Russia Encourages Indian Firms to Acquire Abandoned US, European Businesses

20 Dec 2023 CW Team

Recent reports suggest that Russia is actively encouraging Indian companies to consider acquiring businesses abandoned by US and European companies. The move signifies Russia's interest in fostering economic collaboration with India and seizing opportunities arising from the withdrawal of other international players.

The initiative aims to strengthen economic ties between Russia and India while providing Indian firms with strategic investment opportunities in regions where businesses have been vacated. The vacant spaces left by US and European companies present a unique opening for Indian businesses to expand their global footprint and contribute to economic growth.

This diplomatic and economic strategy reflects Russia's efforts to diversify its partnerships and create mutually beneficial relationships in the global business landscape. The encouragement for Indian companies to step into the void left by others aligns with the evolving dynamics of international commerce and underscores the potential for increased collaboration between Russia and India in various sectors.

As Indian businesses explore these opportunities, the development highlights the changing dynamics of global economic alliances and the emergence of new partnerships that can reshape the geopolitical and economic landscape.

Building Material

23 Oct 2025

Tata Steel, Air Water India Ink 20-Year Deal for Jamshedpur ASU

Tata Steel has signed a 20-year agreement with Air Water India Private Limited (AWIPL) to operate and maintain its advanced Air Separation Unit (ASU) in Jamshedpur. The partnership aims to boost Tata Steel’s industrial gas infrastructure and improve efficiency through the use of cutting-edge cryogenic technologies. The agreement was signed between Peeyush Gupta, Vice President (TQM, GSP & SC), Tata Steel, and Kausik Mukhopadhyay, Managing Director, AWIPL. Under the contract, AWIPL will manage operations of the ASU, which can produce 1,800 tonnes of oxygen per day, along with nitrogen, argon..

PM Modi Inaugurates and Lays Foundation for Projects in Andhra Pradesh

Prime Minister Narendra Modi inaugurated and laid the foundation stones for multiple projects worth Rs 134.3 billion in Andhra Pradesh. The initiatives span key sectors including infrastructure, energy, and urban development, aimed at boosting regional growth and job creation.In Visakhapatnam, the Prime Minister dedicated several completed infrastructure projects to the nation, while in Nandyal and West Godavari, he laid foundations for renewable energy and water resource developments. These projects align with the government’s focus on improving connectivity, expanding industrial potential,..

MSRDC to Monetise Land Assets to Finance Key Infrastructure Projects

The Maharashtra State Road Development Corporation (MSRDC), led by Chief Minister Eknath Shinde, plans to monetise its land holdings to fund future infrastructure projects. The Corporation intends to lease land parcels for up to 99 years, with some earmarked for joint development or sale.MSRDC has been designated as the special planning authority for several strategic regions, including 19 growth centres along the Mumbai–Goa Expressway, 18 nodes on the Samruddhi Mahamarg, and development zones near the Pune Outer Ring Road, Shaktipeeth Highway, and Mumbai–Pune Expressway.The agency is prio..