Moscow, August 6 (ANI): India’s Ambassador to Russia, Vinay Kumar, said Wednesday that India and Russia are working toward achieving a bilateral trade target of USD 100 billion by 2030 while highlighting steady progress in energy cooperation, including the Kudankulam Nuclear Power Project, and expanding employment opportunities for skilled Indian workers in Russia.
Speaking to ANI, Kumar said the leaders of both countries had set an ambitious trade target, and efforts were underway to identify new areas of cooperation while strengthening existing sectors.
“Trade is growing. We have a target set by the Prime Minister of India and the President of the Russian Federation to reach trade of 100 billion dollars by 2030. The focus is to find new areas while increasing the volume of trade in the existing areas,” he said.
The ambassador said energy continues to be a key pillar of the India-Russia strategic partnership, noting that Russia’s state nuclear corporation, Rosatom, is making significant progress on the Kudankulam Nuclear Power Project in Tamil Nadu.
“Energy cooperation also continues. Rosatom continues its work on the Kudankulam Nuclear Power Project. Significant progress has been made in Units 3 and 4 of the power plant,” Kumar said.
He also highlighted the growing presence of skilled Indian professionals in Russia, saying their numbers have increased sharply over the past few years.
“Our rough estimate is an increase from around 10,000-15,000 two to three years ago to more than 100,000 Indian workers in Russia at present,” he said.
According to Kumar, the next session of the India-Russia Intergovernmental Commission for Trade, Economic, Scientific, Technological and Cultural Cooperation will be held later this year to review progress, set new targets, and identify measures to further strengthen bilateral economic engagement.
His remarks come ahead of the 18th BRICS Summit, which India, as the 2026 chair, will host in New Delhi on September 12-13. India has invited Russia to participate in the summit, while the Ministry of External Affairs has said preparations are underway in full swing. (ANI)
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