India, Russia Target $50 Billion in Mutual Investments by 2030, Including Critical Minerals and Green Technology

India and Russia have agreed on a target of $50 billion (around ₹4.42 lakh crore) in mutual investments by 2030, as both countries look to expand economic engagement beyond trade, as per news reports.  

The target was discussed at the meeting of the India-Russia Joint Working Group on Priority Investment Projects in Moscow. The meeting was co-chaired by DPIIT Secretary Amardeep Singh Bhatia and Russian Deputy Minister of Economic Development Vladimir Iliychev. 

Focus on Industrial Projects 

The discussions centred on increasing investments through joint projects in sectors identified by both governments. These include advanced manufacturing, green hydrogen, energy storage, metallurgy, mining, critical minerals, and new technologies. 

Officials also agreed to encourage companies from both countries to explore investment opportunities and undertake projects through private sector partnerships. No individual investment proposals or financial commitments were announced during the meeting. 

India Highlights Business Environment 

The Indian delegation presented recent policy reforms, investment opportunities and developments across manufacturing and industry. Officials also highlighted India's skilled workforce and industrial base while outlining areas where Russian companies could invest or partner with Indian firms.  

The presentation formed part of discussions to increase investment flows between the two countries rather than introduce new policy measures. 

Industry Bodies Attend Moscow Forum 

Representatives from the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) were part of the Indian delegation and attended the Russia-India Investment Forum in Moscow.  

The CII delegation was led by Rajasekharan Jambulingam, Managing Director of Value Energy Technologies Pvt Ltd. The forum discussed industrial cooperation, investment opportunities and supply chain development between businesses from both countries. 

India and Russia’s Recent Bilateral Engagement 

The meeting follows a series of discussions for expanding economic cooperation between India and Russia.  

Last month, India's Ambassador to Russia, Vinay Kumar, spoke about the "Making in Russia for India" approach during the St Petersburg International Economic Forum, identifying fertilisers, mining and critical minerals as areas for cooperation.  

The $50 billion investment target is expected to serve as a reference point for future government-level discussions and private sector engagement, with both countries continuing to identify projects across the priority sectors in the run-up to 2030. 

Read More: Piyush Goyal Urges 10-Fold Growth in Toy Exports Over Four Years, Reaffirms Government's Support for QCOs! 

Conclusion  

India and Russia have outlined priority sectors and a long-term investment target, with government agencies and industry bodies expected to continue engagement on identified projects over the coming years. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.