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Within the framework of the 15th international industrial exhibition INNOPROM-2025, a session was held titled «Russia-India: On the Path to 100 Billion Trade Turnover».
The Aluminium Association, with the support of the Russian Ministry of Industry and Trade, held the session «Russia-India: On the Path to 100 Billion Trade Turnover» as part of the 15th international industrial exhibition INNOPROM-2025.
During the event, business circles from both countries discussed which factors could hinder the achievement of the set goal, as well as how to achieve a balance in bilateral trade turnover.
The key topics of the event were: strengthening cooperation for economic sustainability and innovation; searching for new areas of trade and economic cooperation; forming a free trade zone between the EAEU and India; opportunities and obstacles to expanding trade turnover; the role of business associations in expanding mutual trade; forming «green» supply chains, expanding and liberalizing trade in «green» goods.
The discussion was attended by Vinay Kumar, Ambassador Extraordinary and Plenipotentiary of the Republic of India to the Russian Federation; Andrey Sobolev, Trade Representative of Russia in India; Nikita Ryblenkov, Executive Secretary of the Association of Electrometallurgical Enterprises and Deputy General Director of Novostal-M LLC; Manish Kumar, Deputy Chairman of the Commission on India of the Moscow Chamber of Commerce and Industry and President of Soltex Group; Igor Kurzhiyansky, Vice President of Novikombank; Mikhail Labudin, Director of the Association of Clusters, Technoparks and SEZs of Russia; Alexander Krutov, Vice President of the Moscow Chamber of Commerce and Industry; and Andrey Larin, General Director of Mash Unit LLC.
The event was moderated by Artem Asatur, Deputy Chairman of the Aluminium Association.
«We are actively working on developing the export of Russian aluminium products to India. We expect a stable increase in demand for aluminium in India, given the high growth rates of its economy as a whole and of aluminium-consuming industries in particular. This makes the Indian market especially promising for our companies and opens up new opportunities for cooperation,» notes Irina Kazovskaya, Chairman of the Aluminium Association.
«Through the efforts of business on both sides, with the support of our government bodies and associations, we will remove the remaining barriers and achieve sustainable and balanced growth in mutual trade,» summarized Artem Asatur.
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