Andhra moves to tap Russian capital, bets on trade surge

New Delhi: As Indian investors take baby steps towards exploring the Russian market, Andhra Pradesh is set to take a giant leap in wooing Russian investors. The southern state is making a pitch to attract Russian companies in key sectors including shipbuilding, critical minerals, metals and mining, and steel. The state is also seeking investments in manufacturing and auto components. Andhra Pradesh has sensed an opportunity in the growing trade volume between India and Russia. Indian exports to Russia have risen from $1 billion to $5 billion between 2022 and 2025, while Russian exports increased from $7 billion to $70 billion over the same period. This manifold rise is largely due to imports of Russian crude.