Overview
- Commerce Secretary Rajesh Agrawal met Deputy Minister Vladimir Ilyichev in Moscow for the 26th working‑group meeting and signed a comprehensive protocol on trade and economic cooperation.
- India pressed for a systems‑based approach with Russia’s FSVPS and expedited listing of Indian establishments to open market access for marine exports.
- The Indian side proposed a time‑bound, predictable pathway for pharmaceutical registrations using regulatory reliance to speed entry into the Russian market.
- Priority expansion areas were identified across engineering goods, chemicals and plastics, electronics, pharmaceuticals, agriculture, leather and textiles, alongside services such as IT‑BPM, healthcare, education and creative industries.
- India showcased its Global Capability Centre network of over 1,700 centres employing about 1.9 million professionals, as both sides agreed to explore payments solutions for businesses, especially MSMEs, and noted Russian interest in a bilateral investment treaty.