India has invested twice as much money in Russia as Russia has invested in India
Russian President Vladimir Putin believes that India and Russia can significantly increase the volume of mutual investments.
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He said this in an interview with the Indian news agency IANS, which publishes the Kremlin’s official website.
“The volume of accumulated Russian investment in India is about $4 billion, while Indian business has invested twice as much in the Russian economy - about $8 billion. I am confident that Russia and India are capable of significantly increasing the volume of bilateral investments,” Putin said.
The Russian President noted that in 2015, the volume of trade turnover between the two countries decreased by 7,8 percent.
“We are determined, together with our Indian partners, to overcome this negative trend, which, in our opinion, is mainly associated with the volatility of global markets and instability of exchange rates. In Russian exports and in supplies from your country, a significant share is occupied by products of mechanical engineering and the chemical industry,” Putin said.
He especially emphasized that Russia continues to lead in the field of both direct supplies of the latest weapons and military equipment, as well as joint research with India, as well as the production of military products. Among the successful joint projects is the production of the BrahMos supersonic cruise missile, as well as the development of a new, fifth-generation fighter.
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