Amidst the US tariff war, External Affairs Minister S. Jaishankar appealed to Russian companies to invest in India. He highlighted 'Make in India' and India's 7% growth rate as significant opportunities for Russia and emphasized the need for balanced trade.
India Russia Trade: The 50% tariff imposed by the US on India has shaken international trade equations. Amidst this tariff war, India has begun taking new steps to safeguard its economic interests. In this context, External Affairs Minister S. Jaishankar's message to Russia is considered highly important. He has extended an open invitation to Russian companies to invest in India. He stated that India's rapidly growing economy and initiatives like 'Make in India' offer substantial opportunities for foreign investors. India is not only the fastest-growing economy in Asia but also has the potential to become a global investment hub in the coming years.
Plans to take trade with Russia to new heights
In his address, External Affairs Minister Jaishankar stated that the time has come to take trade relations between India and Russia to new heights. India is a 4 trillion dollar economy and is growing at a rate of 7% annually.
In such a scenario, investment by Russian companies and partnerships with Indian companies can be beneficial for both countries. Jaishankar also mentioned that India's economic policies are designed in a way that foreign investors not only find a secure investment environment but also have a high potential for long-term gains.
'Make in India' to become a major platform for Russia
Jaishankar clarified that initiatives like 'Make in India' are providing foreign investors with a golden opportunity to expand trade and manufacturing in India. India is undergoing rapid modernization and urbanization, creating significant demand in sectors such as manufacturing, energy, transportation, and chemicals. He said that Russian companies can not only meet domestic needs by collaborating with India but also increase their stake in the global market by manufacturing products here.
Strong India-Russia relations, but trade deficit a concern
The External Affairs Minister praised the b political and strategic relations between India and Russia. He said that the world acknowledges that India and Russia have fostered one of the most stable relationships among major countries. However, despite this, trade cooperation between the two countries has been relatively low. Currently, the scope of trade between India and Russia is limited, and the trade deficit has also increased. Jaishankar believes that the time has come to bridge this gap and make trade relations as b as political relations.
Need for balanced and diverse trade
In his address, Jaishankar also stated that it is extremely important to diversify and balance India-Russia trade. If trade remains limited to only a few sectors, it will not be sustainable in the long run. Therefore, investment and cooperation should also be promoted in new sectors such as agriculture, energy, chemicals, machinery, and technology. He said that it is necessary for both countries to expand the scope of trade and explore new opportunities.
Open invitation to Russia for investment in India
The External Affairs Minister has extended an open invitation to Russian companies to invest in India. He said that India's economic policies are favorable for foreign investors. By investing here, they will not only benefit from a rapidly growing market but also ensure long-term stability. Jaishankar believes that investing in India for a reliable partner like Russia will prove to be a beneficial deal for the future of both countries.
Major opportunities in energy, chemicals, and infrastructure
Jaishankar specifically mentioned sectors such as energy, chemicals, fertilizers, machinery, and infrastructure. He said that India's growing population and rapid urbanization are creating huge demand in these sectors. In the coming years, investment opportunities in road, rail, energy, and construction-related projects in India will further increase. If Russian companies utilize this opportunity correctly, they can become important partners in India's development.
