Russia-India 2010 trade to near $10 billion - deputy PM

© RIA Novosti . Alexei Druzhinin  / Go to the mediabankRussian Deputy Prime Minister Sergei Ivanov
Russian Deputy Prime Minister Sergei Ivanov - Sputnik International
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Russian-Indian 2010 trade turnover will near $10 billion, Russian Deputy Prime Minister Sergei Ivanov said Thursday.

Russian-Indian 2010 trade turnover will near $10 billion, Russian Deputy Prime Minister Sergei Ivanov said Thursday.

"According to an expert evaluation, this year trade turnover will total $9.2-9.3 billion, and possibly even more," Ivanov told journalists after a meeting of the Russian-Indian intergovernmental commission.

The projected figure is a threefold increase on the $3 billion trade turnover recorded in 2005.

Ivanov set the task of doubling the figure to $20 billion in the next five years.

"If we have managed to triple trade in [the past] five years, why can't we double it in the next five?" he asked.

The deputy premier said Russia and India have scope for developing cooperation in the high-tech, space, power, agriculture and pharmacology industries.

NEW DELHI, November 18 (RIA Novosti)

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