Commerce and Industry Minister Piyush Goyal Thursday said India and Russia must work together to bring greater diversity and balance to their trade basket as he highlighted the huge opportunity in the bilateral economic partnership.

In his address at the India-Russia Business Forum here, Goyal said: “Bilateral trade between the two countries is reaching $70 billion, but we cannot rest, we need to grow, we need to balance that.”

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 reduce trade barriers, if any, and wo

See Full Page