"We are honoured and privileged with the participation of Indian President," Russia's Deputy Minister of Foreign Affairs Igor Morgulov told reporters here.
The Minister said that India is an old and valued friend of Russia and Mukherjee's presence would further strengthen the ties.
Asked about non-participation of Western countries in the celebration, Morgulov sought to downplay it by saying "India's participation is important for Russia".
Western countries decided not to attend the function to protest against Russia's annexation of Crimea from Ukraine in 2014.
A 75-member contingent of Indian Army will also take part in the parade.
Mukherjee is on a five-day visit to Russia to attend the celebration of Victory Day tomorrow to commemorate Russia's victory in World War-II against Germany.
