India and Russia have taken a significant step forward in strengthening their economic partnership by agreeing on six new strategic projects aimed at enhancing bilateral investment. The announcement came during the 8th Session of the India-Russia Working Group on Priority Investment Projects (IRWG-PIP), reflecting both countries’ commitment to long-term collaboration across various sectors of mutual interest.
Joint push for investment growth
Held in New Delhi, the session was part of the broader India-Russia Intergovernmental Commission framework, which focuses on trade, economic, scientific, and cultural cooperation. The projects were formalized in a signed protocol by the co-chairs—India’s Amardeep Singh Bhatia, Secretary at the Department for Promotion of Industry and Internal Trade, and Russia’s Vladimir Ilichev, Deputy Minister at the Ministry for Economic Development.
The meeting also reviewed the progress of previously agreed projects and evaluated ways to expedite their implementation. Both sides reaffirmed their strategic intent to boost trade and investment and deepen their economic engagement.
Strong participation at investment forum
Following the session, the 2nd India-Russia Investment Forum was held in collaboration with Invest India, the Indian Chamber of Commerce (ICC), and the Russian Ministry of Economic Development. The forum brought together more than 80 participants, including entrepreneurs, financial institutions, logistics providers, business chambers, and government officials from both countries.
The discussions during the forum focused on practical steps to facilitate cross-border investments, strengthen business linkages, and address regulatory and infrastructure challenges. This platform offered an opportunity for stakeholders to align their efforts and scale up India-Russia investment cooperation in line with their long-standing strategic relationship.
Since the 2000 “Declaration on the India-Russia Strategic Partnership” and its elevation in 2010 to a “Special and Privileged Strategic Partnership,” the bilateral relationship has expanded across political, defence, economic, science, and cultural domains. These new investment projects are seen as an extension of that evolving partnership, aiming to reinforce the foundation for deeper collaboration in the coming years.
