Indian ambassador names key steps for boosting trade with Russia
India and Russia are in talks for a free trade pact, New Delhi’s Moscow envoy Vinay Kumar said at Innoprom 2026 Read Full Article at RT.com
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New Delhi and Moscow are also working to remove non-tariff barriers, New Delhi’s envoy said at Innoprom 2026 Meta:
New Delhi and Moscow have made progress in talks to boost trade, India’s ambassador to Russia has said.
Speaking at Russia’s main investment and trade platform Innoprom 2026 on Monday, Vinay Kumar said that the two countries are negotiating a bilateral investment protection agreement and working to remove non-tariff barriers, particularly with regards to agriculture and food products.
India-Russia trade is now at about $58 to $60 billion, and both countries are pursuing a trade target of $100 billion by 2030 that was set during Russian President Vladimir Putin’s visit to India in December.
Kumar said that Indian businesses were responding “very positively and actively” to the country’s expanding diplomatic presence, citing New Delhi’s Consulate General in Ekaterinburg that was opened in November.
