The Ministry of Commerce & Industry, Govt. of India, Ministry of Industry & Trade of the Russian Federation, Russian Export Centre and Confederation of Indian Industry (CII) is organizing a Russia-India Forum on Interaction between Small and Medium Enterprises on 21st February at Hotel Hyatt Regency, Sahar, Andheri (E), Mumbai.
Hon’ble Mr. Denis Manturov, Minister of Industry & Trade of the Russian Federation and Hon’ble Mr. Suresh Prabhu, Minister of Commerce & Industry and Civil Aviation, Government of India will inaugurate the Forum.
Some of the important sectors which will be discussed at the Forum include Digital Technologies, Waste Management, Healthcare, Pharmaceuticals & Bio-Technology and Food & Agriculture.
The forum will provide a conducive platform to the SMEs in Russia and India to interact and explore business collaborations. It will extend handholding support to the SMEs and guide them through the international trade regimes and market regulations. India has planned to reach $50 billion bilateral trade target and for this, Russia and India must promote cooperation between small and medium-scale enterprises (SMEs) in Russian regions and Indian states.
The key components of the Forum include:
● Participation of Commerce Minister of India and Trade Minister of Russia
● SME Forum of 100+ Russian and150+ Indian industrialists
● Panel Discussion / Roundtable on boosting trade through Manufacturing & Services
● Panel Discussion / Roundtable on opportunities for Start Ups & Micro enterprises
● Structured B2B, B2G and G2G Meeting
Expected Outcomes of the Forum:
● Increased resonance of “Brand India” in the bilateral and global mindscape
● Increased awareness among potential investors about investment opportunities in India
● Sharing of the policy landscape and the best practices of Indian Industry among the Russian participants
● Imprinting the importance of Small and Medium Enterprises (SMEs) in the strengthened Russia-India bilateral relations
● Growth in export-import, investments, JVs, co-manufacturing, etc. through facilitation of structured B2B Meetings between Russian and Indian businesses in various sectors.
● Creating opportunities for Indian SMEs and other private sector industry in developing cutting edge technology, working towards innovation, scale and adeptness through Russia collaboration.
