India and Russia Celebrate Progress on Jamnagar Rubber Plant, Discuss Expanding Trade in Various Sectors at Forum.

India and Russia are pleased with the progress on the Jamnagar rubber plant, a joint venture between Reliance Industries and Russia's CJSC SIBUR. The plant, set to be operational by 2015, will be one of the largest butyl rubber production facilities globally. During the 7th India Russia Forum on Trade and Investment, discussions included simplifying regulations for Indian generic medicines in Russia and enhancing collaboration in sectors like civil aircraft construction, biotechnology, and IT. Both nations aim to strengthen ties in mining, metallurgy, and modernization of power plants, with India inviting Russian participation in the Delhi-Mumbai Industrial Corridor.