Chief Minister Pramod Sawant, who is part of a high-level Indian delegation led by Union Minister for Commerce and Industry Piyush Goyal that has been on a visit to Far East Russia, chaired a sectoral session in Vladivostok, Russia, on Monday.
He held discussions on minerals, metals, rare earths and fisheries with business people from both the countries.
Bringing foreign investments to India has been at the top of the agenda of the Modi government. And to achieve the aim, the Indian delegation has been on three-day visit to Far East Russia.
“An excellent interactive session on increasing ties with Russia’s Far East region led by Union Minister of Commerce and Industry Piyush Goyal with a business delegation from India during the ongoing visit to Vladivostok, Russia,” Sawant tweeted.
A memorandum of understanding on cooperation in coal production and tourism was signed by Sawant with Governor of Kamchatka Vladimir Ilyukhin in Vladivostok, Russia. The Chief Minister also interacted with the visiting Indian business delegation for enhancing ties with Russia’s Far East region.
UNI ADDS FROM VLADIVOSTOK: Five Indian states on Monday signed five memoranda of understanding on cooperation in
various sectors, ranging from diamond to tourism, with five regions of the Russian Far East.
The Indian delegation comprising Goyal and Chief Ministers of Goa, Gujarat, Haryana and Uttar Pradesh and over 100 business people is currently visiting the Russian Pacific city of Vladivostok.
During the day, the delegation members held meetings with heads of the Russian Far Eastern regions and businesses.
“We discussed about investment in the Far East region leading to greater economic opportunities and trade between the two countries,” Goyal said.
Goa signed a memorandum of understanding with Kamchatka territory on cooperation in coal production and tourism.
Uttar Pradesh and Zabaykalsky territory signed an MoU on cooperation in agriculture and food production.
Haryana concluded a document with the Sakhalin region on cooperation in oil and gas industry. Maharashtra and Buryatia signed a MoU on cooperation in machine building and tourism.
Gujarat and Yakutia also agreed to cooperate in diamond production.
The Russian Far Eastern Federal University, which hosted a meeting between Russian and Indian delegations, also signed a memorandum of understanding with the Amity University on mutual opening of representative offices and cooperation in education.
The National Skill Development Corporation also signed an MoU with Russia’s Far Eastern Agency.
The visit of the Indian delegation comes less than a month ahead of the Eastern Economic Forum, which will have Prime Minister Narendra Modi as the chief guest.
Goyal voiced confidence that a dozen MoUs would be signed during Modi’s visit.
“When the Prime Minister visits the EEF, we will have over a dozen MoUs that are being planned to be executed at that time, some of which we are discussing today and will finalise over next 20 days,” he explained.
While Goyal led the Indian side, Yury Trutnev, the presidential plenipotentiary envoy to Russian Far Eastern federal district and Deputy Prime Minister, headed the Russian delegation to the talks.
Sectors like energy, processing and packaging, vocational training and higher education exchanges were discussed in the bilateral talks. “We are seeing certain products where we can look at skilling the Russian people for carrying out activities of production and processing; for example the diamond industry is coming in a big way to explore the potential in the Far East. You have a lot of diamond manufacturing, but the processing is not done in Russia. I am going to discuss with Russian leaders as to how we can skill Russian people…, “ Goyal told Sputnik news agency.
Goyal also hoped for direct flights between New Delhi and the Russian Far East.
“That is one of the areas that I would like to discuss today with the Russian leadership because I believe that will be a first step to have greater engagement between Russia and India, particularly the Far East region. I am sure we can mutually work out a mechanism by which we can have more direct flights between the Far East, at least, to begin with, Vladivostok and Delhi. This will give a big boost to business on both sides,” he said.
The minister hoped that there would be more interactions between the two sides in future, and exuded confident of a return visit to India by Russian business people.
“I would think that it would be a logical outcome of any such engagement because ultimately it is partnership that will define the success of the Indian-Russian joint ventures. I am quite confident that by going forward we will see more and more Russian businesspersons coming to India to discuss potential opportunities together, whether it’s in Russia or in India,” the Union minister hoped.