April 11, 2025
The meeting took place under the broader India-Russia Intergovernmental Commission framework, aiming to expand bilateral cooperation in mutually beneficial sectors
The session was followed by the 2nd India-Russia Investment Forum, which featured participation from over 80 stakeholders, including business leaders, financial institutions, and government officials
Both nations reaffirmed their commitment to deepening investment collaboration as a key driver of their strategic economic relationship
India-Russia relations have seen significant growth across defence, trade, science, and cultural cooperation since the 2000 Strategic Partnership declaration and its 2010 upgrade to a Special and Privileged Strategic Partnership
India and Russia have taken a fresh step forward in their long-standing partnership by agreeing on six new strategic investment projects aimed at reinforcing bilateral economic cooperation. The announcement was made during the 8th Session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP), held in New Delhi.
The session was convened under the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological, and Cultural Cooperation. It focused on enhancing joint efforts in key sectors of mutual interest, as outlined in a press release issued after the event.
Co-chaired by Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (Ministry of Commerce and Industry), and Vladimir Ilichev, Deputy Minister at the Ministry for Economic Development of the Russian Federation, the meeting marked a milestone in bilateral investment dialogue. The co-chairs signed a protocol that formally highlighted the six new projects and took stock of outcomes from the previous session.
Following the working group session, the 2nd India-Russia Investment Forum was held in collaboration with Invest India, the Indian Chamber of Commerce (ICC), and Russia’s Ministry of Economic Development. Over 80 organisations, including entrepreneurs, financial institutions, cargo companies, trade chambers, and government officials from both nations, participated robustly.
Both countries reiterated their strong commitment to strengthening investment and trade ties, reflecting the strategic nature of their economic partnership. The collaboration spans several high-impact domains, further reinforcing the multifaceted nature of bilateral ties.
Russia has long been regarded as one of India’s most reliable strategic partners. The India-Russia Strategic Partnership, formalised during President Vladimir Putin’s visit to India in October 2000, laid the foundation for broad-based cooperation. A decade later, this relationship was elevated to a “Special and Privileged Strategic Partnership” during President Putin’s 2010 visit—an upgrade that has since enabled deepening collaboration across political, defence, technological, and cultural domains.
As both countries continue to explore new avenues for joint projects and trade integration, the momentum from the IRWG-PIP and Investment Forum underlines a shared vision for long-term economic synergy.
Source: Economic Times