India, Russia to discuss bilateral trade ties today
New Delhi, Sept. 10 -- Commerce and industry minister Piyush Goyal will meet his Russian counterpart Anton Alikhanov on Thursday in New Delhi to deepen economic cooperation and enhance bilateral trade as New Delhi and Moscow have set a bilateral trade target of approximately $100 billion by 2030, an official said.
"The two ministers will have bilateral discussions as they are scheduled to meet at INNOPROM India 2026," a commerce ministry spokesperson said. The inaugural INNOPROM India is an International industrial trade fair being held from September 9-11 at the Bharat Mandapam, coinciding with the 18th BRICS Summit in New Delhi.
The first ever trade show is expected to attract both investments and boost trade, he said. "India and Russia have set a bilateral trade target of approximately Rs 9.45 lakh crore ($100 billion) by 2030, with the wider economic partnership increasingly focusing on manufacturing, investments, technology cooperation, logistics, localisation and industrial clusters," a commerce ministry's statement said.
India's state-run National Industrial Corridor Development Corporation Ltd (NICDC), which is also participating in the event, see an opportunity to engage directly with Russian companies, technology providers, investors and business delegations and showcase India's industrial corridors as attractive destinations for long-term manufacturing investment, it said.
"At INNOPROM India 2026, NICDC showcased opportunities under the National Industrial Corridor Development Programme," it said....
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