Our Existing Relations

Invest India MoU with Roscongress Foundation: Roscongress CEO Alexander Stuglev and CEO of Invest India Deepak Bagla signed MoU at the St. Petersburg International Economic Forum in 2017. The parties agreed to develop bilateral cooperation in areas like trade, attracting investment and information and strategic support.  The MoU was renewed on the sidelines of the St Petersburg International Economic Forum 2023. 

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. The last Summit took place in 2021.

Ministry of Culture, India and Ministry of Culture, Russia are collaborating on a Cultural Exchange Program for the Years 2021-2024. 

Prime Minister Shri Narendra Modi led India's participation at the 14th BRICS Summit, held in a virtual format on 23 June,2022. The High-level Dialogue on Global Development, non-BRICS engagement segment of the Summit, was held on 24 June 2022.

JSC Rosgeologia (ROSGEO) and Geological Survey of India, Ministry of Mines signed an MoU to extend mutual cooperation for technological collaboration on exploration for deep-seated and / or concealed mineral deposits.

Government of India and Government of Russia Research and Use Outer Space for Peaceful Purposes and operation of launch vehicles and ground-based space infrastructure.

Russia ranks 25th in FDI inflows in India. FDI Inflow $1.275 Bn, from April 2000 to March 2023. Total FDI inflow from April 2022 to March 2023: $8.82 Mn.

During Apr’22 – March’23, bilateral trade between India and Russia stood at $49.35 Bn, surpassing the trade target set by the two sides. Export is at $3.14 Bn, and import is at $46.2 Bn

The Indo-Russian Forum for Trade & Investment and the India-Russia CEO’s Council have evolved into the platforms for facilitating direct B2B interactions between the two countries. The Eurasian Economic Union is one of the important emerging economic blocks, and India is keen to engage more closely with Russia and the CIS countries to further intensify our trade and economic cooperation with this region.

Investment cooperation has been envisaged is some priority sectors such as hydrocarbons, power, coal, nuclear power, fertilizers, IT, pharmaceuticals, mineral, and metallurgy amongst others.

International North-South Transport Corridor (INSTC) is a 7,200-km multi-modal transport corridor that combines road, rail and maritime routes connecting Russia and India via Central Asia and Iran. It links the Indian Ocean to the Caspian Sea via the Persian Gulf onwards into Russia and Northern Europe.

History speaks for itself - Afanasy Nikitin reached India even before Vasco-da Gama revealed India to the West (a monument of Afanasy Nikitin has also been built in Revdanda, Maharashtra), Gujarati traders settled in Astrakhan, and the establishment of a Russian theatre in Kolkata signifies how deep-rooted the relations are between the two countries.

Medical education in Russia has been one of the major reasons for a healthy and long term relationship between India and Russia. At present over 5000 Indian students are enrolled in various medical and technical institutions in the Russian Federation.

Jawaharlal Nehru Cultural Centre, Moscow, established in 1989, has been mandated with the task of maintaining India’s cultural relations with Russian Federation. It has been working in close coordination with the number of Russian Universities in organising a number of cultural events disseminating Indian Culture in Russian Federation.

Agreement on Program of the Military-Technical Cooperation from 2021-2030: 10 year Defence Cooperation Program outlines the ongoing defence cooperation and future possible cooperation between the two countries.

India has longstanding and wide-ranging cooperation with Russia in the field of defence. The India-Russia Inter-Governmental Commission on Military & Military-Technical Cooperation (IRIGC-M&MTC) is co-chaired by Russian and Indian Defence Ministers and meets annually. Its last meeting was held in New Delhi on December 6, 2021.

Defence and security partnership has been the cornerstone of the Indo Russian strategic partnership. India and Russia hold exchanges and training exercises between their armed forces annually.