A delegation of the Embassy of the Republic of India in the Russian Federation, headed by the Deputy Head of the Economic and Commercial Department of the Embassy of the Republic of India in the Russian Federation, Mr. Navodit Verma, arrived in the Bashkir capital to explore the directions and prospects of economic and business cooperation.
On April 23, the official delegation met with representatives of the Administration of Ufa, where they discussed issues in the field of economics, investments, and industry. The deputy head of Ufa City Administration Nikolai Fadeev and the heads of the city administration’s structural divisions - the economy and investment department Timur Khafizov, the department for work with industrial and municipal enterprises and tariff regulation Elena Suvorova, and the deputy head of the education department Vadim Arslanov, represented the municipality.
During the event, the parties discussed possible forms of cooperation between Bashkortostan, its capital and India, including the implementation of investment projects in the field of construction, transport, oil and gas industry and machine production through teleconferences or within the framework of further meetings.
As a result of the meeting, the participants concluded that there is a great potential for further mutually beneficial and effective cooperation between the Administration of Ufa, companies and organizations of India. The parties expressed confidence that the meeting will give a positive impetus to the further development of bilateral ties. In particular, due to the restrictions associated with the new coronavirus infection, an agreement was reached to intensify online contacts in order to expand cooperation ties through holding meetings in the format of video conferencing.
In 2020, the trade between Bashkortostan and India amounted to more than 113 million US dollars. The priority areas in terms of investment interaction are mechanical engineering, information technology and others.