Mumbai, April 10 -- The 8th Session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP) was convened in New Delhi today under the aegis of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation. The session marked a pivotal step towards deepening bilateral investment cooperation.
Co-chaired by Shri Amardeep Singh Bhatia, Secretary, Department for Promotion of Industry and Internal Trade, and H.E. Mr Vladimir Ilichev, Deputy Minister of Economic Development of the Russian Federation, the meeting concluded with the signing of a protocol underscoring several high-impact collaborative projects.
Key Outcomes and New Projects The session saw the addition of six new strategic projects aimed at enhancing mutual investments across sectors of interest. These projects are expected to further bolster economic ties and provide a robust framework for long-term bilateral engagement. The Working Group also reviewed progress on outcomes of the 7th session and charted future action points.
Held in a spirit of constructive dialogue and shared vision, both nations reaffirmed their commitment to strengthening investment partnerships in areas including industry, logistics, technology, energy, and infrastructure.
India-Russia Investment Forum Draws Strong Participation Coinciding with the IRWG-PIP session, the 2nd Edition of the India-Russia Investment Forum was organised in collaboration with Invest India, the Indian Chamber of Commerce (ICC), and the Ministry of Economic Development of the Russian Federation.
The forum attracted over 80 participants, comprising leading Indian and Russian entrepreneurs, financial institutions, logistics companies, chambers of commerce, researchers, and government officials, reflecting the growing enthusiasm for cross-border collaborations.
With continued engagement at both government and industry levels, India and Russia are set to scale new heights in investment cooperation, further strengthening their strategic and economic partnership.
Published by HT Digital Content Services with permission from Construction World.