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Date: 13/11/2024

India-Russia trade target of $100 bn realistic: EAM

India-Russia bilateral trade target of $100 billion by 2030 is more than realistic but the balance of trade tilted hugely in Moscow’s favour needs urgent correction, said Mr S. Jaishankar, External Affairs Minister, while addressing the India-Russia Business Forum in Mumbai. He reiterated India’s strong resolve to boost connectivity, market and investment linkages to achieve the target. Outlining several key areas that will drive future economic cooperation between India and Russia, Dr Jaishankar said the continued development of the International North-South Transport Corridor, the Chennai-Vladivostok Maritime Corridor and the Northern Maritime Route are vital for enhancing logistical networks between the two nations. Beyond trade, the Minister emphasised the importance of collaborative efforts in sectors such as energy, fertilisers, education and films as instrumental in forging a broader cultural and economic bond, said a report.
 
Sourcve: Exim News Service: Mumbai, Nov. 12



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