Modi as Chief Guest at the Eastern Economic Forum as India-Russia Boost Economic Partnership

Russian President Vladimir Putin has extended an invitation to Indian PM Narendra Modi for the Eastern Economic Forum to be held in Vladivostok. India and Russia are keen to come together to gear up the strategic partnership by promoting joint ventures.

During a meeting held in Moscow, Russian Representative Anton Kobyakov and Indian Ambassador to Russia Venkatesh Varma stressed on the need for effective Indian partnership in the Russian business events to boost strategic partnership.

This meeting was organised to bring in another leadership level contact between the two sides. Russian President Vladimir Putin invited Prime Minister Narendra Modi as the key guest of the Eastern Economic Forum in Vladivostok to be held between Sep 4–6 2019.

Russian Delegate  Anton Kobyakov said: “We look forward to the visit of Prime Minister of India to the largest forum in the Asia-Pacific region and hope that this will break new ground of trade and investment cooperation between our countries in the Far East. I am confident that the extensive highest level participation of India in the event can significantly contribute to the achievement of the ambitious objectives announced by Prime Minister of India: to bring the trade turnover between Russia and India to $30 billion by 2025.”

“We also hope that the initiatives of India, articulated during first Russia–India Strategic Economic Dialogue, will be pursued as national programmes and projects in our countries. For example, in digitalization we’re talking about the signing of an agreement between the Ministry of Commerce and Industry of India and the Ministry of Economic Development of Russia,” Kobyakov added.

Both India and Russia praised the response of interaction between the Confederation of Indian Industry and the Roscongress Foundation and also discussed the possibility of holding Russia–India events in Davos in 2020.

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