“The robust growth in trade is a testament to the strengthening of our ties. Recent discussions between leaders of both nations on diversifying the trade basket and boosting investments in multiple sectors provide strong momentum,” Kozlov said. He lauded the enduring partnership between India and Russia, emphasizing mutual trust and shared interests as the foundation of their economic cooperation.

Key sectors identified for deeper collaboration include railways, pharmaceuticals, information technology, aviation, and cybersecurity. Kozlov also highlighted emerging opportunities for Indian businesses in Russia, particularly in the wake of Western companies withdrawing after the Ukraine conflict.

The BCC emphasized the need to expand partnerships in advanced areas such as artificial intelligence, robotics, critical metals like lithium and cobalt, and urban development. Kozlov echoed this sentiment, stating, “Our goal is to transcend raw material trade and position ourselves as leaders in technology-driven industries.”

BCC Senior Vice-President Naresh Pachisia proposed establishing a trade desk at the Russian Federation’s office in Kolkata to facilitate business interactions. "This will strengthen networks between Indian and Russian enterprises and accelerate trade and investment growth,” he said.

The historic trade achievement underscores the evolving India-Russia partnership, with a focus on innovation, diversification, and sustained economic collaboration.

“The robust growth in trade is a testament to the strengthening of our ties. Recent discussions between leaders of both nations on diversifying the trade basket and boosting investments in multiple sectors provide strong momentum,” Kozlov said. He lauded the enduring partnership between India and Russia, emphasizing mutual trust and shared interests as the foundation of their economic cooperation.

Key sectors identified for deeper collaboration include railways, pharmaceuticals, information technology, aviation, and cybersecurity. Kozlov also highlighted emerging opportunities for Indian businesses in Russia, particularly in the wake of Western companies withdrawing after the Ukraine conflict.

The BCC emphasized the need to expand partnerships in advanced areas such as artificial intelligence, robotics, critical metals like lithium and cobalt, and urban development. Kozlov echoed this sentiment, stating, “Our goal is to transcend raw material trade and position ourselves as leaders in technology-driven industries.”

BCC Senior Vice-President Naresh Pachisia proposed establishing a trade desk at the Russian Federation’s office in Kolkata to facilitate business interactions. "This will strengthen networks between Indian and Russian enterprises and accelerate trade and investment growth,” he said.

The historic trade achievement underscores the evolving India-Russia partnership, with a focus on innovation, diversification, and sustained economic collaboration.