Economic Forum Seeks To Strengthen Ties Between India And Russia

by Nikita Roy in

A  54-member delegation of CEOs organized by the Confederation of Indian Industry (CII) joined more than 8,000 representatives in Russia for the 2017 St. Petersburg International Economic Forum (SPEIF).

India’s delegation organizer and CII President Shobana Kamineni stated, “Projects such as the ‘Green Corridor’ between India and Russia to promote trade facilitation and the International North South Transport Corridor need to be expedited.” To achieve this goal, Make-in-India-related achievements were showcased, highlighting opportunities for potential partners from abroad.

Ramesh Abhishek, Secretary of the Department of Industrial Policy and Promotion (DIPP) said, “A dedicated cell would be set up within Invest India to promote Russian investment in India.” 

Chandrajit Banerjee, Director General of CII, discussed knowledge and technology-based sectors as another way for Russia and India to work together.

SPEIF annually gathers decision-makers from emerging economic powers to identify and address key challenges facing Russia, emerging markets, and the world at large.

This year’s event marked the 10th delegation from India and the 70th anniversary of diplomatic ties between the two countries.


  1. Prime Minister Modi posing for a photograph with Indian and Russian CEO Delegation at the Make in India Pavilion at in Russia. (CII Photo)
  2. Ramesh Abhishek, Secretary- Dept of Industrial Policy & Promotion, Ministry of Commerce & Industry, Government of India; Atul Chaturvedi, Additional Secretary — DIPP, Ministry of Commerce, Government of India; Satish Reddy, Chairman, Reddy’s Laboratories Limited; Shobana Kamineni, President, CII & Executive Vice Chairperson, Apollo Hospitals Enterprise Limited, and Chandrajit Banerjee, Director General, CII; inaugurating the Make In India Lounge at SPIEF-2017, St. Petersburg Russia. (CII Photo)
  3. (L-R) Vineet Mittal Managing Director, Welspun Energy; R V Deshpande, Minister for Large & Medium Industries and Infrastructure Development, Government of Karnataka; M V Ramana, EVP and Head — Branded Markets, Dr. Reddy’s Labs; D V Prasad, Additional Chief Secretary, Government of Karnataka. (CII Photo)