India and Russia agree on 6 new strategic projects to boost bilateral investment cooperation

2nd Edition of India-Russia Investment Forum held alongside Working Group meeting

The 8th Session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP) under the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation was held in New Delhi today.

The Working Group meeting was held successfully, with the co-chairs signing a protocol highlighting multiple projects of strategic importance to both nations. The session aimed at strengthening economic ties between India and Russia by identifying and advancing collaborative projects in sectors of mutual interest.

The Working Group also reviewed the outcomes of the 7th session, and both sides agreed to include six new strategic projects aimed at deepening bilateral investment cooperation. Discussions were held in a constructive atmosphere, with both countries reaffirming their commitment to expand investment collaboration across various sectors.

On the sidelines of the 8th Session of IRWG-PIP, the 2nd Edition of the India-Russia Investment Forum was also organised, in collaboration with Invest India, Indian Chamber of Commerce (ICC), and the Ministry of Economic Development of the Russian Federation.

The Session was co-chaired by Secretary, Department for Promotion of Industry and Internal Trade, Ministry of Commerce and Industry, Shri Amardeep Singh Bhatia from the Indian side, and Deputy Minister of the Ministry for Economic Development of the Russian Federation, H.E. Mr. Vladimir Ilichev, from the Russian side.

The India-Russia Investment Forum saw enthusiastic participation from over 80 Indian and Russian businesses, including entrepreneurs, financial institutions, cargo companies, business chambers, researchers, and officials.

Bilateral investment cooperation expanded through new strategic projects agreed at a recent working group meeting. Agreement to include six new strategic projects was reached to deepen bilateral investment cooperation by identifying and advancing collaborative projects across multiple sectors; commitments were recorded in a co chairs' protocol to guide further investment collaboration and implementation.