Second India-Russia Strategic Economic Dialogue held

Vladimir Putin, India, Narendra Modi, Defence, Business,India-Russia Strategic Economic Dialogue , IRSED

The Second India-Russia Strategic Economic Dialogue (IRSED) was held today 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, 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.

The Dialogue included parallel roundtables 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.

The IRSED was established following a bilateral Memorandum of Understanding (MoU) signed between NITI Aayog and the Ministry of Economic Development of the Russian Federation during the 19th edition of the Annual India-Russia Bilateral Summit, which was held on October 5, 2018, in New Delhi.

The First India-Russia Strategic Economic Dialogue was held in St. Petersburg between November 25-26, 2018, and was chaired by Mr. Maxim Oreshkin, Minister of Economic Development of the Russian Federation, and Dr. Rajiv Kumar, Vice-Chairman, NITI Aayog.

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