MSME Minister Omprakash Sakhalecha has said that the establishment of the Chamber of Commerce and Industry of the Russian Federation in India will give a boost to the country’s international cooperation, partnership and business development. 

India has long standing relations with Russia and now there is a need to increase trade with these relations, he said. 

Sakhalecha was addressing the inauguration ceremony of the Chamber of Commerce and Industry of the Russian Federation at the India Habitat Center in Delhi on Tuesday.

Minister Sakhalecha said that CCI India being launched under the chairmanship of Mr. Igor Pyasetsky, India head of CCI Russian Federation, aims to establish long-term cooperation between India and Russia through creation of new environment as well as support domestic companies. 

Sakhalecha said that a new environment has been created in the country for MSMEs under the leadership of Prime Minister Narendra Modi. Shri Sakhalecha highlighted the policies of MSME and Science and Technology Department in Madhya Pradesh under the leadership of Chief Minister Shivraj Singh Chouhan and invited business representatives of Russian Federation to invest in Madhya Pradesh.

Minister Sakhalecha said that their manufacturing units with Russian supply chain are entering the Indian markets, which is a golden opportunity for the entrepreneurs of both the countries. 

CCI of Russian Federation will act as a bridge between India and Russia to solve the problems of entrepreneurs and for their sustainable development. 

 At the event, the President of CCI of the Russian Federation said that there are about 350 entrepreneurs working in India looking for business opportunities in metallurgy and machinery, defense and agro processing. 

He said that 20 companies of Russian Federation are ready for cooperation/MoU. 

The inaugural ceremony was attended by Sergey Kataryin, President, CCI Russian Federation, India Head, CCI Russian Federation, Igor Piasetsky, Secretary, Embassy of Russia, Ildar, Ex-Chief Minister of Goa, Digambar Kamat, Panna Lal Bhansali of Seva Bharati, representatives from different states of Russia Representatives of MSME and Science and Technology Department of the Government of Madhya Pradesh were present along with the representatives of M.P.