Second India-Russia Strategic Economic Dialogue held in New Delhi

Second India-Russia Strategic Economic Dialogue held in New Delhi

Second India-Russia Strategic Economic Dialogue held in New Delhi

The Second India-Russia Strategic Economic Dialogue (IRSED) was held in New Delhi, under the chairmanship of Dr. Rajiv Kumar, Vice-Chairman, National Institution for Transforming India (NITI) Aayog and Mr. TimurMaksimov, Deputy Minister of the Economic Development of the Russian Federation.

The Second meeting of the IRSED focussed on six core areas of cooperation, namely, the Development of Transport Infrastructure and Technologies; Development of Agriculture and Agro-Processing sector; Small and Medium Business support; Digital Transformation and Frontier Technologies; Cooperation in Trade, Banking, Finance, and Industry; and Tourism & Connectivity.

Dialogue included parallel round tables which discussed areas of cooperation and concrete roadmaps for future negotiations across outlined core areas. Participants included government officials, business leaders and experts, bringing in diverse perspectives for ideation.

"Results of today's discussions will help enhance strategic economic cooperation between our countries. We must discuss and prepare specific proposals for joint action in the future and establish economic relations which reflect the potential of cooperation between the two countries",

IRSED was established following a bilateral memorandum of understanding (MoU) signed between the NITI Aayog and Russia's Ministry of Economic Development during the 19th edition of the Annual India-Russia Bilateral Summit, that took place on October 5, 2018, in New Delhi.

The First India-Russia Strategic Economic Dialogue was held in St. Petersburg between November 25-26, 2018