India, Russia to promote infra, banking & digital partnership


NEW DELHI: The Second India-Russia Strategic Economic Dialogue (IRSED) was held here on Wednesday with a eye on partnership in six areas including infrastructure, connectivity, banking and digital world.

The IRSED was held under the chairmanship of Dr. Rajiv Kumar, Vice-Chairman, National Institution for Transforming India (NITI) Aayog and Timur Maksimov, Deputy Minister of the Economic Development of Russia.

The Second meeting of the IRSED shall be focussing on six core areas of cooperation, namely, Development of Transport Infrastructure and Technologies; Development of Agriculture and Agro-Processing sector; Small and Medium Business support; Digital Transformation and Frontier Technologies; Cooperation in Trade, Banking, Finance, and Industry; and Tourism & Connectivity.


The IRSED was established following a bilateral Memorandum of Understanding (MoU) signed between NITI Aayog and the Ministry of Economic Development of the Russian Federation during the 19th edition of the Annual India-Russia Bilateral Summit, which was held on October 5, 2018.

The First India-Russia Strategic Economic Dialogue was held in St. Petersburg between November 25-26, 2018, and was chaired by Mr. Maxim Oreshkin, Minister of Economic Development, Russia and Rajiv Kumar.

ET has learnt that Oreshkin could visit India later this month or August for India-Russia business summit. The two sides also want to collaborate in shipbuilding industry.

Meanwhile forme Deputy PM and current head of Russian space agency Dmitry Rogozin will meet NSA here on Thursday to promote cooperation in space including training for Indian astronauts for Gaganyan mission.

The two sides are also expected to hold Inter Governmental commission soon to prepare for 20th edition of the annual summit in Vladivostok between Sep 4-6.

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