India Business Delegation To Visit Russia And Discuss Agriculture Trade Prospects
The Indian exporters' group said on Friday that an Indian business delegation will travel to Russia from April 24 to 27. This is a new indication of growing bilateral trade ties as Moscow increasingly turns east in reaction to Western sanctions imposed over the Ukraine war.
The declaration comes after Denis Manturov, the minister of trade and industry for Russia, visited Delhi earlier this week to discuss the impending signing of a free trade agreement (FTA).
According to A. Sakthivel, head of the Federation of Indian Export Organisations (FIEO), "the 50-member delegation would meet buyers in Moscow and St. Petersburg," adding that they hoped to increase Indian exports to Russia to $5 billion in the current fiscal year, which began this month.
According to the official, the exporters anticipate signing contracts for the sale of a variety of goods, including tea, sugar, coffee, dairy, meat, and marine items.