Second India-Russia Strategic Economic Dialogue to be held on 10 July

Focus on 6 core areas covering Finance, Transport, Agriculture, Small and Medium Business, Digital Technologies, and Tourism & Connectivity.

The Second India-Russia Strategic Economic Dialogue (IRSED) shall be held on 10 July in New Delhi, under the chairmanship of Dr. Rajiv Kumar, Vice-Chairman, National Institution for Transforming India (NITI) Aayog and Mr. Timur Maksimov, Deputy Minister of the Economic Development of the Russian Federation.

The Second meeting of the IRSED shall be focussing on six core areas of cooperation, namely, Development of Transport Infrastructure and Technologies; Development of Agriculture and Agro-Processing sector; Small and Medium Business support; Digital Transformation and Frontier Technologies; Cooperation in Trade, Banking, Finance, and Industry; and Tourism & Connectivity.

The IRSED was established following a bilateral Memorandum of Understanding (MoU) signed between NITI Aayog and the Ministry of Economic Development of the Russian Federation during the 19^th edition of the Annual India-Russia Bilateral Summit, which was held on October 5, 2018, in New Delhi.

The First India-Russia Strategic Economic Dialogue was held in St. Petersburg between November 25-26, 2018, and was chaired by Mr. Maxim Oreshkin, Minister of Economic Development of the Russian Federation, and Dr. Rajiv Kumar, Vice-Chairman, NITI Aayog.  

Strategic Economic Dialogue advances bilateral cooperation across transport, agriculture, SME support, digital technologies and tourism. The Second India-Russia Strategic Economic Dialogue will convene to coordinate bilateral cooperation across six sectors: transport infrastructure and technologies; agriculture and agro processing; small and medium enterprise support; digital transformation and frontier technologies; trade, banking, finance and industry cooperation; and tourism and connectivity. The forum was established pursuant to a Memorandum of Understanding between the Indian planning body and the Russian economic ministry to institutionalise strategic economic engagement.