India-Russia trade is undergoing a major structural reset, transitioning from a relationship dominated by energy and defense into a diversified economic partnership. President Vladimir Putin and Prime Minister Narendra Modi formalized a blueprint for long-term economic integration with targets to reach US$100 billion by 2030. Explore the Russia-India business corridor. Find analysis on bilateral trade, strategic joint ventures, and investment opportunities. Key intelligence for companies in this growing partnership.
Rosoboronexport, the Russian state agency for defence exports, has signed a US$248 million contract with New Delhi for engines for the Indian Army’s T-72 tanks. The deal includes technology transfer to support local production under New Delhi’s ‘Make in India’ initiative, which aims to increase self-reliance on domestic defence manufacturing. The agreement includes the procurement […]
The Fruit Association Gardens of Stavropol LLC, one of the largest fruit nurseries in Russia, has exported its first batch of apple saplings to India, according to Vladimir Vladimirov, the head of Stavropol Territory. He said that “The varieties were chosen together with Indian specialists – those that best suit India’s soils and climate. The […]
Russia’s leading cosmonaut, Oleg Artemyev, has been visiting India attending the NXT Conclave and has met with Prime Minister Narendra Modi to discuss space collaboration. Artemyev said that “India and Russia have been cooperating in space for six decades, and this collaboration will expand on a wide front to include lunar projects, Mars exploration, and […]
Dagestan’s Makhachkala Commercial Sea Port (MCSP) is negotiating the export of fertilizers and timber products to Asia and the Middle East, according to Sergei Melikov, the Head of the Dagestan Republic. He was speaking during a conference on the development of transport in Dagestan. The Republic is part of the Russian Federation and has a […]
A new logistics line for commercial transportation, dubbed the “Thai Express” will connect Russia’s Novorossiysk Port to Bangkok. It has been created by A7 Holdings and Novostal-M, with the first ships of the Thai Express to commence service from July this year. Delivery will take at least 30 days. In addition, the cargo turnover from […]
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Russia boosted exports of baby food 14% year-on-year to over 28,000 tonnes in 2024, according to the Russian Agriculture Ministry’s Agroexport centre. Russian baby food manufacturers have been developing new markets over the past two years, with companies such as Progress, whose main brand is FrutoNyanya, preparing to export its products to the markets of […]
Trade between India and Russia using the International North South Transport Corridor (INSTC) almost doubled last year, according to Russian Railways official Dmitry Kryukov. New Delhi is increasing the volume of exports via the route as it looks to reduce its substantial trade deficit with Moscow. Kryukov said that “The net cost of the service […]
Russia and India have agreed a new defence logistics deal that aims to enhance coordination in exercises, disaster relief, and other joint operations, the Russian Ministry of Defence has announced. The Reciprocal Exchange of Logistics Agreement (RELOS) was signed following a meeting between Russian Deputy Defense Minister Colonel-General Alexander Fomin and India’s ambassador to Russia, […]
Russia is increasing liquefied natural gas production and exports despite sanctions and could expand shipments to India, First Deputy Energy Minister Pavel Sorokin has said. He was speaking at the India Energy Week in New Delhi, and said that India, already the largest buyer of Russian crude oil, could also become a major market for […]
Agricultural trade between India and Russia has grown by more than 60% in the past year, Russian Deputy Prime Minister Dmitry Patrushev said during current talks with India’s Ambassador to Russia, Vinay Kumar. “We are interested in further developing mutual trade,” Patrushev said during the meeting, adding that Russia is ready to increase exports of […]
India’s Minister of Defence, Rajnath Singh has described Russia as a “longtime and reliable partner” in the security and defence sector. Speaking on the sidelines of the Aero India show that is currently underway in Bangalore, Singh highlighted the strong ties between the two countries, noting that Indian state-owned defence companies are now producing Russian […]
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