You are here: Home » PTI Stories » National » News
Business Standard

India, Russia's Astrakhan seek to boost trade, investment ties

Press Trust of India  |  Moscow 

Seeking to boost mutual cooperation in trade and investment sectors between India and Russia's Astrakhan, a delegation from the region has expressed interest in enhancing engagement with Indian companies.

During a presentation on trade, business and investment opportunities in the Astrakhan region on November 19, oil, gas, agro-processing, ship building, renewable energy, aquaculture and logistics were identified as major areas with considerable potential for mutual collaboration, said an official statement from the mission.

Jointly organised by the Indian Embassy and the Government of Astrakhan region, the regional administration and investment agency of the region made presentations on the potential for mutual cooperation in trade and investment sectors.

A high-level official and business delegation from the region was led by Elina Polyanskaya, Vice-Chairman of the Astrakhan Government- Minister of Economic Development, the statement said.

Expressing interest in enhancing engagement with Indian companies, Polyanskaya laid emphasis on the importance of activation of the North-South transport corridor for enhancing bilateral trade and economic activities.

Indian Ambassador to Russia P S Raghavan highlighted the long standing partnership between Astrakhan and India, particularly Gujarat, which has a cooperation programme with Astrakhan since 2001.

He further underlined the importance of Astrakhan in boosting bilateral trade and economic activities due to its location on the Caspian Sea.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 25 2014. 19:26 IST