Skip to main content

Russia Plus

Russia Plus is the one-stop-shop for exploring and materializing your entry plans to India.

For any information on investing in India or any other query, reach out to us at:

russia.plus@investindia.org.in

Our Existing Relations

India and Russia have been close allies for 70 years. While the relationship started with defence and security cooperation, over the years, Russia has grown to become a prominent trade and economic partner. Russia has invested USD 1.2 bn during 2000-17, with key investment areas being oil & gas, aerospace, defence and financial services.

Some Major Russian Investors:

Highlights

  • Target set for bilateral trade at USD 30 bn by the year 2025. Level of mutual investments expected to reach USD 15 bn by 2025.
  • Of the cumulative FDI inflow of USD 1.2 bn from Russia between April 2000 and March 2017, the telecommunications sector has attracted most investments in India, with 68% share.
  • In March 2017, India and Russia agreed to set up a USD 1 bn fund to promote mutual investments in infrastructure and technology projects.

Recent Investments

  • April 2018

    Russia-based Alrosa, the world's largest diamond mining company, is investing in Mumbai in sales, marketing and support project. Alrosa recently opened up its representative office in Mumbai on the territory of Bharat Diamond Bourse.

  • August 2017

    Russia’s biggest oil producer Rosneft acquired 49% stake in Essar Oil, including its refinery in Gujarat, for USD 12.9 bn.

  • June 2017

    Rosatom and its engineering division Atomenergomash and private firms are discussing mini hydro projects with the Indian government. Building the mini hydro power units is estimated to cost more than USD 1 mn per MW.

  • March 2017

    Sistema Asia Fund, investing in high-tech companies in India, announced expansion of their fund value from USD 50 mn to USD 120 mn, having already invested in start-ups such as Wooplr in Bengaluru and Seclore in Gurugram.

  • January 2017

    Reliance Industries Ltd. JV with Sibur, Russia and Eastern Europe’s largest petrochemical company, is setting-up South Asia’s first butyl rubber production facility at Jamnagar, Gujarat with an expected capital inflow of more than USD 2.3 bn.

Russia Plus

Russia Plus acts as a one-stop solution for investors by providing handholding support that includes business advisory, policy guidance, location assessment, assistance with regulatory approvals, issue redressal and expansion support.

Key Functions

  • Sector-Stakeholder Support
  • Start-up Portal
  • Event Support
  • Mid-market Segment Support
  • Government Liaison
  • Joint Venture Support

Team Advantages

  • Expediting license approval
  • Provide policy advocacy
  • Location Assessment
  • Business Advisory
  • Issue Redressal
  • Russian language proficiency

Our Team Members

Aarati Sharma
Principal Investment Specialist

Head-Russia Plus

Fluent in Russian and German

Manan Jaisinghani
Investment Specialist, Russia Plus

Specializes in Aerospace sector

Arnav Kalia
Investment Specialist, Russia Plus

Specializes in Retail & E-Commerce and Railways sector

We are the inheritors of Russia's legacy and beneficiaries of their hard work and above all, their unwavering faith in this relationship. We are committed to building on this legacy and bequeathing to our youth a strong and vibrant partnership that will contribute to changing the world for the better.

Narendra Modi, Hon’ble PM of India

Russia values the relations of special and privileged strategic partnership with India. I am convinced that through joint efforts we will bring about further development of bilateral political dialogue, fruitful cooperation across all sectors as well as constructive interaction in global affairs. Undoubtedly, it meets the core interests of friendly peoples of our countries.

Vladimir Putin, Hon’ble President of Russia

Our relation with Russia is on a different pedestal and we have a full agenda between us that is important to both of us. We have a clear understanding of our core concerns and vital security interests.

Pankaj Saran, Indian Ambassador to Russia

Success Stories

Sibur and Reliance to setup South Asia’s first butyl rubber plant
Sibur and Reliance to setup South Asia’s first butyl rubber plant

Sibur, Russia’s largest petrochemical company, formed a JV with Reliance Industries Ltd. that has invested USD 450 mn to construct the butyl rubber plant at Jamnagar, India.…

DRDO and NPOM to launch world’s first supersonic cruise missile - Brahmos
DRDO and NPOM to launch world’s first supersonic cruise missile - Brahmos

A JV was formulated between DRDO India and Joint Stock Companies – ‘Military Industrial Consortium’ and ‘NPOM’ Russia in 1998, with an aim to design, develop and market world…

Russian Steel Company – Plans to manufacture CRGO steel in India
Russian Steel Company – Plans to manufacture CRGO steel in India

The company is a leading manufacturer of high-quality steel products globally. It has a diversified product mix ranging from slabs and cold-rolled steel to HDG and pre-…

Sectoral Synergies

Oil & Gas

Highlights

$85.8 bn Exports of crude petroleum from Russia in 2016

$45 bn FDI inflow in the sector in India in next 5 years

$25 bn Cost of 6,000 km long pipeline to transfer natural gas from Siberia to India

Defence

Highlights

31% Share of India’s defence budget spent on capital acquisitions

$10 bn worth bilateral weapons projects in final stage of completion

68% India’s arms imports supplied by Russia

Ports & Shipping

Highlights

$1.6 bn FDI inflows in the sector in India during 2000-17

2,500 MT Expected Cargo traffic in India by 2025

468 mn Cargo passing through Russian ports during 2015-16

Railways

Highlights

$142 bn Investment in the sector in India next five years

$17 bn Expected investment for 35 bullet trains in India by 2022

3rd Largest rail network in the world is in Russia

May 15, 2018 India, Russia working on roadmap to circumvent new US sanctions
May 14, 2018 Narendra Modi to meet Vladimir Putin in Sochi on May 21
Jun 02, 2017 Roscongress Foundation, Invest India sign MOU to promote Indo-Russian investments

If you are considering India,consider us your team

For any further information on investing in India,reach out us at:

russia.plus@investindia.org.in

Indo-Russia Relations

  • India’s Prime Minister meets with the President of Russia for the Annual Bilateral Summit every year since 2000. It is the highest institutionalized dialogue mechanism in the strategic partnership between the two countries.

  • In 2017, the 18th Summit was held in Russia in St. Petersburg and concluded in the signing of 12 documents related to cooperation over a very wide range of fields.

  • The two Inter-Governmental Commissions - IRIGC-TEC (Trade, Economic, Scientific, Technological and Cultural Cooperation) co-chaired by the External Affairs Minister from India and Deputy Prime Minister from Russia and IRIGC- MTC (Military Technical Cooperation) co-chaired by the Russian and Indian Defence Ministers, meet annually.

  • India and Russia marked 70 years of diplomatic ties in April 2017. A roadmap of celebrations was adopted by both the countries include seminars, discussions, exhibitions, exchanges and many other activities.

  • According to Russian Federal Customs Service data, bilateral trade in 2016 amounted to USD 7.7 bn, with exports from India amounting to USD 2.4 bn and imports from Russia amounting to USD 5.3 bn.

  • Major items of export from India include pharmaceuticals, tea & coffee, tobacco, mechanical appliances and organic chemicals.

  • Major items of import from Russia include pearls, precious and semi-precious stones & metals, nuclear power equipment, electrical machinery and equipment and mineral oils.

  • FDI inflows for the year 2016-17 stood at USD 11 mn, cumulatively crossing USD 1.2 bn since April 2000. Russia ranked 21st amongst the 156 countries that have invested in India during 2000-17.

  • There is a strong tradition of Indian studies in Russia. Jawaharlal Nehru Cultural Centre was opened in Moscow in 1989 to fulfill the interests of Russian admirers in the Indian culture and its multifaceted traditions.

  • The Centre maintains close cooperation with leading Russian institutions and conducts classes in classical dance, traditional musical instruments, and Ayurveda for about 800 students every month. Indian languages such as Hindi, Tamil, Marathi, Gujarati, Bengali, and Sanskrit are taught in leading Russian institutions.

  • The President of India inaugurated the Year of Indian Culture “Namaste Russia” in Moscow on 10 May 2015. About 15 performances in 8 cities were held as part of the event.

  • The Indian Embassy in Russia, with support from regional governments, organized week-long celebrations marking the second International Day of Yoga, covering 70 regions and involving over 50,000 enthusiasts.