World Trade Center Mumbai in association with All India Association of Industries organized a Business Mission on Industrial Solutions and Sustainable Development Technologies in collaboration with the Russian Export Center and the Trade Representation of the Russian Federation in India at World Trade Center Mumbai. The programme brought together Russian and Indian industry leaders, government officials, technology providers and business communities to explore opportunities for bilateral trade, technology partnerships and industrial collaboration.
Visit turconews.click for more information.
Adv. Ashish Jaiswal, Hon’ble Minister of State, Government of Maharashtra and MLA, Ramtek Constituency, said, “Maharashtra is moving forward towards the goal of becoming a one trillion-dollar economy with accelerated industrial growth, world-class infrastructure, a strong manufacturing ecosystem and a future-ready skilled workforce under the vision of Viksit Maharashtra 2047. Maharashtra offers immense potential for Russian businesses as long-term partners in this journey of growth. We see significant opportunities to jointly develop technology and industrial clusters with Russian companies in Maharashtra, particularly in green energy, hydrogen and clean technologies.”
“Gadchiroli is emerging as a new engine of growth with strong mineral resources and improving connectivity, offering significant opportunities in steel, mining, heavy engineering and manufacturing. By combining Russian strengths with Maharashtra’s industrial capabilities, we can create futuristic manufacturing hubs and expand bilateral economic cooperation,” added Mr. Jaiswal
Mr. Ivan Y. Fetisov, Consul General of the Russian Federation in Mumbai, said, “Russia and India share a special, stable and predictable relationship. India has pursued a balanced foreign policy, which creates confidence and predictability for expanding bilateral trade ties. We are confident that this business delegation’s visit to India will lead to successful partnerships and productive business engagements between Russian and Indian companies.”
Dr. Vijay Kalantri, Chairman, World Trade Center Mumbai and President, All India Association of Industries, said, “Russia has always been India’s trusted partner in trade, business and diplomacy. Bilateral trade between India and Russia has crossed USD 68.7 billion, reflecting the growing strength and strategic importance of economic cooperation between the two countries. There is immense potential to diversify beyond traditional trade and strengthen collaboration in sectors such as mining, steel, capital goods, manufacturing and technology in Maharashtra, India’s premier industrial state.”
“As India progresses towards becoming a USD 5 trillion economy and advances towards the vision of Viksit Bharat 2047 with the aspiration of building an over USD 30 trillion economy, there is immense scope for deeper cooperation with Russia in technology transfer, joint ventures, investments and advanced manufacturing. Russia’s support during the recent energy crisis reflected the strength of this longstanding partnership. Both countries can work together to strengthen industrial partnerships, expand technology-led collaboration and achieve the shared target of USD 100 billion in bilateral trade by 2030,” said Dr. Kalantri
Mr. Andrey O. Sobolev, Trade Representative of the Russian Federation in India said, “For more than 70 years, the Trade Representation of the Russian Federation in India has supported the development of industrial and technological collaboration. Russia and India are entering a new stage of economic partnership focused on sustainable development solutions and resilient supply chains. Significant opportunities exist in advancing partnerships in manufacturing, energy, chemicals, pharmaceuticals and IT.”
Mr. Mamed Akhmedov, Head of Representative Office of the Russian Export Center in India, said, “We promote ‘Made in Russia’ brands both in Russia and across global markets. Russian companies meet the highest standards of innovation, quality and reliability. Since 2018, our Mumbai office has been actively fostering bilateral trade and has successfully implemented hundreds of projects between Russian and Indian businesses. In 2025 alone, over 1,200 Russian companies utilized our support for engagement with India, leading to signed contracts worth nearly USD 1.4 billion.”
The programme featured dedicated presentations by leading Russian companies showcasing advanced industrial solutions and sustainable development technologies across a wide spectrum of sectors. The session was followed by extensive B2B interactions, enabling Indian and Russian businesses to explore new opportunities for trade partnerships, investments, technology transfer and long-term industrial collaboration across strategically important sectors.