Nirmala Sitharaman to lead business delegation to Russia

Posted on:09 Jul 2016 18:28:43
Nirmala Sitharaman to lead business delegation to Russia
09 July 2016 Current Affairs: Commerce and Industry Minister Nirmala Sitharaman will lead a delegation of over 110 Indian companies that will showcase their engineering prowess at a trade fair in Russia. India is the partner country for 'INNOPROM 2016', which is the largest annual international industrial trade fair of Russia. The 4-day fair starts from the coming sunday (10th july) in Ekaterinburg. 

Apart from the large, medium and small Indian companies participating in the event, states like Maharashtra, Gujarat, Jharkhand, Rajasthan, Himachal Pradesh and Andhra Pradesh are also going to showcase their industrial strengths. 

The Chief Ministers of Maharashtra, Andhra Pradesh and Rajasthan will lead their state delegations.

Central government departments including Heavy Industries, Electronics and IT, Ministries of Power, Tourism and Renewable Energy, will also form part of the official delegation. Russia is the first country to have agreed to invest under the 'Make in India' umbrella in two key strategic sectors - nuclear and defence. 

India and Russia have also set a goal of boosting bilateral trade to 30 billion dollars and mutual investment to 15 billion dollars by 2025. The two-way trade stood at 6.18 billion dollars last year.

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