Prime Minister Narendra Modi (R) and Russian President Vladimir Putin (PTI photo) New Delhi: India and Russia on Friday vowed to scale up bilateral trade to $100 billion by 2030, with PM Narendra Modi saying the target could be ach-ieved “well ahead of schedule”.”Considering the tremendous potential in our partnership, I am confident that we will achieve this target well ahead of schedule. We are making rapid progress towards this goal,” Modi said, recalling the target of $100 billion that he and President Vladimir Putin had set last year. The two leaders were speaking at the India-Russia Business Forum.Modi said India and Russia could jointly drive growth in the Global South with India’s leadership in affordable EVs, two-wheelers and CNG mobility and Russia’s strength in advanced materials, and could collaborate in vaccine development, cancer therapy and automotive components.The PM said both countries were “actively working” towards the early conclusion of the Free Trade Agreement with the Eurasian Economic Union – comprising Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan.Putin said Moscow wanted to deepen cooperation across security, economy, trade and culture. “What we want is the development of our multi-faceted relations with India in various fields,” he said. Russian companies, he added, were ready to “increase manifold” their purchases of Indian goods and services.He stressed that free trade would require resilient payment systems and insurance mechanisms, an issue that has complicated settlements since financial sanctions on Russia. Putin said Russia was looking to expand energy cooperation with India and ready to ensure uninterrupted fuel shipments. Moscow, he said, was open to joint work on small modular reactors and even floating nuclear power plants. He also wanted to enhance industrial cooperation with a focus on new technologies such as AI.The first round of talks on FTA between India and the Russia-led Eurasian Economic Union began last week. India wants to increase the composition of products in its trade basket with Russia as India exported goods worth $4.9 billion to Russia in 2024-25, while importing goods worth $63.8 billion, primarily crude oil and petroleum products, with a trade imbalance of $59 billion.End of ArticleFollow Us On Social MediaVideos”Next Year in Russia…” Deputy PM Manturov Urges Indian Companies to Expand Bilateral Trade”Ordinary Indians Pay Price” Rahul Gandhi Calls Indigo Chaos The ‘Cost Of Monopoly Model’India, Russia Renew Call for Inclusive UN Security Council Structure: MEAPutin Says Russia Didn’t Come Only for Energy, Seeks Bold Multifaceted Partnership with IndiaCentre Orders High-Level Probe As IndiGo Flight Operations Set To Normalise In 3 DaysImran Khan Tagged ‘Security Threat’ As Pakistan Army Launches Fiercest Public Attack In Years‘Not Here Only For Energy’: Putin Seeks Broader India-Russia PartnershipPM Modi Urges Putin To Build New Economic Axis As India Becomes Emerging Skilled Capital Of WorldSpiceJet Chairman Ajay Singh Calls IndiGo Crisis ‘Unfortunate’, Offers 100 Extra FlightsPakistan Supports China’s Arunachal Lie As Putin Meets Modi Amid Major India Russia Cooperation123PhotostoriesVijay Deverakonda, Pelli Choopulu and Arjun Reddy; Breakthrough performances that redefined the Telugu lover boyRajesh Khanna-Dimple Kapadia, Saif Ali Khan-Kareena Kapoor Khan; Bollywood marriages spanning age gapsLifestyle expert shares five ‘safe’ ways to drink alcohol if at all one should8 common mistakes people make while making rotis and easy fixes9 fiber-rich dishes made with flattened rice (poha) for breakfastBigg Boss 19: Shehbaz Badesha calls Tanya Mittal fake and irritating; breaks silence on father being trolled for ‘overly friendly’ behaviour with female contestantsAdrian Chiles’ skin cancer diagnosis: How he spotted the symptoms that made all the differenceHow Bhagavad Gita can heal unknown childhood trauma and unlock blockages for success in lifeNutrition fact of the day: Greek yogurt has twice the protein of regular yogurt5 clever animals that deceive predators by playing dead123Hot PicksIndigo Flight DelayPutin India VisitWorld NewsGold rate todaySilver rate todayPublic Holidays NovemberBank Holidays NovemberTop TrendingLos Angeles Lakers vs Boston CelticsNBA trade RumorsOmarion HamptonCandace OwensAryna SabalenkaTrey BensonTravis KelceGeorge PickensStefon DiggsTaylor Swift

Prime Minister Narendra Modi (R) and Russian President Vladimir Putin (PTI photo) New Delhi: India and Russia on Friday vowed to scale up bilateral trade to 0 billion by 2030, with PM Narendra Modi saying the target could be ach-ieved “well ahead of schedule”.”Considering the tremendous potential in our partnership, I am confident that we will achieve this target well ahead of schedule. We are making rapid progress towards this goal,” Modi said, recalling the target of 0 billion that he and President Vladimir Putin had set last year. The two leaders were speaking at the India-Russia Business Forum.Modi said India and Russia could jointly drive growth in the Global South with India’s leadership in affordable EVs, two-wheelers and CNG mobility and Russia’s strength in advanced materials, and could collaborate in vaccine development, cancer therapy and automotive components.The PM said both countries were “actively working” towards the early conclusion of the Free Trade Agreement with the Eurasian Economic Union – comprising Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan.Putin said Moscow wanted to deepen cooperation across security, economy, trade and culture. “What we want is the development of our multi-faceted relations with India in various fields,” he said. Russian companies, he added, were ready to “increase manifold” their purchases of Indian goods and services.He stressed that free trade would require resilient payment systems and insurance mechanisms, an issue that has complicated settlements since financial sanctions on Russia. Putin said Russia was looking to expand energy cooperation with India and ready to ensure uninterrupted fuel shipments. Moscow, he said, was open to joint work on small modular reactors and even floating nuclear power plants. He also wanted to enhance industrial cooperation with a focus on new technologies such as AI.The first round of talks on FTA between India and the Russia-led Eurasian Economic Union began last week. India wants to increase the composition of products in its trade basket with Russia as India exported goods worth .9 billion to Russia in 2024-25, while importing goods worth .8 billion, primarily crude oil and petroleum products, with a trade imbalance of  billion.End of ArticleFollow Us On Social MediaVideos”Next Year in Russia…” Deputy PM Manturov Urges Indian Companies to Expand Bilateral Trade”Ordinary Indians Pay Price” Rahul Gandhi Calls Indigo Chaos The ‘Cost Of Monopoly Model’India, Russia Renew Call for Inclusive UN Security Council Structure: MEAPutin Says Russia Didn’t Come Only for Energy, Seeks Bold Multifaceted Partnership with IndiaCentre Orders High-Level Probe As IndiGo Flight Operations Set To Normalise In 3 DaysImran Khan Tagged ‘Security Threat’ As Pakistan Army Launches Fiercest Public Attack In Years‘Not Here Only For Energy’: Putin Seeks Broader India-Russia PartnershipPM Modi Urges Putin To Build New Economic Axis As India Becomes Emerging Skilled Capital Of WorldSpiceJet Chairman Ajay Singh Calls IndiGo Crisis ‘Unfortunate’, Offers 100 Extra FlightsPakistan Supports China’s Arunachal Lie As Putin Meets Modi Amid Major India Russia Cooperation123PhotostoriesVijay Deverakonda, Pelli Choopulu and Arjun Reddy; Breakthrough performances that redefined the Telugu lover boyRajesh Khanna-Dimple Kapadia, Saif Ali Khan-Kareena Kapoor Khan; Bollywood marriages spanning age gapsLifestyle expert shares five ‘safe’ ways to drink alcohol if at all one should8 common mistakes people make while making rotis and easy fixes9 fiber-rich dishes made with flattened rice (poha) for breakfastBigg Boss 19: Shehbaz Badesha calls Tanya Mittal fake and irritating; breaks silence on father being trolled for ‘overly friendly’ behaviour with female contestantsAdrian Chiles’ skin cancer diagnosis: How he spotted the symptoms that made all the differenceHow Bhagavad Gita can heal unknown childhood trauma and unlock blockages for success in lifeNutrition fact of the day: Greek yogurt has twice the protein of regular yogurt5 clever animals that deceive predators by playing dead123Hot PicksIndigo Flight DelayPutin India VisitWorld NewsGold rate todaySilver rate todayPublic Holidays NovemberBank Holidays NovemberTop TrendingLos Angeles Lakers vs Boston CelticsNBA trade RumorsOmarion HamptonCandace OwensAryna SabalenkaTrey BensonTravis KelceGeorge PickensStefon DiggsTaylor Swift


Delhi, Moscow vow to ramp up trade to $100bn by 2030

Prime Minister Narendra Modi (R) and Russian President Vladimir Putin (PTI photo)

New Delhi: India and Russia on Friday vowed to scale up bilateral trade to $100 billion by 2030, with PM Narendra Modi saying the target could be ach-ieved “well ahead of schedule”.“Considering the tremendous potential in our partnership, I am confident that we will achieve this target well ahead of schedule. We are making rapid progress towards this goal,” Modi said, recalling the target of $100 billion that he and President Vladimir Putin had set last year. The two leaders were speaking at the India-Russia Business Forum.Modi said India and Russia could jointly drive growth in the Global South with India’s leadership in affordable EVs, two-wheelers and CNG mobility and Russia’s strength in advanced materials, and could collaborate in vaccine development, cancer therapy and automotive components.The PM said both countries were “actively working” towards the early conclusion of the Free Trade Agreement with the Eurasian Economic Union – comprising Russia, Armenia, Belarus, Kazakhstan and Kyrgyzstan.Putin said Moscow wanted to deepen cooperation across security, economy, trade and culture. “What we want is the development of our multi-faceted relations with India in various fields,” he said. Russian companies, he added, were ready to “increase manifold” their purchases of Indian goods and services.He stressed that free trade would require resilient payment systems and insurance mechanisms, an issue that has complicated settlements since financial sanctions on Russia. Putin said Russia was looking to expand energy cooperation with India and ready to ensure uninterrupted fuel shipments. Moscow, he said, was open to joint work on small modular reactors and even floating nuclear power plants. He also wanted to enhance industrial cooperation with a focus on new technologies such as AI.The first round of talks on FTA between India and the Russia-led Eurasian Economic Union began last week. India wants to increase the composition of products in its trade basket with Russia as India exported goods worth $4.9 billion to Russia in 2024-25, while importing goods worth $63.8 billion, primarily crude oil and petroleum products, with a trade imbalance of $59 billion.





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