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Moscow Hosts 13th Russian-Indian Business Forum

23 December 2022
В Москве состоялся XIII Российско-Индийский бизнес-форум

Moscow hosted the 13th Russian-Indian Business Forum, which brought together more than 40 speakers, including business representatives, the heads of federal ministries, agencies, the Russian regions, development institutions, and public organizations of Russia and India, and 600 offline participants. The event was organized by the Indian Business Alliance with the support of the Moscow Department of Foreign Economic and International Relations, the Business Council for Cooperation with India (BCCI), and the Roscongress Foundation.

The forum events were attended by Russian Deputy Minister of Economic Development Dmitry Volvach; Khanty-Mansi Autonomous District-Yugra Governor Natalya Komarova; Head of the Republic of Altai Oleg Khorokhordin; Russian Export Center CEO Veronika Nikishina; Minister of the Moscow Government and Director of the Moscow Department of Foreign Economic and International Relations Sergey Cheremin; Ambassador Extraordinary and Plenipotentiary of the Republic of India to the Russian Federation Pavan Kapoor; Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of India Denis Alipov (online); Russian Union of Industrialists and Entrepreneurs President Alexander Shokhin; OPORA RUSSIA All-Russian Non-Government Organization of Small and Medium Business President Alexander Kalinin, and others.

The forum programme opened with the plenary session ‘Integral Partnership between India and Russia in the New World Order’, which was moderated by Indian Business Alliance President Sammy Kotwani. The participants discussed opportunities and prospects for an economic breakthrough in cooperation between Russia and India in various sectors, taking into account the changing political situation, as well as specific aspects of the activities of legislative and executive bodies to ensure a conducive business climate in Russia and create the essential legal conditions for businesses to function.

The forum continued with thematic sessions. The starting session featured a discussion on the theme ‘Russian-Indian Strategic Partnership: Development Prospects’. The participants spoke about specific aspects and key trends in the continued development and strengthening of interaction between Russia and India and also discussed which areas of cooperation are of the highest priority and what measures could help strengthen favourable internal and external conditions in order to develop trade and economic relations, as well as diversify the forms and focus areas of the Russian-Indian partnership.

The second thematic session was ‘Success Formula for the Indian Pharmaceutical Industry’. The forum guests discussed Russian-Indian cooperation in drug production, the successes of the Indian pharmaceutical industry, as well as support measures taken by the Indian government to develop the industry. They paid special attention to the use of digital healthcare as a driver and the role of Russia and India in the global healthcare architecture.

The forum programme concluded the session ‘National Branding as a Tool for International Cooperation’, during which the participants discussed steady growth in trade between BRICS countries and prospects for India and Russia to expand industrial cooperation. In addition, experts discussed ways to increase the volume of foreign trade between Russia and India and the prospect of consolidating the Made In Russia and Make In India projects as part of the new world order.

Once again, the 13th Russian-Indian Business Forum served as an important discussion platform that will be used to broadly address issues related to the further expansion of business ties between Russia and India in various sectors.