FTAPCCI, Russian chamber sign MoU in Hyderabad

The memorandum of understanding exchanged between Arun Luharuka, FTAPCCI president and Marina Uskova, president, Tomsk Chamber of Commerce and Industry, Russian Federation will allow both sides to jointly promote Indo-Russian trade relationship.

By Author  |  Business Bureau  |  Published: 13th Mar 2019  6:39 pmUpdated: 13th Mar 2019  7:12 pm
Russian trade
Tomsk Chamber of Commerce & Industry President Marina Uskova after signing a MoU with FTAPCCI President Arun Luharuka in Hyderabad on Wednesday.

Hyderabad: A 15-member Russian trade delegation led by Andrey Antonov, deputy governor, Tomsk Region for Economy, Russia, Marina Uskova, president, Tomsk Chamber of Commerce & Industry, Russian Federation, and Yaroslav Tarasyuk, Trade Commissioner of the Russian Federation in India has visited Hyderabad to explore trade ties and mutual investment opportunities. To enable a formal platform for collaboration, FTAPCCI has signed a MoU with Tomsk Chamber of Commerce and Industry, Russian Federation.

The memorandum of understanding exchanged between Arun Luharuka, FTAPCCI president and Marina Uskova, president, Tomsk Chamber of Commerce and Industry, Russian Federation will allow both sides to jointly promote Indo-Russian trade relationship.

EV Narsimha Reddy, vice chairman & managing director, Telangana State Industrial Infrastructure Corporation Ltd., said, “Like Tomsk in Russia we in Telangana are rich in natural resources. Telangana State contributes one-third of the country’s vaccines as well as bulk drugs. The State offers opportunities in the fields of pharma, IT & ITeS, services and manufacturing. The State is developing food processing and special emphasis is given to agriculture sector, which offers enormous opportunities to invest. Telangana has 1,50,000 acres of land bank for industrial use.”

He added, “We will organise local collaboration with Russian Federation via FTAPCCI. Industry from Tomsk can invest in Telangana and the State will provide support with land, power and water. SMEs from Telangana are already working with companies in Russia and further ties can be explored.

Andrey Antonov, deputy governor, Tomsk Region for Economy, Russia, said, “Backed by strong academic institutions, Tomsk believes in knowledge-based economy. On the innovation index, the region stands at fourth position. Large energy companies such as ONGC Videsh and Oil India are operating in Tomsk for the last six years. The region is ideal for establishing research and developments across verticals. He MoU signed will improve the possibilities of trade cooperation between India and Russia and between Telangana and Tomsk as well.”

The Russian Trade delegation represented companies from food, confectionery, medical products & equipment, consumer& children’s goods, toys, oil and gas, energy, water and wastewater treatment plants, mechanical & engineering outlet chains, radio frequency and trading.

FTAPCCI president Arun Luharuka said, there is a synergy between Telangana and Tomsk as both the places have strengths in pharma and food processing.

 

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