India Aims to Boost Exports to Russia by Removing Trade Barriers
ECONOMY & POLICY

India Aims to Boost Exports to Russia by Removing Trade Barriers

India is actively working to increase exports to Russia by addressing various trade barriers in sectors such as agriculture, pharmaceuticals, and machinery. This initiative seeks to strengthen economic ties and enhance bilateral trade between the two countries.

The government is focusing on identifying obstacles and creating solutions to improve market access. By fostering collaboration, India aims to diversify its export destinations, especially in light of changing global trade dynamics. The strategy is expected to boost trade volumes, bringing economic benefits to both nations.

Efforts include improving infrastructure, streamlining regulations, and encouraging private sector participation. The initiative also seeks to leverage India's competitive advantages in technology and innovation to tap into the Russian market.

Additionally, India plans to hold bilateral talks with Russia to negotiate favourable terms and explore new opportunities. By enhancing trade relations, both countries aim to achieve mutual growth and development, reinforcing their strategic partnership.

The move is part of India's broader goal to expand its global trade footprint, ensuring sustainable economic progress. Through these measures, India hopes to establish itself as a key player in the international market, capitalising on emerging opportunities.

India is actively working to increase exports to Russia by addressing various trade barriers in sectors such as agriculture, pharmaceuticals, and machinery. This initiative seeks to strengthen economic ties and enhance bilateral trade between the two countries. The government is focusing on identifying obstacles and creating solutions to improve market access. By fostering collaboration, India aims to diversify its export destinations, especially in light of changing global trade dynamics. The strategy is expected to boost trade volumes, bringing economic benefits to both nations. Efforts include improving infrastructure, streamlining regulations, and encouraging private sector participation. The initiative also seeks to leverage India's competitive advantages in technology and innovation to tap into the Russian market. Additionally, India plans to hold bilateral talks with Russia to negotiate favourable terms and explore new opportunities. By enhancing trade relations, both countries aim to achieve mutual growth and development, reinforcing their strategic partnership. The move is part of India's broader goal to expand its global trade footprint, ensuring sustainable economic progress. Through these measures, India hopes to establish itself as a key player in the international market, capitalising on emerging opportunities.

Next Story
Infrastructure Urban

Postal Dept Unveils Stamp Honouring 125 Years of Kodaikanal Observatory

The Department of Posts is proud to release a commemorative postage stamp celebrating 125 years of the Kodaikanal Solar Observatory (KSO). Recognising the legacy of the KSO through this special stamp is a fitting tribute to one of India’s most significant scientific institutions and highlights the nation’s long-standing contribution to global science.The Commemorative stamp was released by S Rajendra Kumar, Chief Postmaster General, Karnataka Circle in the gracious presence of A S Kiran Kumar, Chairperson, Governing Council, IIA and Former Chairman, ISRO and other esteemed guests at Indian..

Next Story
Infrastructure Urban

IIFT Sets Up First Overseas Campus and Expands Global Reach in Dubai

The Indian Institute of Foreign Trade (IIFT), an autonomous body under the Ministry of Commerce and Industry, Government of India, has announced the establishment of its first overseas campus in Dubai, United Arab Emirates. This marks a key step in expanding IIFT’s global presence and strengthening India’s engagement in international business education.This historic development has been made possible with the approvals from the Ministry of Education, and No Objection Certificates from the Ministry of External Affairs, Ministry of Home Affairs, and the University Grants Commission. It marks..

Next Story
Infrastructure Energy

KEC International Bags Rs 11.33 Bn Transmission & Distribution Orders

KEC International, a prominent global infrastructure EPC company and a part of the RPG Group, announced that it had secured new transmission and distribution (T\&D) project orders worth Rs 11.33 billion in India. The company’s shares were expected to draw attention on Monday, May 19.The newly won orders include a significant contract from Power Grid Corporation of India (PGCIL) for the construction of a ±800 kV HVDC transmission line along with a 765 kV GIS substation. Additionally, KEC International secured an order from a leading private developer for a 400 kV Quad transmission line.V..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?