Wait...
Search Global Export Import Trade Data
Recent Searches: No Recent Searches

Russia invites India to resource-rich far east in a bid to counter-balancing China.


Date: 10-03-2017
Subject: Russia invites India to resource-rich far east in a bid to counter-balancing China
NEW DELHI: Moscow’s invitation to New Delhi to enhance its economic presence in Far-Eastern Russia -- a region where Chinese businesses and citizens have made significant inroads – appears to be Kremlin’s attempt to counter-balance Beijing in the resource-rich territory twice India’s size. 

Russian Deputy PM and President Vladimir Putin’s pointsperson for Far-East Russia, Yury Trutnev, is visiting New Delhi next week to attract Indian investments, persons familiar with the development told ET. The visit is being viewed as a key exercise to harness untapped potential in Indo-Russian economic partnership. Diversifying economic relations is a priority for both New Delhi and Moscow. 

The Far Eastern Federal District is the largest but the least populated of the eight federal districts of Russia, with a population of roughly 6.3 million. The region is rich in resources such as unused land, timber, tin, gold, diamonds, and oil and natural gasBSE -0.50 %. The Russian government has announced several initiatives to attract investments in the region, including an agricultural SEZ and the Vladivostok Free Port Project. 

Moscow would also seek investments in the region from companies seeking business opportunities in industries such as timber, coal and diamond mining, and production of metals such as gold, platinum, tin, and tungsten. 

Russian experts who did not wish to be named indicated to ET that Moscow is sensitive to growing Chinese presence – particularly new settlers from the country - in the region. “This pattern could change demographics of Far-east Russia and growing presence of other countries including India will help to bring balance,” pointed out an expert. 

India was the first country to establish a resident consulate in Vladivostok in 1992. India’s existing engagement with the region is limited to isolated pockets, such as the Irkut Corporation in Irkutsk where the Mig and Sukhoi aircraft are built. Other Indian business interests in the region include the $6 billion worth of investments by ONGCBSE -0.50 % Videsh Limited in the Sakhalin 1 hydrocarbon project, according to people familiar with the subject. 

Opportunities for collaboration with Indian companies include such sectors as agriculture, mining, port development and infrastructure, diamond processing, and agro-processing, according to Indian officials. Andhra Pradesh and Punjab have shown interest with some of the projects in these sectors in the Russian Far East.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 18-09-2025
Corrigendum
Corrigendum to Notification No. 9/2025 – Central Tax (Rate) dated 17.09.2025

Date: 17-09-2025
Notification No. 13/2025-Central Tax (Rate)
Seeks to amend Notification No. 21/2018- Central Tax (Rate) dated 26.07.2018.

Date: 17-09-2025
Notification No. 14/2025-Central Tax (Rate)
Seeks to notify GST rate for bricks.

Date: 17-09-2025
Notification No. 37/ 2025-Customs
Seeks to amend Notification No.19/2019-Customs dated 06.07.2019

Date: 17-09-2025
Notification No. 38/ 2025-Customs
Seeks to amend Notification No.29/2025-Customs dated 09.05.2025

Date: 17-09-2025
Notification No. 39/2025-Customs
Seeks to amend Notification No.50/2017-Customs, dated 30.06.2017

Date: 17-09-2025
NOTIFICATIONNo. 15/2025 – Central Tax
Seeks to exempt taxpayer with annual turnover less than Rs 2 Crore from filing annual return.

Date: 17-09-2025
NOTIFICATION No. 16/2025–Central Tax
Seeks to notify clauses (ii), (iii) of section 121, section 122 to section 124 and section 126 to 134 of Finance Act, 2025 to come into force.

Date: 17-09-2025
Notification No. 12/2025-Central Tax (Rate)
Seeks to amend Notification No. 8/2018- Central Tax (Rate) dated 25.01.2018.

Date: 17-09-2025
NOTIFICATION No. 14/2025 – Central Tax
Seeks to notify category of persons under section 54(6).



Exim Guru Copyright © 1999-2025 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001