Russia can offer a lot to India: Mantysky | india | Hindustan Times
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Russia can offer a lot to India: Mantysky

RUSSIA CAN offer a lot to India, but unfortunately, many Indian businessmen do not always have a clear picture of the enormous opportunities available in Russia.

india Updated: Apr 06, 2006 15:10 IST

RUSSIA CAN offer a lot to India, but unfortunately, many Indian businessmen do not always have a clear picture of the enormous opportunities available in Russia. This was stated by Consul General of Russian Federation Alexander V Mantysky during an interaction with the Confederation of Indian Industry (CII) here recently. Mantytsky was accompanied by Pavel Achikyan, attache to the Consul General.

Mantytsky said that Russia has become a stable, steadily growing market economy. He highlighted the areas of cooperation such as power engineering, equipment for oil and gas exploration, mining and metallurgy, transport infrastructure, civil aviation, space research, information and communication technologies.

CII Madhya Pradesh council chairman Sunil Chordia, in his address, said that Information Technology and research and development are some of the vital sectors where the two countries will be benefited from each other’s expertise.

The new dimension of Rupee-Rouble trade would give a further boost to the economic ties between the two countries. Last year’s US $2 billion volume of trade between India and Russian Federation could improve if new sectors like Pharma, Auto Components, IT, Agro Processing, Telecom, Fashion, Biotechnology can also be explored, he added.

Addressing the session, District Collector Vivek Aggarwal said that traditionally, Madhya Pradesh has been seen a land of vast untapped potential promising considerable opportunities of business growth. Indore also has good linkages of transport, both by road as well as air.

Pithampur being a hub of auto sector in Madhya Pradesh and presence of major players and ancillaries has made it a potential source of supply. Creation of IT Crystal Park in near vicinity can attract many IT and BPO companies. SEZ is yet another feature, which provides this area a strong base for export related commercial activities, he added.

Earlier while welcoming the Consul General, CII Malwa zone council chairman Rajendra Prasad said that India and Russia share a close cultural and economic relationship. This interaction is a part of CII’s initiative to strengthen economic and industrial cooperation with the Russian Federation.

The interaction was attended by industrialists from all over Madhya  Pradesh. SP Adarsh Katiyar was also present during the interaction.