Considering Russia’s potential in technology, Rajasthan CM made a pitch for strengthening trade relations with Russian delegation, this Dussehra.
Russia, being a super power is technically advanced and adept in engineering, industrial procedures, mining, tourism, mineral extraction, automotive and defence. Russia’s strong relations with India and its growing power in the world can help strengthen Rajasthan’s growth in the aforementioned industries. Keeping this in mind, Rajasthan CM Vasundhara Raje invited Russian delegates to attend Resurgent Rajasthan last year. The visit followed Raje’s trip to Petersburg, Russia (July 2016) for INNOPROM 2016, the international industrial trade fest. Important discussions were held on cultural assets, art, urbanisation, defence, industry development etc. and MOUs were signed between both the countries.
As a result, Russia pledged to increase India’s bilateral trade turnover up to 30 billion dollars with a mutual investment of 15 billion dollars, by 2025. Thus, becoming the first foreign country to participate in Centre’s ‘Make in India’ programme.
Russia Shows Interest in Partnering with Rajasthan
Recently, a few investors from Russia expressed their interest in Rajasthan-based industries. A delegation headed by Honourable Minister of Trade and Industry- Mr. Denis Manturov, met with Rajasthan CM on Dussehra eve, this Tuesday. He was accompanied by other important officials from Moscow, Khabarovsk, Tula and Sverdlovsk. The key purpose of this meeting was to collaborate with Russians over mining and agriculture sectors. Delegates also attended RRBF (Russia-Rajasthan Business Forum), co-organized by CII (Confederation of Indian Industry) and Rajasthan Government.
Mr. Manturov met CM Raje on her residence this Tuesday to consider different areas of cooperation. Russia is willing to partner with India on infrastructure, urban development, agriculture technology, defence manufacturing, pollution control, urban development and heavy machinery manufacturing industry. Stressing on Rajasthan’s strong hold over mining and engineering sectors, CM believes Rajasthan can emerge as an investment hub for automotive industry.
Delegates Enjoyed Multifaceted Indian Culture At Dussehra Celebrations
To promote Indo-Russian cultural exchange, CM invited delegates to attend Raavan Dahan celebrations at Dussehra ground in Aadarsh Nagar, Jaipur on the eve of 12th October. Raje briefed the delegates on significance of this festival for Indians. She encouraged the masses to inculcate moral values and focus on developing a clean, progressive and unified society. The delegates were quite excited about celebrating Dussehra in India.
How this Meeting Can Reinforce Rajasthan’s Growth Potential
Russian delegates visited Mahindra World City in Jaipur that houses 65 national and foreign companies spread over massive 4,600 acres. It’s a joint venture between RIICO (Rajasthan state Industrial Development and Investment Corporation) and MLDL (Mahindra Life-space Developers Limited). Government sees this project as futuristic hub of technology, services and skilled workforce.
State officials are keen about this visit. According to Mr. Gajendra Singh Khimsar, State Industries Minister, Russia is a progressive nation that has covered almost every field relating to development. Rajasthan-Russia partnership will attract foreign venture capitalists to invest in ‘Make in Rajasthan‘ campaign. It’s an excellent opportunity for pursuing business and investment ties with other nations.
Having abundant natural resources, Rajasthan pioneers in mineral extraction, national highway projects and alternate electricity production. It ranks second in Railway networks. Having Russian as the back-end will further strengthen Rajasthan’s growth. These projects will follow other fruitful partnerships in Information Technology in near future, leading Rajasthan towards all-round progress.
