India-Russia Develop Ties

Updated:3 years, 7 months ago

Moscow (Russia), Nov 10 (ANI/TV BRICS): India and Russia are successfully developing cooperation. Trade between the countries is growing. In first 6 months of 2022 it has added more than 120%. The figures were shared by participants in the Moscow forum--"India meets the world. India-Russia: New Horizons for Business". Trade, investment were discussed by businessmen, politicians and representatives of public organisations. In their opinion, digitalisation is one of the main development tools. Today, a special software can suggest a strategy for entering a new market. It compares the prices of suppliers and competitors and calculates the level of profit. The development was highly appreciated by experts. Representatives of the Moscow Chamber of Commerce and Industry talked about possible support. Another topic was finance. In the field of payment systems some market participants are convinced that the future lies in close integration, or even joint projects between several countries. One of them is the Russian-Indian "Brics Pay" system. Developers say the project is scalable and open to international partners. The forum participants compared the peculiarities of setting up production in Russia and India. From hiring employees to obtaining necessary approvals, experts noted the particular potential of joint work in the energy and beauty industries, and also in food security.

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India-Russia Develop Ties

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