Efforts on to increase Indo-Russian bilateral trade to $30 bn by 2025

The bilateral trade grew by 21 per cent to $9.3 billion in 2017 as against $7.7 billion in the previous year

India, Russia
Press Trust of India Chennai
Last Updated : Dec 27 2018 | 7:49 PM IST
Plans were on to more than triple the bilateral trade between India and Russia to $30 billion by 2025, a Russian diplomat here said Thursday.

The bilateral trade grew by 21 per cent to $9.3 billion in 2017 as against $7.7 billion in the previous year,Consul General of the Russian Federation in Chennai Oleg N Avdeev said.

"A plan has been set to increase (bilateral) trade to $30 billion and the volume of mutual investment to $15 billion by 2025", he told reporters here.

Replying to a question, he said the consulate issued 4,433 tourist visas.

"The number of student visas we issued increased. More and more young Indian students are willing to go to Russia for higher studies", he said.

On the Indo-Russian joint venture Kudankulam Nucler Power Plant in Tamil Nadu, he said the construction work on the third and fourth units was progressing.

The first unit of KKNPP commenced operation on December 31, 2014 and the second on March 31, 2017.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 27 2018 | 6:00 PM IST

Next Story