India and Russia Forge Stronger Ties: Aiming for $100 Billion Trade Target Before 2030

At the 25th India-Russia Intergovernmental Commission meeting, S Jaishankar and Denis Manturov discussed expanding trade cooperation, talent mobility, and joint ventures, while aiming to achieve a $100 billion trade target before 2030. They also explored expanding air traffic and cooperation in nuclear and railway projects.

India's External Affairs Minister S Jaishankar and Russia's First Deputy PM Denis Manturov co-chaired the landmark 25th meeting of the India-Russia Intergovernmental Commission in New Delhi, focusing on broadening trade cooperation and enhancing the mobility of talent and skills.

During his opening remarks, Jaishankar expressed confidence in reaching the ambitious $100 billion bilateral trade target ahead of the 2030 deadline, citing India's growth trajectory and reliance on Russia for resources and technology. He also noted Russia's interest in the 'Make in India' initiative, advocating for joint ventures.

Manturov highlighted Russia's commitment to bolstering connectivity through expanded air traffic, nuclear collaboration, and rail infrastructure projects like the Kudankulam NPP and high-speed trains. He reiterated Russia's dedication to a Free Trade Agreement with the Eurasian Economic Union and India, reflecting a robust economic partnership.

(With inputs from agencies.)