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29 Jan, 2016 11:50

Russia and India to discuss bilateral cooperation in New Delhi

Russia and India to discuss bilateral cooperation in New Delhi

Two St. Petersburg International Economic Forum (SPIEF) panel sessions on Russo–Indian ties will kick-off on Saturday in New Delhi. The sides will discuss bilateral cooperation, BRICS as well as investment in Russian regions.

“Russia considers India to be a strategic partner. Relations between our countries are built on foundations of trust, mutual respect, and consideration for each other’s interests. I firmly believe that these Russian panel sessions – which are being held as part of a major Indian business forum – will provide a renewed impetus for two-way trade and investment,” said Anton Kobyakov, Advisor to the President of the Russian Federation and Executive Secretary of the St. Petersburg International Economic Forum Organizing Committee.

The first panel session called ‘Fulfilling the Indian-Russian economic promise’, will focus on issues related to developing and broadening economic ties, as well as collaboration in energy, health care, IT, and environmental protection.

The second session will see representatives of several Russian regions speak about investment perspectives and their potential. Special attention will be paid to the republics of Bashkortostan and Mordovia, as well as Kostroma and Penza regions.

These meetings preview the main event - the 20th annual St. Petersburg International Economic Forum that will be held on June 16-18, 2016. A total of 205 contracts worth an estimated $5.4 billion were signed at last year's forum. The record was set at SPIEF 2013, when deals worth $320 billion were signed.