Prabhu announces setting up of fast track mechanism to promote Russian investments in India

Minister of Commerce and Industry, Suresh Prabhu has announced the setting up of a fast track, single-window mechanism to promote Russian investments in India. The Minister was addressing the India-Russia Business Summit in New Delhi yesterday. 

Mr Prabhu said there is an opportunity for India and Russia to collaborate in fields like hydrocarbons, gold and diamond, timber, pharma, agriculture, power



generation, aviation, railways and logistics.

Speaking on the occasion, Minister for Economic Development of Russia, Maxim Oreshkin, said that Russia is preparing a strategy to increase economic cooperation with India. 

The new mechanism would be in addition to the Russia Desk that had been set up earlier to promote Russian investment in India.