Commerce Minister Piyush Goyal on December 4 acknowledged that bilateral commerce between India and Russia remains heavily skewed and called for greater balance and diversification in the trade basket.

Goyal highlighted vast untapped opportunities for Indian exporters in sectors such as automobiles, electronics, heavy machinery, textiles and food products, as both sides work to reduce trade barriers and expand business opportunities.

“I am sure we will address the trade imbalance in the near future and work collectively to eliminate, reduce and dilute trade barriers if any, work to create the right conditions to open more opportunities for businesses in both countries,” Goyal said at an event in New Delhi.

In bilateral trade, India and Russia had set a target of $30 billion by 2025 a de

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