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Second India-Russia Strategic
Second India-Russia Strategic Economic Dialogue held


NEW DELHI. The Second India-Russia Strategic Economic Dialogue (IRSED) was held today in New Delhi, under the chairmanship of Dr. Rajiv Kumar, Vice-Chairman, National Institution for Transforming India (NITI) Aayog and Mr. Timur Maksimov, Deputy Minister of the Economic Development of the Russian Federation.

The Second meeting of the IRSED focussed on six core areas of cooperation, namely, Development of Transport Infrastructure and Technologies; Development of Agriculture and Agro-Processing sector; Small and Medium Business support; Digital Transformation and Frontier Technologies; Cooperation in Trade, Banking, Finance, and Industry; and Tourism & Connectivity.
“The IRSED comes at an opportune moment as India embarks upon ensuring the fruits of development devolve to the grassroots, as every citizen of the country becomes part of the growth & development process, as evidenced by a forward-looking Union Budget. Increased investment and international cooperation is key”, said Dr Rajiv Kumar at the Second India-Russia Strategic Economic Dialogue.

“Results of today's discussions will help enhance strategic economic cooperation between our countries. We must discuss and prepare specific proposals for joint action in the future and establish economic relations which reflect the potential of cooperation between the two countries”, said Mr Timur Maksimov.
he IRSED was established following a bilateral Memorandum of Understanding (MoU) signed between NITI Aayog and the Ministry of Economic Development of the Russian Federation during the 19th edition of the Annual India-Russia Bilateral Summit, which was held on October 5, 2018, in New Delhi.

The First India-Russia Strategic Economic Dialogue was held in St. Petersburg between November 25-26, 2018, and was chaired by Mr. Maxim Oreshkin, Minister of Economic Development of the Russian Federation, and Dr. Rajiv Kumar, Vice-Chairman, NITI Aayog..(UPDATED ON JULY 10TH, 2019)


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