India, Russia to attain US$ 30 bn trade by 2025

In an interaction between Russia’s Deputy Prime Minister Yuri Trutnev and India’s Commerce and Industry Minister, Shri Piyush Goyal during August 11-13 in Vladivostok (Russia), it was decided to diversify and deepen cooperation in priority sectors to meet the bilateral trade target of US$ 30 billion by 2025. During this meeting, several MoUs were signed between regions of the Russian Far East and 5 Indian states on strengthening cooperation in the areas of trade, economy, investment, scientific and technical cooperation. There was also a decision to collaborate with Indian states in the fields of energy, gold and diamond mining, agriculture and food-processing.