Business EconomyPosted at: Mar 19 2018 6:31PM

Russia aims to raise bilateral trade to US$ 30 bn by 2025

New Delhi, Mar 19 (UNI) Russia has called for chalking out innovative business strategies to raise Russia-India trade to US$ 30 billion by 2025 from the current level of $ 7.5 billion.
Speaking at an interactive meeting here on Monday with Indian industry representatives, Russia’s Deputy Minister for Economic Development Alexey Gruzdev said that a special group has been constituted within the Russia-India inter-governmental group to identify barriers to trade and investment between the two countries.
The meeting was organised by the Federation of Indian Chambers of Commerce and Industry (FICCI).
He said removal of obstacles to trade would be given high priority by the two governments in order to improve upon the 21.5 per cent growth in two-way trade recorded last year.
Mr. Gruzdev said that the Russian and Indian economies enjoy complementarities in several areas, including agriculture, machine building and energy sectors.
Ministry of External Affairs Joint Secretary (Economic Diplomacy Division) Vinod Jacob, in his remarks, pointed out that the areas that needed to be addressed for giving an impetus to bilateral trade were connectivity, engagement between Russian regions and Indian states, collaboration in the energy sector, high-tech cooperation and cooperation in defence and security.
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TRAI recommends sharing of active, passive infra by telecom providers

24 Apr 2024 | 7:03 PM

New Delhi, April 24 (UNI) With a view to improve quality of services and reducing cost, the telecom regulator TRAI on Wednesday recommended sharing of active and passive infrastructure among telecom service providers, a move that would help setting up network quickly across the nation.

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