Archive · 19 Dec 2025
Russia and India Strengthen Trade Partnership
India and Russia had a big meeting to talk about how they can do more business together.
They want to sell more things like wine and spirits, and also work together on technology.
India has a lot of people, which is great for businesses.
They already trade a lot, and they want to trade even more by 2027.
They also talked about how to make it easier to do business, like making it easier to send money and move things around.
Both countries are excited about working together and think they can do great things.
World Trade Center, Mumbai and All India Association of Industries (AIAI) organized a roundtable meeting with a Russian business delegation to explore bilateral cooperation.
The meeting aimed to strengthen the economic and trade partnership between India and Russia, with a focus on expanding trade beyond energy, defense, and capital goods.
Russia expressed interest in entering the Indian market with products like wine, distilleries, spirits, and mineral water.
India offered its large consumer base and favorable investment policies, particularly in the state of Maharashtra.
Both countries aim to increase bilateral trade to USD 100 billion by 2027, with a current trade volume of USD 68 billion annually.
- Who
- Russian businesses and Indian organizations (World Trade Center, Mumbai and All India Association of Industries)
- What
- Interactive roundtable meeting to explore bilateral cooperation in trade, investments, and technology partnerships
- When
- Not specified
- Where
- Mumbai, India
- Why
- To strengthen economic and trade partnership between India and Russia, and to facilitate Russian businesses entering the Indian market
- Organizers
- World Trade Center, Mumbai and All India Association of Industries (AIAI)
- Participants
- More than 150
- Russian Delegation Focus
- Trade, investments, and technology partnerships
- Current Bilateral Trade
- USD 68 billion annually
- Target Bilateral Trade by 2027
- USD 100 billion
- Key Russian Products
- Wine, distilleries, spirits, and mineral water
- Trade Mechanism
- Rupee-ruble trade mechanism
- Indian Consumer Base
- 1.4 billion