Russia's national capital region seeks Indian investment

NEW DELHI: Russia's national capital Moscow Region is looking at investment from India in sectors including infrastructure, auto industry, automotive components, pharmaceuticals and electronics.

"Leaders of India and Russia have excellent chemistry. Both the countries have a very warm relationship. We are looking for long term business partnerships between the Moscow Region and India," Deputy Governor of the Moscow region Vadim Khromov told ET during a visit here.

A six-member delegation, headed by Khromov, met with representatives of the Delhi government and business leaders in both Delhi and Mumbai during four-day visit to India.


"We are looking to establish dialogues between investors and showcase the opportunities the Moscow Region has for the Indian businessmen. We are also exploring Russian investments in India," he added.

The sectors that provide opportunities for India include the automotive industry, mechanical engineering, production of automotive components, pharmaceuticals, electronics, aerospace and biotechnology, chemical industry, logistics, agriculture.

Currently there are 10 Indian companies who have successfully set up businesses in the Moscow Region in pharmaceuticals, real estate, chemicals and packaging sectors.

"We have several tax incentives, infrastructure, low -interest rates in rubles to help with the fluctuating currency rates among others to support the Indian companies to set up business in the Moscow Region," the official pointed out.