In March-April 2025, the Representative Office of the International Congress of Industrialists and Entrepreneurs, together with the Association of CPPs of the Asia-Pacific Region, organized and took part in events to develop cooperation between Russian and Indian companies.

First of all, it should be noted that Russia and India have similar views on many international and regional issues, in particular, both sides emphasize the importance of multipolarity for the formation of a more just world order, which is being implemented in BRICS projects. VTB Bank (since 2008) and Sber (since 2010) operate in India. Gazprombank has a representative office in India. In turn, the Indian banking sector is represented in Russia by Commercial Indo Bank (operates under a license issued in 2013). Since 2001, the Indian state oil and gas corporation Oil and Natural Gas Corporation (ONGC) through its subsidiary ONGC Videsh has been participating in the project to develop the Russian oil and gas field Sakhalin-1, having a 20% stake in it. A consortium of Indian companies (Oil India, Indian Oil Corporation and Bharat Petroresources) owns 29.9% of Taas-Yuryakh Neftegazodobycha, which is developing an oil and gas condensate field in Yakutia. According to the Indian publication BusinessLine, Russia increased coal supplies to India by 200% in the 2023 financial year, to 6.4 million tons, and became one of the three largest suppliers to India (after Australia and the United States). To expand supply chains, the parties are consulting on the restoration of the Eastern Maritime Corridor (EMC) between Vladivostok and the major port in southern India, Chennai, which successfully operated during the Soviet years (an agreement on the development of maritime communications between the ports was reached in 2019). The launch of EMC will reduce the time of cargo transportation by 16 days (currently - more than 40), and, according to experts, will expand cooperation between the two countries in the Far East region, including in such areas as forest management and diamond processing. Cooperation in the Far East and the Arctic

In recent years, the Far East and the Arctic have become areas of strategic interest and potential investment for India in Russia. Promising areas include shipbuilding, mining, construction of port infrastructure, tourism, and logistics (including the development of the Northern Sea Route). Together with the Indian side, a Program for the Development of Russian-Indian Cooperation in Trade, Economic, and Investment Spheres in the Far East for 2022-2027 has been developed, as well as principles of cooperation in the Arctic zone of the Russian Federation. Cooperation in the field of education is developing. According to various estimates, there are currently 25,000 to 30,000 Indian students studying in Russia, mostly in medical specialties. And the Far Eastern Federal University, located on Russky Island, occupies a leading position in this area.

All these topics were discussed in detail at working meetings of the representatives of the ICIE, the Association of the CCI Asia-Pacific region with the Consul General of the Republic of India in Vladivostok Mr. Siddarth Gowrav and representatives of Indian business in March - April of this year, both within the walls of the Indian Consulate General and at the sites of international seminars and conferences. The dialogue with Indian representatives and employees of Sberbank-India on issues of currency settlements between Russian and Indian partners was very productive.