at strengthening the India-Russia Economic Cooperation Program and supporting the long-term development of bilateral trade and industrial ties.
During the conference, representatives of the Trade Representative of Russia to India attended three important sectoral sessions on energy cooperation, trade and investments, and critical minerals.
Deputy Commissioner for Trade of Russia in India Dr. Evgeny Griva attended the plenary session “Energy Partnership – Fossil fuels; LNG-LPG; Civil Nuclear Energy”, which discussed the strategic role of energy cooperation in India-Russia relations, including oil and gas supply, LNG and LPG cooperation, as well as civil nuclear energy projects and future technological cooperation in the energy sector.
Zlata Antusheva, Head of the GR and Financial Sector of the Trade Representative of Russia to India, spoke at the “India-Russia Trade, Investments and Joint Projects” session on the current dynamics of bilateral trade, investment cooperation, industrial projects and mechanisms aimed at expanding economic interaction between the two countries. During the discussion, particular attention was paid to diversifying the trade basket, developing joint production initiatives and strengthening practical trade cooperation.Also read: Quad pledges to invest $20 billion in critical mineral supply chains
Head of the Economy Department of the Trade Representative of Russia to India, Dr. Andrey Podchufarov participated in the session “Critical Minerals – Mining and Added Value”, which focused on cooperation in the fields of critical minerals, mining, processing and added value. Discussions covered opportunities for industrial cooperation in strategic raw materials, the development of processing capacities and the creation of resilient supply chains in sectors linked to advanced manufacturing and clean energy technologies.
Commenting on the results of the event, Andrey Sobolev, Trade Commissioner of the Russian Federation to India, stated that the three areas highlighted during the conference – energy cooperation, trade and industrial partnerships and critical minerals – are of particular strategic importance for the future development of India-Russia economic relations.
According to Sobolev, these sectors are important for both the implementation of concrete bilateral cooperation projects and the achievement of long-term industrial and economic development goals of both countries. He also emphasized that expanding cooperation in these areas creates additional opportunities for technological partnership, industrial decentralization and deeper economic relations between Russia and India.
The meeting also emphasized that both countries are focused on moving beyond traditional trade models towards broader industrial and technological cooperation, including joint production, joint projects and the development of new areas of economic interaction.
