Prime Minister Narendra Modi’s scheduled visit to Russia on May 21, at the invitation of Vladimir Putin, President of the Russian Federation for an informal Summit in the city of Sochi, could prove to be path-defining in Indo-Russian relations in the backdrop of China’s increasing global clout and protectionist approach effected by the US in recent times.”The scheduled summit, coming soon after the recent successful engagement between PM Modi and Chinese President Xi Jinping in April 2018, comes as a recognition and underlines the rising clout of India as an economic and global force to reckon with,” said Mr. Rashesh Shah, President, FICCI.”We at FICCI see the planned visit as an astute step to cultivate and nurture India’s geo-strategic and economic interests with all important global powers. Russia, with proven technological prowess across sectors, is ideally placed to partner with India for realising the hitherto unexplored business and investment opportunities,” added Shah.Indian industry is certainly looking up to the planned visit as it will go a long way in unveiling “Next Chapter” in India-Russia trade, economic and investment relations in the years to come.
