Piyush Goyal to lead delegation of four CMs, business leaders to Vladivostok

New Delhi: Commerce and industry minister Piyush Goyal will lead a delegation of four chief ministers, including those of Uttar Pradesh and Gujarat, and business leaders to Vladivostok in Russia from August 11 to 13 to explore investment opportunities and strike partnerships with the Far East provinces. “The delegation includes chief ministers of Goa, Gujarat, Haryana and Uttar Pradesh and an official from the state of Assam,” the commerce and industry ministry said in a statement.The minister’s visit is a precursor to Prime Minister Narendra Modi’s trip to Vladivostok in early September for the Eastern Economic Forum, where he will be the chief guest.

“India is looking to gain from the investment-friendly Russian stance in the natural resource-rich region, which includes significant incentives and tax breaks allowing Indian investments and labour for projects,” it said, adding that Goyal’s visit would see major announcements on collaborative projects for the economic success of the Far East region of Russia. Indian entities there are already engaged in key sectors such as power, coal, oil and gas.

The delegation includes more than 125 representatives from business stakeholders, who will interact with Russian counterparts on opportunities in the mining and processing of diamonds and rare metals, railways, agriculture, food processing, oil and gas, coal and power, and pharmaceuticals.