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Plenty of new opportunities for Indian business in Russian market: Envoy

In a foreword in the Russia Digest magazine on the occasion of the 75th year of the establishment of diplomatic relations between India and Russia, Russian Ambassador Denis Alipov said both sides are for upholding the central role of the United Nations (UN) towards "just and equal multipolarity" and "opposing unilateral and confrontational approaches".

June 12, 2022 / 21:37 IST
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Russia deeply cherishes its "equal and respectful" relations with India, and the multidimensional cooperation between the two strategic partners is among the world's "most elaborate" ones, Russian Ambassador Denis Alipov has said.

The envoy has also said the positions of the two countries on "core issues remain similar or coinciding" and that there are plenty of new opportunities for the Indian business in the Russian market, especially against the backdrop of the withdrawal of many western companies from the country. A significant number of western business entities are leaving Russia over its attack on Ukraine as well as the subsequent economic sanctions imposed against it by the United States and Europe.

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In a foreword in the Russia Digest magazine on the occasion of the 75th year of the establishment of diplomatic relations between India and Russia, Alipov said both sides are for upholding the central role of the United Nations (UN) towards "just and equal multipolarity" and "opposing unilateral and confrontational approaches". He said Russia and India continue to successfully implement flagship initiatives, which make the cooperation "unparalleled".

Among those, the envoy said are the Kudankulam nuclear power plant project in Tamil Nadu, the AK-203 rifles manufacturing programme and the production of the main battle tanks as well as frigates, submarines and Brahmos missiles. He also said the delivery of S-400 air defence missile systems to India is proceeding well in accordance with the schedule.