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GLOBAL BUREAUCRACY

Russian Dy PM on four-day visit to India

Staff reporter, New Delhi
15/03/2017   0 Comments

Yuri Trutnev, Russian Deputy Prime Minister and Presidential Envoy to the Russian Far East, today arrived India on a four day visit which will conclude on March 18, Bureaucracy Today has learnt.

Trutnev’s visit to India overlaps with that of Foreign Secretary S Jaishankar's visit to Moscow this week.

The Russian Deputy PM will visit Mumbai and New Delhi for a series of meetings with high-level government officials as well as senior executives of Indian corporations.

Trutnev will highlight opportunities for Indian investment and participation in the Territories of Accelerated Development, special economic zones in the resource rich Russian Far East region that offer tax breaks and other incentives to foreign investors.

The Far Eastern Federal District, which is twice the size of India, is the least populated region of Russia with some 6.3 million inhabitants. But its contribution to Russian GDP is about 5%, according to the Russian government website.

Indian businesses and Government of India will like to use this opportunity to tap the huge potential of the Far East region after China has already made forays in the region.

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