Thursday, October 27, 2016
Russia is a Friend, it Stood by India in Darkest Hours: Chemezov
With deals over $12 billion in kitty this month, including leasing of a second nuclear submarine, Russia hopes to bag more projects as it termed itself not just a business partner but an “ally” who stood by India in its “darkest hours”
At a time when India is poised to become a global manufacturing hub for mobile phones and components, Pankaj Mohindroo, National President, Indian Cellular Association (ICA), has asked Chinese companies to partner with Indian firms for setting up a manufacturing base in the country
Over the weekend, Russia and India issued a joint statement in which "the Russian Federation expressed its interest in engaging Indian companies to participate in joint projects to develop Russia’s Arctic shelf."
With a wide geographical distance separating the BRICS nations - Brazil, Russia, India, China and South Africa - the economic connections between these countries don't seem close when measured by the volume of bilateral investment and bilateral trade