{"id":84462,"date":"2018-12-29T16:12:36","date_gmt":"2018-12-29T23:12:36","guid":{"rendered":"http:\/\/www.lankaweb.com\/news\/items\/?p=84462"},"modified":"2018-12-29T16:12:36","modified_gmt":"2018-12-29T23:12:36","slug":"russia-india-trade-turnover-to-surge-three-fold-by-2025","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2018\/12\/29\/russia-india-trade-turnover-to-surge-three-fold-by-2025\/","title":{"rendered":"Russia-India trade turnover to surge three-fold by 2025"},"content":{"rendered":"

Courtesy RT<\/em><\/span><\/h2>\n
The volume of trade between Russia and India has been steadily growing and exceeded $10 billion last year. The two nations are aiming to boost trade and encourage investment.<\/div>\n
\n

According to Russia\u2019s Federal Customs Service, the trade turnover between Russia and India has been hovering between $8 billion and $10 billion over the past several years. Machines and equipment, mineral commodities, oil and oil refining products, precious stones and metals account for the bulk of Russian exports,\u201d<\/em>\u00a0Vice President of the Russian Chamber of Commerce and Industry Vladimir Padalko told TASS.<\/p>\n

ALSO ON RT.COM<\/span>Russia & India seek to boost trade, switch to national currencies<\/span><\/span><\/span><\/a>He said that the leaders of Russia and India have\u00a0set a reasonable task of bringing the trade turnover between the two countries to $30 billion, and mutual investments to $15 billion by 2025.\u201d<\/em><\/p>\n

READ MORE:<\/strong>\u00a0Russia to construct 6 nuclear power plant units in India<\/strong><\/a><\/p>\n

Padalko added that the expansion of Russia\u2019s exports to India is possible by increasing supplies of energy, transport, metals and mining equipment, oil, gas, coal, agriculture equipment, ferrous and non-ferrous metals, timber and newsprint, chemical products and fertilizers, and so on.<\/p>\n

ALSO ON RT.COM<\/span>India suggests setting up special economic zone for Russian companies<\/span><\/span><\/span><\/a>In October, during his official two-day visit to India, Russian President Vladimir Putin said the expansion of trade and investment interactions is a priority for both nations.<\/p>\n

New Delhi had earlier suggested setting up a special economic zone for Russian companies. The two countries also discussed creating a \u2018green corridor\u2019 for the smooth transit of goods. They want to create a list of entrepreneurs or companies whose goods will be exempt from regular customs inspections.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Courtesy RT The volume of trade between Russia and India has been steadily growing and exceeded $10 billion last year. The two nations are aiming to boost trade and encourage investment. According to Russia\u2019s Federal Customs Service, the trade turnover between Russia and India has been hovering between $8 billion and $10 billion over the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-84462","post","type-post","status-publish","format-standard","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/84462","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=84462"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/84462\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=84462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=84462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=84462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}