India, Russia Agree on 6 Strategic Projects at Investment Working Meet
ECONOMY & POLICY

India, Russia Agree on 6 Strategic Projects at Investment Working Meet

The 8th Session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP) was convened in New Delhi today under the aegis of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation. The session marked a pivotal step towards deepening bilateral investment cooperation.

Co-chaired by Shri Amardeep Singh Bhatia, Secretary, Department for Promotion of Industry and Internal Trade, and H.E. Mr Vladimir Ilichev, Deputy Minister of Economic Development of the Russian Federation, the meeting concluded with the signing of a protocol underscoring several high-impact collaborative projects.

Key Outcomes and New Projects The session saw the addition of six new strategic projects aimed at enhancing mutual investments across sectors of interest. These projects are expected to further bolster economic ties and provide a robust framework for long-term bilateral engagement. The Working Group also reviewed progress on outcomes of the 7th session and charted future action points.

Held in a spirit of constructive dialogue and shared vision, both nations reaffirmed their commitment to strengthening investment partnerships in areas including industry, logistics, technology, energy, and infrastructure.

India-Russia Investment Forum Draws Strong Participation Coinciding with the IRWG-PIP session, the 2nd Edition of the India-Russia Investment Forum was organised in collaboration with Invest India, the Indian Chamber of Commerce (ICC), and the Ministry of Economic Development of the Russian Federation.

The forum attracted over 80 participants, comprising leading Indian and Russian entrepreneurs, financial institutions, logistics companies, chambers of commerce, researchers, and government officials, reflecting the growing enthusiasm for cross-border collaborations.

With continued engagement at both government and industry levels, India and Russia are set to scale new heights in investment cooperation, further strengthening their strategic and economic partnership.

The 8th Session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP) was convened in New Delhi today under the aegis of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation. The session marked a pivotal step towards deepening bilateral investment cooperation. Co-chaired by Shri Amardeep Singh Bhatia, Secretary, Department for Promotion of Industry and Internal Trade, and H.E. Mr Vladimir Ilichev, Deputy Minister of Economic Development of the Russian Federation, the meeting concluded with the signing of a protocol underscoring several high-impact collaborative projects. Key Outcomes and New Projects The session saw the addition of six new strategic projects aimed at enhancing mutual investments across sectors of interest. These projects are expected to further bolster economic ties and provide a robust framework for long-term bilateral engagement. The Working Group also reviewed progress on outcomes of the 7th session and charted future action points. Held in a spirit of constructive dialogue and shared vision, both nations reaffirmed their commitment to strengthening investment partnerships in areas including industry, logistics, technology, energy, and infrastructure. India-Russia Investment Forum Draws Strong Participation Coinciding with the IRWG-PIP session, the 2nd Edition of the India-Russia Investment Forum was organised in collaboration with Invest India, the Indian Chamber of Commerce (ICC), and the Ministry of Economic Development of the Russian Federation. The forum attracted over 80 participants, comprising leading Indian and Russian entrepreneurs, financial institutions, logistics companies, chambers of commerce, researchers, and government officials, reflecting the growing enthusiasm for cross-border collaborations. With continued engagement at both government and industry levels, India and Russia are set to scale new heights in investment cooperation, further strengthening their strategic and economic partnership.

Next Story
Building Material

Ambuja Cements Drags JSW Cement to Court Over ‘Kawach’ Brand

Ambuja Cements, part of the Adani Group, has filed a trademark infringement case against JSW Cement in the Delhi High Court, alleging that its rival copied the ‘Kawach’ brand with its new product ‘Jal Kavach’.Justice Manmeet Pritam Singh Arora issued summons to JSW Cement and its subsidiary, JSW IP Holdings Pvt Ltd, while referring the matter to mediation. Hearings are scheduled to resume on October 15 if no settlement is reached.Ambuja, which registered the ‘Kawach’ trademark in 2019, argues that the term ‘Kavach’—meaning shield—is the distinctive feature of its branding. ..

Next Story
Technology

Bentley Systems Named Innovation Partner of the Year 2025 by Afcons

Bentley Systems, the infrastructure engineering software company, has been recognised by Afcons Infrastructure Limited as its Innovation Partner of the Year 2025 at the Innovation Partners 2025 Felicitation Ceremony in Mumbai. The award acknowledges Bentley’s contribution to Afcons’ engineering digitalisation journey through an enterprise agreement providing access to over 250 Bentley engineering software tools. This adoption has enabled Afcons to accelerate project delivery, standardise digital workflows, and strengthen innovation across its infrastructure portfolio. Among key i..

Next Story
Infrastructure Urban

SBI Sells 13.18% Stake in Yes Bank to Japan’s SMBC

State Bank of India (SBI) has completed the sale of a 13.18 per cent stake in Yes Bank to Japan’s Sumitomo Mitsui Banking Corporation (SMBC) for over Rs 8,889 crore. The divestment is part of a Rs 13,482 crore deal finalised in May with SMBC and seven private banks.Following the transaction, SBI’s shareholding in Yes Bank stands at 10.8 per cent. The deal, involving 4,134.4 million shares at Rs 21.50 each, is the largest cross-border transaction in the Indian banking sector.SBI Chairman C S Setty described the 2020 RBI-led rescue of Yes Bank as a pioneering public-private partnership, addi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?