India PR Distribution
Vladivostok [Russia], September 2: ‘Russia – India: Developing Technological Partnerships to Enhance Business Sustainability’ – this was the title of the skilled dialogue held by Sber on the XI Eastern Economic Forum. The dialogue was moderated by Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank.
Participants mentioned mutual investments, logistics, human sources, prospects for cooperation in IT, prescribed drugs, and trade, in addition to new initiatives able to enhancing enterprise sustainability in each nations.
Opening the dialogue, Alexander Vedyakhin introduced knowledge from a research by the Observer Research Foundation (ORF) on the attitudes of younger Indians towards varied nations.
Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank:
‘Russia ranked first in satisfaction with the state of bilateral relations – 72%. For comparability: Japan has 69%, the US – 56%, and China – solely 31%. And what’s much more necessary – the identical 72% of younger Indians think about our nation a possible main companion for the subsequent 10 years. This is greater than the US (61%) and even Japan and Australia. But the important thing level just isn’t the odds themselves, however their stability. A 12 months in the past it was 73% – nearly the identical determine, whereas satisfaction with relations with the US plummeted from 86% to 56%. The research’s authors immediately state: the Russian-Indian partnership is perceived as a secure and ongoing dialogue. But this knowledge isn’t just a motive for pleasure. We have sturdy reputational capital amongst India’s city educated youth – however by itself, it doesn’t outline sectoral priorities. It must be translated into on a regular basis issues: Russian items on Indian cabinets, joint workplaces, handy journey, and clear enterprise initiatives’.
Alexander Vedyakhin additionally famous that the signing of a brand new funding settlement between Russia and India would offer traders with extra ensures and function a driver for additional progress in mutual investments.
Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank:
‘Currently, Russia’s share in India’s complete funding quantity is lower than 1%. However, it might be incorrect to say there isn’t a momentum. The progress in investor curiosity in actual property is especially noticeable. According to Colliers India, within the first half of 2026, the amount of institutional investments reached $4.5 billion, rising by 50% year-on-year and reaching a report excessive. Office actual property grew to become the most important vacation spot for capital, attracting over 40% of all investments. Sber is one in every of such traders. We are persistently increasing our presence in India, together with in actual property. Not way back, we acquired two enterprise facilities in New Delhi. The mission might be accomplished in 2028 and can create a brand new infrastructural basis for Russian enterprise presence in India’.
Igor Levitin, Advisor to the President of the Russian Federation and Special Representative of the President for International Cooperation in Transport, spoke about adjustments in Russian-Indian relations over the previous 12 months. The speaker emphasised that Russia continues to produce oil to India, whereas India has begun supplying gasoline to Russia. The largest quantity of cargo in the present day is mineral fertilizers – 6.5 million tons, which helps cut back the prevailing commerce imbalance.
Ashish Kumar Chauhan, CEO of the National Stock Exchange of India, famous that India is presently the world’s fastest-growing main financial system, with its market capitalization exceeding $2 trillion and progress of 31% within the first half of the 12 months. Key drivers embrace the expansion of the center class (from 16 to 130 million traders throughout Prime Minister Modi’s tenure) and the cell revolution, which has made investments accessible. India invests 30% of its GDP into itself. The speaker particularly highlighted the launch of the primary joint funding index for retail traders, developed by Sber and the State Bank of India, confirming the shut cooperation between the monetary establishments of the 2 nations.
Vitaly Altabaev, First Deputy Minister of the Russian Federation for the Development of the Far East and the Arctic, reported that commerce turnover between the Far East and India grew by 50% over the previous 12 months. He additionally introduced the creation of an innovation and know-how heart on Russky Island, the primary constructing of which has already been constructed and launched. The platform is concentrated on areas the place India is historically sturdy: biotechnology, prescribed drugs, and IT.
Ajay Sahai, CEO of the Federation of Indian Export Organisations (FIEO), famous that potential and alternatives are various things, and exports don’t develop on their very own. India’s share in Russian imports is presently lower than 2%, however the objective is to achieve $100 billion by 2030. To obtain this, systemic points must be addressed: logistics, supply occasions, frequent requirements, and market entry. Since 2026, volumes have begun to develop, however reaching a brand new degree requires joint work throughout all areas.
Discussion individuals answered the query: ‘Which sectors are anticipated to see probably the most dynamic progress in Indian exports to Russia?’ The hottest solutions had been: equipment, fruits, prescribed drugs, tea, IT, and chemical compounds.
Ivan Nosov, CEO of SberIndia, commented on the survey outcomes. According to him, if 2-3 years in the past the principle imports from India had been tea and rice, in the present day the image is altering. There is a SberIndia Business Development mission that selects Indian suppliers to satisfy the wants of Russian companies: over 8 months of 2026, the entire turnover of profitable SME offers exceeded the complete 2025 determine by nearly 11 occasions. Supplies of equipment, electronics, industrial gear, automotive elements, and batteries are rising. In the textile sector, technical textiles for trade and medication have gotten a driver. Traditional items – tea and rice – usually are not going anyplace, however specialised equipment, chemical compounds, electronics, and gear are the objects that can present multiple-fold progress within the coming years. Diversification is going on on all fronts, and this conjures up actual optimism.
Participants then answered the mirror query: ‘What will drive Russian exports to India?’ Leading positions had been taken by equipment, copper, meals merchandise, oil, and fertilizers.
Pyotr Zaselsky, Chairman of the Management Board of JSC Roseximbank (a part of the Russian Export Center), famous that the construction of Russian exports to India nonetheless has a bias – nearly 90% is uncooked supplies and power. However, he highlighted 4 areas for sturdy growth: equipment, meals merchandise, fertilizers, and copper. To promote non-resource exports, the primary ‘Made in Russia’ pavilion – an info and tasting venue the place contracts may be signed – opened in Mumbai. Already, 37 Russian corporations have change into residents. The concept of allocating a separate ‘Made in Russia’ shelf in Indian retail chains and growing on-line commerce by a nationwide on-line retailer can also be being explored.
Vladimir Padalko, Vice-President of the Russian Chamber of Commerce and Industry, thanked the SberIndia staff for his or her contribution to the event of commerce relations. He extremely appreciated the potential of small and medium-sized companies and spoke in regards to the Indian Culture Festival held in Moscow, which was attended by a report variety of company.
Alexander Basansky, head of the Arbat Group from Magadan, shared his expertise of cooperation with Indian companions, noting their reliability and friendliness. The firm is actively growing procurement of heavy equipment and chemical compounds and in addition sees nice potential in exporting Magadan gold to India.
Vikram Punia, President of the Pharmasyntez Group of Companies, spoke about the way forward for pharmaceutical cooperation. Over the previous 15 years, the Russian pharmaceutical trade has made an enormous leap ahead: tons of of factories have been constructed, and billions of rubles have been invested. The manufacturing capability of Pharmasyntez alone already exceeds the complete quantity of pharmaceutical imports from India. However, cooperation just isn’t closing down however shifting to new areas: the event of modern medicine (an settlement has been signed with an Indian firm for a brand new antibiotic, with manufacturing scheduled for 2027) and the manufacturing of lively pharmaceutical components.
Representatives of the SberIndia workplace additionally joined the dialogue: President of Cosmos Group Anil Agarwal, President of the Indian Chamber of International Business (ICIB) Manpreet Singh, and Head of Cadila Pharma Raj Pranksh Vyas. Participants famous vital progress in fee pace: transfers from Russia to India are accomplished inside just a few days, whereas inter-corporate transactions are nearly instantaneous.
The subsequent matter of dialogue was labor sources.
Alexander Vedyakhin, First Deputy Chairman of the Management Board of Sberbank:
‘The labor scarcity in Russia by 2030 is estimated at 3 million folks. Just this 12 months, Sber introduced over 40,000 staff from India. In the summer season of 2026, along with our companions, we launched a turnkey recruitment platform: from software to worker onboarding in a single digital circuit. A full package deal of providers has been created for migrants: payroll playing cards, SIM playing cards, medical applications, biometrics, and quick cash transfers. Over the previous 12 months, the variety of Indian customers of cash transfers has grown by 90%, and payroll purchasers from India – by 35%.’
Kirill Kravchenko, Member of the Management Board of Gazpromneft, confirmed that the corporate plans to signal a cooperation settlement with Sber on a platform for importing labor from India. He famous that the joint mission enhances current initiatives, together with the ‘Professional 4.0’ platform for short-term employment, and there are already particular instances of attracting Indian specialists to the manufacturing of needle coke and the event of IT platforms.
Logistics grew to become the ultimate matter of the dialogue. Alexander Kakhidze, General Director of FinInvest LLC, spoke in regards to the ‘dry port’ mission. Igor Levitin added that 75% of India’s imports undergo the Black Sea, making the diversification of routes, particularly by the Far East, extraordinarily necessary. He urged that Sber act as a coordinator for joint logistics ventures.
Summing up, Alexander Vedyakhin thanked the individuals for his or her contribution to the event of relations between India and Russia and reminded that as early as subsequent week, problems with Indian-Russian cooperation might be mentioned on the highest degree on the BRICS summit and at Innoprom in Delhi.
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