Russia Wants to Open Indian Business Support Centers

Russia's Ministry for the Development of the Russian Far East is willing to open investor support centers in a bid to attract Indian businesses to the region, Russian Minister for the Development of the Far East Alexander Galushka told Sputnik on the sidelines of the St. Petersburg International Business Forum (SPIEF) on Friday.

ST. PETERSBURG (Sputnik) — On April 27, the Far East and Baikal Region Development Fund (FEDF), Far East Investment and Export Agency (FEIA) and the Japan Bank for International Cooperation (JBIC) signed an agreement for the creation of a platform to support Japanese investment in the Russian Far East. An agreement on creating a Chinese investor center in Russia's Far East is expected to be signed in July.

"With India, we are also ready to create support centers for Indian business in the Far East. Our position is quite open, clear. We are glad to welcome high-quality investors," Galushka said.

SPIEF, held in Russia's second largest city of St. Petersburg between Thursday and Saturday, is a major global platform for communication between business representatives and the discussion of crucial economic issues. Sputnik is an official media partner of the forum.