“We are confident that the potential of Russian-Indian trade has great prospects,” Deputy Minister Viktor Evtukhov said
State Secretary – Deputy Minister of Industry and Trade of the Russian Federation Viktor Evtukhov and Indian Ambassador to Russia Pankaj Saran discussed the directions of Russian exports and development of prospects for cooperation between the two countries at a meeting in Moscow
“We are confident that the potential of Russian-Indian trade has great prospects. Cooperation in the timber industry plays an important role in the development of trade between our countries. The positive dynamics of exports of timber products is a great success for us, we are pleased that the Indian consumer has an interest in Russian products, “said Deputy Minister of Industry and Trade of Russia Viktor Yevtukhov. – In 2017, the trade turnover between Russia and India in the forestry industry amounted to 244.3 million dollars, of which 236.5 million dollars is accounted for the export of Russian products. Over the past three years, shipments to India have grown by 43%. The greatest growth is demonstrated by the export of Russian paper and paperboard: almost 60%. ”
The leader is newsprint – in 2017, enterprises from Russia supplied more than 500 thousand tons of this type of products. At the same time, both sides note the need to develop new areas of cooperation. So, trade between Russia and India can expand due to new products – for example, viscose fibers. In addition, an important area of bilateral relations can be an increase in the supply of sawn timber, wood boards, plywood and furniture.
“On the Russian side, there is considerable interest in attracting large strategic partners from India to implement the construction of pulp mills in Russia. India is one of the players in the viscose market. We hope for the successful development of investment cooperation between our countries in this area. For our part, we are ready to provide all the necessary information on the availability of forest resources, on possible production sites and state preferences,” Viktor Yevtukhov said.
The Ministry of Industry and Trade of Russia pays much attention to the development of Russia’s export potential, especially to the increase in the share of deep processing products, including pulp and paper products. In the Forestry Development Strategy until 2030, the creation of new pulp and paper mills is one of the priority areas, therefore, the Russian side actively invites Indian companies to a dialogue on possible prospects for investment cooperation in the projects of deep timber processing.
Information: The Ministry of Industry and Trade of Russia actively supports Russian manufacturers, initiating their participation in the most important international exhibitions as part of collective stands. The DubaiWoodShow 2018 exhibition in the United Arab Emirates in March demonstrated the great interest of Indian companies in the production of Russian forestry enterprises, and many proposals and requests were received for the supply of these products to India.