India-Russia to strengthen bilateral trade

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India-Russia to strengthen bilateral trade

Thursday, 25 April 2019 | Pioneer

In an attempt to fulfill the aspirations of the Indo-Russian business fraternity, the first ever national level participation in the sixth edition of the Irkutsk International Trade Fair, Irkutsk, Russia (August 21 to 24, 2019) is being organised by the India Trade Promotion Organisation (ITPO) at the Irkutsk Exhibition Complex in Russia.

The event aims to carry forward the momentum to further strengthen the bilateral trade relations and provide an excellent business platform to the Indian companies in Russia’s untapped Balkan region. The event will feature bonhomie of the people of Russia towards Indian products as they have a special place in their hearts. Significantly, the event will be visited by the companies from main cities of Siberia, Russia and India’s neighboring countries like China, Mongolia, Kazakhstan, Ukraine, Belorussia and so on.

India's participation assumes special significance as both the countries have made a resolution to set a target for US$ 30 billion in bilateral trade by 2025 and both the countries are working together towards developing a Free Trade Agreement (FTA) to facilitate this target. This also includes the sale of commodities along with civil nuclear energy and defense equipment. The multi-product B2B and B2C event is being held with the support of the Embassy of India in Russia, the Government of Irkutsk Region, the East Siberian Chamber of Commerce and the Industry and City Administration of the Irkutsk city. India's country level participation will bring the two countries together to work jointly towards integrating them into a regional value chain, thereby promoting mutual trade and investment.

The multi-product display profile includes goods and industries including engineering goods, information technology, renewal energy, electronics, building and construction industry (hardware, sanitary ware, ceramics, tiles, interior and décor), pharmaceutical, chemicals, medical and surgical equipment, apparel, textiles and handloom, jewellery, handicrafts, footwear, coir and jute products, horticulture, print and packaging technologies, sports goods, food processing machines/equipment, food and beverages, Ayurveda, yoga, herbal products and cosmetics, health care services, educational institutions, hospitality and tourism industry along with participation from the media and entertainment industry. The business visitors to the exhibition would include importers and exporters, wholesalers, local and regional buyers, among others.

Those who wish to participate in the exhibition can pay the participation fee of $300 per square meters for the equipped shell stands. The exhibitors can order additional equipment and furniture from the exhibitor manual. The catalogue and tariff for extra display stands, renting extra showcases, tables, chairs, and other accessories are available on request with the organisers.

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