Russian Businesses seriously exploring Trade and Investment Opportunities in India
(From Left to Right) Mr. Bernes Raul, Distributor, Bishuli LLC; Ms. Priya Pansare, Director, Trade and Investment Promotion, World Trade Centre, Mumbai; Ms. Irina Malahova, Lead Specialist, South Export Support Centre, Russia; Dr. Vijay Kalantri, President, All India Association of Industries (AIAI) and Chairman, World Trade Centre, Mumbai; Ms. Inga Kudelkina, Project Director, Development Agency, BRICS.
Mumbai, December 17, 2025: All India Association of Industries (AIAI) and World Trade Center, Mumbai organized an interactive roundtable meeting with a high-level business delegation from the Russian Federation to explore new avenues of bilateral cooperation in trade, investments, and technology partnerships with structured B2B meetings organized for more than 150 participants and the Russian delegation.
Ms. Malahova Irina, Lead Specialist, South Export Support Centre, Russia in her address said, “India and Russia have time-tested economic and trade partnership. Our main objective today here is to strengthen this partnership further and facilitate Russian businesses to enter the Indian markets. As an export promotion chamber, we are here to connect businesses thereby creating a fruitful bilateral relation between Crimea and India”
Ms. Irina further stated, “Russia remains a premier source of quality products like wine, distilleries, spirits and mineral water. With our ties hitherto being limited to energy, defence and capital goods, we wish to see expansion of our trade baskets to further strengthen our bilateral ties”.
Dr. Vijay Kalantri, President, All India Association of Industries (AIAI) and Chairman, World Trade Centre, Mumbai said, “India and Russia share a strategic bilateral, relationship which has remain unhindered over the years. This partnership was recently reinforced with the state visit of President Putin in the last week. In the recent years, our bilateral trade has increased exponentially. With the reliance on rupee-ruble trade mechanism, investments of Russian companies in Indian capital markets, sharing of critical nuclear and defence technology and Joint Ventures, I am confident that our bilateral trade will reach 100 billion dollars by 2027. However, this expansion of trade also resulted in widening trade deficit which India has with Russia. With a partnership based on mutual trust and ambition of growth, and ties which remain unaffected by geopolitical actions like tariffs, I am sure in the coming years we will bridge this trade imbalance.”
Dr. Kalantri, welcoming investment in the state, further said, “India with its 1.4 billion population offers a huge consumer base for global partners to invest and scale in India. There exist tremendous opportunities for businesses to engage in investments and joint ventures. The state of Maharashtra has a favourable policy for investors and local manufacturing. The expanding trade is evident from newer sectors like spirits, tourism and coolants coming to India for trade”
Ms. Priya Pansare, Director, Trade and Investment Promotion, World Trade Centre, Mumbai while proposing vote of thanks said “India and Russia share a partnership that is historic, strategic, and forward-looking. Built on deep trust and mutual respect, this relationship has evolved into a strong economic alliance, with bilateral trade exceeding USD 68 billion annually. Today’s interaction is therefore more than a meeting, it is a platform to connect, collaborate and convert strong bilateral intent into concrete outcomes”.
The visiting Russian delegates shared insights into investment-friendly policies and business prospects in their respective regions, expressing keen interest in partnering with Indian firms for joint ventures, technology transfers, and market expansion in India. The interaction also covered topics such as facilitating smoother financial transactions, logistics connectivity and market access.
