Russia is working to simplify logistics and payment mechanisms to welcome a wider range of Indian products into its market, senior Russian officials announced at the India–Russia Business Forum in New Delhi.
Maxim Oreshkin, Deputy Chief of Staff of the Presidential Executive Office of the Russian Federation, said India’s export potential remains “underutilised” in Russia and called for greater supplies of consumer goods, food products, pharmaceuticals, telecom and IT equipment, industrial components, and skilled labour. He noted that India’s exports to Russia stood at $4.88 billion in FY25, far below the scale of opportunities, even as both sides target $100 billion in bilateral trade by 2030.
Oreshkin described India as the “fastest-growing large economy,” with over 8% average growth in the past five years, and praised the global stature of Indian companies such as Mahindra, TCS, Wipro, and Tata Motors, noting India’s success in turning around Jaguar and its leadership in exporting generic medicines to over 150 countries.
Highlighting the strategic nature of the Russian delegation’s visit, he stressed that Moscow is keen to deepen trade in both goods and services and aims to make the exchange more balanced across sectors.
Maxim Reshetnikov, Russia’s Minister of Economic Development, said that efforts are underway to remove bottlenecks and improve connectivity through key international transport corridors linking both nations. He added that Russia is investing heavily in AI-driven productivity across industries and sees “huge opportunities” for collaboration in e-commerce and tourism.
Reshetnikov pointed out that less than 1% of Russian tourists currently travel to India, signalling significant room for growth in the hospitality and travel sectors.
The discussions mark a renewed push to strengthen economic cooperation as both countries seek diversified, resilient, and future-ready supply chains.