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Russia Seeks Broader Industrial Partnership With India as Trade Reaches $64 Billion

Speaking at a CII summit in Visakhapatnam, Russia outlined plans to deepen India‑focused manufacturing.

Overview

  • Deputy minister Alexey Gruzdev said Moscow is pursuing expanded cooperation in rail engineering, civil aviation, drones and potential auto production.
  • TMH’s Kinet Railway Solutions project for Vande Bharat trains is advancing with staged localization, workforce training in Latur, a new depot in Jodhpur and an engineering center in Hyderabad.
  • UAC and HAL signed a memorandum on SJ‑100 production with a phased approach from initial aircraft deliveries to licensed manufacturing, after‑sales support and specialist training.
  • Russia signaled readiness for joint automobile manufacturing in India for the local market, though no substantive negotiations have begun.
  • Bilateral trade grew about 12% last year to nearly $64 billion, driven by Russian energy and fertilizers and India’s industrial exports, with Andhra Pradesh courting aviation and other industrial hubs.