Minister for Development of the Far East and the Arctic is on a working visit to India

Alexey Chekunkov, head of the Far East Development Fund of Russia, is on a working visit to the Republic of India. The Minister held a series of meetings with Indian businessmen in the Indian capital. On 28 March, he held a series of talks with top officials of the Indian Cabinet, as reported by Russian Far East and Arctic Development Corporation.

The key issues on the Russian-Indian agenda are the development of friendly ties, expansion of trade, economic, investment, cultural and humanitarian cooperation in the Far East and the Arctic.

Executives from more than 20 top managers and shareholders of Indian private and state-owned companies, including from the top 100 largest national conglomerates, as well as representatives of sectoral business associations, participated in the extended meeting with Indian business, which was held in New Delhi.

The event was organised by the Ministry for the Russian Far East and Arctic Development Corporation with the participation of the Russian Trade Mission to the Republic of India, VEB.RF, and Rosatom.

During the meeting and negotiations on the margins of the business forum, they discussed the implementation of projects in tourism, development, pharmacology, mining, infrastructure construction, machinery and equipment supply, and food products. A number of Indian companies are considering localising production facilities both in the Far East and in the Arctic regions (in particular, the Murmansk Region). Prospects for developing transport and logistics links between the two countries were discussed, including the use of the Northern Sea Route, as well as Arctic and Far Eastern railway and port infrastructure.

Photo: IStock