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Russian Export and Import Figures During 2001-2006|| Russian Indian Projects
Russia-India: Geopolitical Project

 

 

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26-27/03/2009 - India-Russia Joint Task Force (JTF) Meeting held

In the sphere of bilateral economic cooperation, the second meeting of the India-Russia Joint Task Force (JTF) for Economic Cooperation was held in Moscow on 26-27 March. The meeting was co-Chaired by Mr. Neeraj Kumar Gupta, Joint Secretary, Ministry of Commerce, from the Indian side and Ms. E. V. Danilova, Director of the Department of External Economic Relations, Ministry of Economic Development, from the Russian side. The JTF reviewed the status of bilateral trade and noted with optimism the significant increase witnessed during the current financial year. Under sectoral discussions, the JTF addressed the areas of agriculture & food production; chemicals, petrochemicals and pharmaceuticals; fertilizers; construction and engineering services; transportation; and tourism. The JTF called for expeditious removal of restrictions on import of Indian plant products to Russia. Several Russian companies displayed interest in establishing joint ventures in India and Russia in the spheres of pharmaceuticals, fertilizers, agro-processing and construction & engineering services. In the pharmaceuticals sector, where India has emerged as the most reliable supplier of quality generic drugs to Russia, the JTF recommended exploring the possibility of setting up of joint ventures in both countries. In the fertilizer sector, the JTF underlined the need for identifying partners for setting up joint ventures in Russia for long-term supply of fertilizers to India.

 

10/04/2009 - Year of India in Russia 2009. Calendar of Proposed Science & Technology Events         SI. No Name of the Event Duration, Venue and Number of persons Russian Agency 1. Workshop on Biomedical Technology April 6-10, 2009 Moscow 5 Scientists Russian Academy of Sciences 2 Workshop on Catalysis May 11-13, 2009 Novosibirsk 10 Scientists Russian Foundation for Basic Research and Institute of Catalysis, Novosibirsk 3. Workshop on High Performance Computing May 11-16, 2009 Moscow 10 Scientists Russian Foundation for Basic Research and Institute of Computer Aided Design. 4. Workshop on Current trends in immunoassay based environment contaminants monitoring May 15-18, 2009 Moscow 10 scientists Russian Foundation for Basic Research and M.V.Lomonosov Moscow State University, Faculty of Chemistry, Moscow 5. Workshop on Preparation and characterization of silicon for photovoltaic application July 6-8, 2009 Novosibirsk 10 scientists Russian Foundation for Basic Research and Institute of Inorganic Chemistry of SB RAS, Novosibirsk 6. Indian S&T Week (including ILTP*Joint Council at Dubna on 15-16 Sep 2009) September 14-18, 2009 Moscow , St. Petersburg Novosibirsk Dubna 30 senior scientists and 20 young scientists Russian Academy of Sciences Ministry of Education & Sciences Russian Foundation for Basic Research 7 Workshop on Physiology September 14-16, 2009 St. Petersburg 10 scientists Russian Academy of Sciences and Pavlov Institute of Physiology, St. Petersburg 8 Workshop on Chemical Sciences September 14-16, 2009 Moscow Russian Academy of Sciences 9. Workshop on Astronomy and Astrophysics Sept. 14-18,2009 Nizhniz Arkhyz 5 scientists Russian Foundation for Basic Research and Special Astrophysical Observatory., Russian Academy of Sciences 10. Workshop on Nanotechnology September 14-18 St. Petersburg loffe Physico Technical Institute, Russian Foundation for Basic Research and Russian Academy of Sciences 11. Workshop on Structure and properties of organic and organometallic crystals Sept. 14-19,2009 Novosibirsk 10 scientists Russian Foundation for Basic Research and Institute of Solid State Chemistry and Mechanochemistry, Novosibirsk 12. Workshop on Seismology September 2009 Moscow 10 scientists Russian Academy of Sciences and Institute of Physics of the Earth, Moscow 13. Workshop on Life Sciences September 14-16, 2009 Moscow Russian Academy of Sciences 14. Exhibition on Indian Ancient Science October 2009 - Pedagogical University Penza November / December 2009 Ural State University Ektarinburg International Society for Protection of Culture, St. Petersburg 15. Exhibition on Indian S&T Can be on the margins of Indian Trade Promotion Organization (ITPO) Main Exhibition 5-7 scientists   * ILTP - Integrated Long Term Programme for Science & Technology cooperation between India and Russia

 

10/04/2009 - Year of India in Russia in 2009. Calendar of Proposed Economic & Commercial Events             Name of the Organisation / Counterpart Organisation in Russia Name of Event No. of Persons to Visit Russia Proposed Date/ Duration Of Event 1 CLE COUNCIL FOR LEATHER EXPORTS / LENEXPO, St-Petersburg HIPPOSPHERE - 2009 10 MEMBERS (MINIMUM) + 1 CLE REPRESENTATIVE MAY 1-4 2 ESC ELECTRONIC & COMPUTER SOFTWARE COUNCIL / Expocentre SVIAZ-EXPOCOMM - 2009   MAY 12-15 3 CLE COUNCIL FOR LEATHER EXPORTS / Turkel Fair Org. LESHOW - 2009 5 MEMBERS (MINIMUM) + 1 CLE REPRESENTATIVE   MAY 27-29 4 GJEPC Gem & Jewellery Export Promotion Council / RESTEC JUNWEX Moscow- 2009 5 Members September 12-17 5 Ministry of Commerce & Industry, FICCI, ÑII India-Russia Forum on Trade and Investment Large delegation from Government side as well as Indian Trade Bodies and Companies Dates under discussion 6 Tea Board / ITE World Food-2009 Tea /Festivals/Exhibitions in major cities viz: Moscow, St-Petersburg, Nizhny Novgorod   September 15-18 7 Synthetic and Rayon Textiles Export Promotion Council / Messe Frankfurt RUS HEIMTEXTIL RUSSIA 2009 10 companies with delegation of 15 representatives September 21-24 8 CLE Council for Leather Exports / MosShoes MOSSHOES 2009 About 7 exporters are expected to take part September 23-26 9 ITPO Indian Trade Promotion Organisation A mega show in Moscow/St-Petersburg for exhibiting products from India A large number of various EPCs, Commodity Boards to participate September 30 - October 3 10 PHARMEXCIL Pharmaceutical Export Promotion Council / EvroExpo "ÀÃ�ÒÅÊÀ"   November 10-13 11 CHEMEXCIL Basic Chemicals, Pharmaceuticals & Cosmetics Export Promotion Council International Chemical Assembly (is held on even years)     12. CHEMEXCIL / Expocentre 15 th International Exhibition "Chemistry 2009" (is held on odd years)   September 28- October 2

 

10/04/2009 - Year of India in Russia 2009. Proposed Cultural Events*

Mask and Make-up Dances of India Contemporary Dance Drama Bal Ulhas Mela (open air programme oriented towards children) Martial Art and Martial Dance Sama – Direction in Sufi music Classical Dances of India Theatre Film Weeks Food Festivals Fashion Shows Ayurveda Seminars Yoga Seminars/lecture-cum-demonstrations Participation at the Moscow International Book Fair in September as the Guest of Honour country ‘Incredible India’ Tourism events *Events planned in Moscow and in the Regions of the Russian Federation

Russian IndianTrade & Economic Ties


After the dissolution of the Soviet Union, Trade and economic relations between Russia and India were drastically affected for sometime. Since the beginning of the 1990s till 1994, bilateral annual trade between the two countries was less than U$$ 1 billion, whereas it had attained more than U$$5.5 billion during the Soviet time. However, by 1999-2000, annual commodity circulation between the two countries stably kept at the level of U$$ 1.5 billion.

 

 

Indian basic export items to the Soviet Union were tea, tobacco, rice, fabrics, oils, cloths, chemicals, medicines,etc.Even though the quality of goods was often low,Ussr accepted the delivered items which were p[art of repayment towards from the Soviet union. Even after the fall of Soviet Union, India still continues import of trade including fertilizers, iron, scrap metal, paper, and energy carriers. By 2000, Russia and India started to search additional spheres in trade and economic cooperation as the two countries realized that ‘traditional’ modes of imports and exports couldn’t increase the trade levels between them.

 

After the first presidential visit of Mr.Vladamir Putin in 2000 to New Delhi,the two countries agreed that U$$ 1.5 billion trade scope,constituting 1.5-2percent from the total import and export, is obviously insufficient. Technologies,industrial equipments,and software were included in the first of the new trade items. By 2002, commody circulations between Russia and India reached U$$2.1 billion, and in 2003 it increased up to US$3.3 billion. Further, in 2004 the graph of trade jumped up to US$4.2 billion. The balance of Russia- India trade during the last few years started to lean towards Russia’s benefit, as it used to be in the Soviet times. Russian export exceeds the import almost five times ($2.7 billion against $584 million in 2003).

Inter-governmental Commision on Trade, Economic,Scientific,Technical and Cultural Cooperation,established in 1992,consisting of 11 subgroups, is the major mechanism of economic relation between the parties. During the tenth session of the commission at New Delhi in November 2004, Vice-Premier of the Russian Federation,Alexander Zhukov announced major directions of trade and cooperation. And establishment of the International Transport Corrider(ITC) –“South-North� from Europr to India,South and Southeast Asia,has marked a significant part of mutual cooperation between the two countries. During the Session,nuclear power engineering, new information and communication technologies,medical research,and space exploration were listed among the leading sphere of high-tech partnerships.

 

Software Relation

 

As India is quickly turning into a trendsetter in software production and new technologies, the country is rapidly growing at an anuual rate of more than 40 percent in the field. Profits in Indian software exports are comparable of revenues of Russian exports of gas to the European countries. During the presidential visit of Mr. Vladamir Putin to India in December 2004, he presented a more convenient system of paying off debts by investing funds on joint software projects in the Indian cyber city of Banglore.

 

Target 2010

 

Russia and India have established a new milestone in bilateral and economic relation. India has given its consent to its counterpart’s access to the worls Trade Organization (WTO), and both the sides setting up a Joint Study Group(JSG) to finalise a roadmap for increasing bilateral trade turnover to U$$10 billion by 2010. On 6 February, 2006 at New Delhi. The Protocol on Compltion of Bilateral Negotiations on the Accession of Russia to the WTO, and the Memorandum of Understanding (MoU) on Cooperation between the Ministry of Commerce & Industry of India, and the Ministry Economic Development and Trade of the Russian Fedeartion were signed by Shri Kamal Nath, Minister of Commerce and Industry on behalf of the Government of India, and by Mr.German Gref, Minister for Economic Development and Trade, on behalf of the Government of Russian federation.

 

“India was Looking forward of Russia’s early Accesion to the Wto for Further Cooperation in the multiteral trade forum on the basis of mutual benefit�, said Shri Kamal Nath, The India Minister of Commerce and Industry. Finalisation of the protocol marked the completion of bilateral negotiations between the two countries in Connection with accession to the WTO. Besides envisaging increase in bilateral trade turnover to U$$10 billion by 2010, the MoU signed during the bilateral meeting declared a view to examine the feasibility of signing a Comprehensive Economic Cooperation Agreement (CECA) between the two countries under the JSG.

 

The India Minister of Commerce and Industry, Shri Kamal Nath, requested for early finalization, and signing of intergovernment draft agreement regarding the export of Indian tobacco through a joint venture to be set up in Russia by an Indian company which would procure tobacco in India. Shri kamal Nath also requested for facilitaning set up of a joint venture between India tea companies and Russian business houses in order to augment export of quality tea from India.

 

Cooperation in diamond trade between Russia and India also figured out in the discussion gicing the fact that India is one of the largest processing centres of rough diamonds, and Russia on the other hand, is one of the world’s largest producers of rough diamonds. So, cooperation in this sector through bilateral trade would be of mutual advantages. The protocol for cooperation in diamonds was signed during the visit of President Mr.Vladamir Putin to India in October 2004. In this context, Shri kamal Nath urged the Russian Minister of Economic Development and Trade, to expedite the decision agreed by both sides for inclusion of MMTC India Ltd in the list of regular participants for aution and tenders in selling rough diamonds bu Alrosa, Russia. As, Indo-Russian trade tie is on the rise. The significant strengthening of Russian influence in the South-Asia achieved through all these means may lead to the reviving of the South idea of creation of a powerful triple (Russia-India-China) alliance.

 

Russian Export and Import Figures During 2001-2006|| Russian Indian Projects
Russia-India: Geopolitical Project