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:

contact@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 $1.2 bn during 2000-18, with key investment areas being oil & gas, aerospace, defence and financial services.

Major Russian Investors

Target set for bilateral trade at $30 bn by the year 2025. Level of mutual investments expected to reach $15 bn by 2025.

Of the cumulative FDI inflow of $1.2 bn from Russia during 2000-18, the telecommunications sector has attracted most investments in India, with a 68% share.

In March 2017, India and Russia agreed to set up a $1 bn fund to promote mutual investments in infrastructure and technology projects.

    • 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 $7.7 bn, with exports from India amounting to $2.4 bn and imports from Russia amounting to $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 $11 mn, cumulatively crossing $1.2 bn since April 2000. Russia ranks 21st amongst the 156 countries that have invested in India during 2000-18.

    • There is a strong tradition of Indian studies in Russia. Jawaharlal Nehru Cultural Centre was opened in Moscow in 1989 to fulfil 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 CultureNamaste 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.

Recent Investments

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.

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

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

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

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 $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

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.

Shri Narendra Modi, Hon'ble Prime Minister 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

  • open

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

    Sibur, Russia’s largest petrochemical company, formed a JV with Reliance…

  • open

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

    A JV was formulated between DRDO India and Joint Stock Companies – ‘Military…

  • open

    Russian Steel Company – Plans to manufacture CRGO steel in India

    The company is a leading manufacturer of high-quality steel products globally.…

  • Oil & Gas

    • $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

      • Russia is the world's second-largest oil exporter after Saudi Arabia and the world's largest gas exporter.
      • India is the world’s third-largest consumer of crude oil, consuming 4.5% of the total crude oil generated in 2016.
      • Russian gas giant, Gazprom will supply 2.5 mn metric tonnes of LNG to India annually from 2018 as per a recently signed deal with GAIL. The gas is likely to be sourced from Sakhalin or the Yamal peninsula in Russia.
    Visit Sector
  • Defence

    • 31%

      Share of India’s defence budget spent on capital acquisitions

    • $10 bn

      Value of bilateral weapons projects in final stage of completion

    • 68%

      India’s arms imports supplied by Russia

      • Russia is the world’s second-largest conventional arms exporter after the United States. Combined, the US and Russia account for 58% of all major weapons exports.
      • India is the third-largest armed forces in the world and one of the largest importers of conventional defence equipment.
      • India is among the top three importers of arms in the world, with total import more than $2.5 bn worth of arms in 2016.
      • JV between Russia's Rostec Corporation and India's Hindustan Aeronautics Limited (HAL) to manufacture Kamov 226 helicopters forms the first platform for defence under the ‘Make in India’ initiative.
      • Bilateral projects between the two nations include an indigenous production of T-90 tanks, Su-30-MKI aircraft, the supply of MiG-29-K aircraft, Kamov-31 and Mi-17 helicopters, upgrade of MiG-29 aircraft and supply of Multi-Barrel Rocket Launcher Smerch.
    Visit Sector
  • Ports & Shipping

    • $1.6 bn

      FDI inflows in the sector in India during 2000-17

    • 2,500 MT

      Expected Cargo traffic in India by 2025

    • 469 MT

      Cargo passing through Russian ports during 2015-16

      • Between January and August 2016, 468.6 mn tons of cargo passed through Russian ports – an increase of 5.7% compared with volume in 2015.
      • With a coastline of 7,517 km, India is strategically located on the world’s shipping routes. Around 70% of India's trading by value is done through maritime transport.
      • INSTC and Chennai-Vladivostok sea route are being promoted as alternative routes to reduce the time taken to transport goods between India and Russia.
    Visit Sector
  • Railways

    • $142 bn

      Investment in the sector in India next five years

    • $17 bn

      Expected investment for 35 bullet trains in India by 2022

    • 3rd

      Russia is home to the 3rd largest rail network in the world

      • Russia is the world’s third-largest rail network, expanding over 85,200 km.
      • India is the world’s largest rail network under single-management, spanning over 66,000 root km and employing more than 1.6 mn people.
      • An MoU was signed in 2016 between the Ministry of Railways, India and the Russian Railways for technical cooperation for increasing train speeds to 160-200 kmph, modernize control and safety-related systems based on satellite navigation, digital communication means and geo-information technologies.
    Visit Sector