MOSCOW TIME: 26.08.2019 06:14:11

Export/Import

Exports of electric motors and generators to India have increased almost 3.5 times

Exports of electric motors and generators to India have increased almost 3.5 times

For our country, India is the most important trade partner and a priority region, which is the focus of the development of the Russian non-primary product exports, as TASS quotes the head of the Russian Export Centre, Andrey Slepnev. In his words, over the past three years, the positive dynamics of bilateral trade have been maintained.

At the end of last year, non-primary non-energy exports from Russia to India actively grew in different directions. Thus, the supply of thermal equipment increased by 6.1 percent to $330.5 million, electric motors and generators – almost 3.5 times, exceeding $84 million. Exports have also increased for other commodities, such as newsprint, mixed fertilisers, information media, and equipment for nuclear reactors.

Russian exporters show a growing interest in bringing their own competitive and high-tech solutions to the Indian market in such areas as IT, pharmaceuticals, biotechnology, the food industry and some others. The top 5 regions for non-primary non-energy exports to this South Asian country include Moscow ($1.15 billion), the Nizhny Novgorod region ($650 million), St. Petersburg (588.4), the Moscow region (476.3) and the Sverdlovsk region (292).

Currently, India ranks eighth among the partner countries of the Russian Federation for non-primary non-energy exports. We should remind you that, earlier, it was reported that the Ministry of industry and trade and the Russian Export Centre inaugurated the REC Bureau in Mumbai.

Sourcve:B2B-EXPORT BLOG

:

Exports motors generators Russia India

Share this:

Share this Share this Share this

NEWS


21.08.2019 Taiwanese delegation to promote agriculture in Russia

A Council of Agriculture-led delegation from Taiwan is to travel to Moscow on Wednesday next week to take part in a two-day promotion of Taiwanese agricultural products.

21.08.2019 Russia, China to reach $200 bln worth of trade turnover by 2024

Moscow and Beijing have set the target of boosting trade turnover to $200 bln by 2024, Chinas new Ambassador to Russia Zhang Hanhui told reporters.

20.08.2019 Georgian wine exports to Russia drops by third

Wine export from Georgia to Russia decreased by 27% in July 2019 compared to the corresponding period in 2018, according to the press service of the Georgian National Wine Agen...

EVENTS


01.10.2019 RUSSIAN ENERGY WEEK

October 1-5, 2019 Moscow (Russia)

INTERVIEWS


18.04.2018 Pskov State University Increases Its International Student Body Thirty...

Higher education can be a profitable export business, provided the system is built correctly and qua...

FEA Education


03.05.2017 Anna Trubetskaya: "Business should be built on Russians"

About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya

Our partners