Commerce Minister to lead delegation of state CMs to Russia

Commerce Minister to lead delegation of state CMs to Russia

Agency News

New Delhi, Aug 10 : Union Commerce and Industry Minister Piyush Goyal will lead a delegation of state Chief Ministers and business representatives to Vladivostok in the Russian Far East to explore investment opportunities and strike close partnerships with the Far East provinces. 'Look forward to leading a delegation of Chief Ministers of Uttar Pradesh, Gujarat, Haryana, Goa & several Industry representatives on a three-day visit to Vladivostok in Russia to explore investment opportunities in Russia's Far East region,' said Mr Goyal in a tweet here on Saturday. The three-day visit will be from August 11-13.

The delegation includes Goa Chief Minister Pramod Sawant, his counterparts -- Vijay Rupani in Gujarat, Manohar Lal Khattar in Haryana, and Yogi Adityanath in Uttar Pradesh -- and an official from Assam. The Chief Ministers of States will be accompanied by business delegations who will engage with officials and businessmen from the provinces in Russia’s eastern most territory. The Commerce Minister’s visit is a precursor to the visit of Prime Minister Narendra Modi to Vladivostok in early September for the 5th edition of the Eastern Economic Forum where he will be the chief guest for the 20th edition of the Forum. It is an international forum held every year at Vladivostok in Russia to support the economic development of Russia’s Far East region and to expand international cooperation in the Asia-Pacific region.

This visit by Mr Goyal will set the stage for further strengthening of bilateral ties between the two countries and also see major announcements on collaborative projects for the economic success of the Far East region of Russia. India is looking to gain from the investment-friendly Russian stance in the natural resource-rich region, which includes significant incentives and tax breaks allowing Indian investments and labour for projects. Indian entities are already engaged in key sectors like power, coal, oil and gas, and this visit by Mr Goyal, along with the delegation, will increase India’s footprint in the region further.UNI