India and Russia Deepen Investment Ties with 6 New Strategic Projects

In a significant step towards strengthening economic relations, India and Russia have jointly agreed to initiate 6 new strategic projects aimed at enhancing bilateral investment cooperation. This development was part of the 8th session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP), convened on 9 April in New Delhi. The session, held under the aegis of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation, showcased the growing alignment between the two nations in sectors of mutual economic interest.

Strategic Projects and Protocol Signing

The session was co-chaired by Amardeep Singh Bhatia, Secretary of the Department for Promotion of Industry and Internal Trade (DPIIT), and Vladimir Ilichev, Deputy Minister of the Ministry for Economic Development of the Russian Federation. A comprehensive protocol was signed, outlining collaborative ventures of strategic importance across key sectors. These initiatives are expected to bolster mutual investments, deepen sectoral collaboration, and accelerate economic engagement. The protocol also included a review of outcomes from the previous (7th) session, ensuring continuity and progress in the bilateral investment agenda.

India-Russia Investment Forum 2025

Running parallel to the working group session, the 2nd edition of the India-Russia Investment Forum was held in association with Invest India, the Indian Chamber of Commerce (ICC), and the Russian Ministry for Economic Development. The forum served as a vibrant platform for engagement, drawing participation from over 80 Indian and Russian entities, including entrepreneurs, financial institutions, cargo companies, business chambers, and researchers. The diverse representation highlighted the broad-based interest in deepening economic collaboration between the two nations.

Conclusion

The outcomes of the 8th IRWG-PIP session and the India-Russia Investment Forum underscore a shared commitment to expanding economic cooperation. With six new strategic projects now in the pipeline, both countries are poised to explore new frontiers in investment and trade, reinforcing their long-standing partnership on a firm economic foundation.

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