Addis Ababa, April 11, 2025 (FMC) – Moscow and New Delhi have agreed on six new strategic projects to stimulate investment, India’s Ministry of Commerce and Industry said.
The two sides discussed the topic at the 8th Session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP), TV BRICS reported, citing Asian News International (ANI).
More than 80 entities, including entrepreneurs, financial institutions, companies, business chambers and officials from both countries actively participated in the forum.
The session was jointly chaired by Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade of the Indian Ministry of Commerce and Industry, and Vladimir Ilichev, Deputy Minister of the Russian Ministry for Economic Development.
The office said the meeting was successful and the co-chairs signed a protocol outlining numerous projects of strategic importance to both India and Russia.
The main objective of the meeting is to strengthen economic ties between the two countries by identifying and promoting joint initiatives in sectors of mutual interest.