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There is immense potential for the two countries to further expand economic ties and move beyond a buyer-seller relationship. The Minister said that in order to facilitate this India has set up a one-stop shop for Russian companies in Invest India called Russia Plus, which will fast-track investments. Minister further stated that there is a possibility for Russian investments in the Delhi-Mumbai industrial corridor, smart cities, railways, public transport, sanitation and low-cost housing. Commerce Minister said that Russia can be a valuable market in information technology and services sector considering IT and services are India’s largest exports. Indian companies may also explore links with Russian companies in software for the manufacturing sector.
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