Russian-Indian projects in mining, shipbuilding, gas chemistry, logistics, and pharma being finalised: SPIEF’s Alexey Valkov
SPIEF says its June 2023 event in St. Petersburg (Russia) witnessed 900 investment agreements worth about $47.6 billion, and 43 agreements between Russian and foreign businesses. Amidst global economic upheavals, SPIEF has been spearheading alliance building/ fostering alliances between Russia and its trade partners, including India.
Several bilateral projects in mining, shipbuilding, gas chemistry, logistics and pharmaceuticals are being formulated. In an interaction with ET Online, Alexey Valkov, Director of the St. Petersburg International Economic Forum (SPIEF) and Deputy CEO of Russia’s Roscongress Foundation ( an organiser of global events), explains why he believes Indo-Russia trade ties remain on solid footing.
Edited excerpts:
ET: Given the geopolitical landscape, what role does SPIEF play in fostering international trade cooperation?
Alexey Valkov: The St. Petersburg International Economic Forum is an effective communication tool between business and government. This year, it focused on developing business ties and expanding contacts with trading partners from the CIS countries, the Arab world, India, China, the EAEU-ASEAN, and Latin America, who, together with Russia, have begun to form a new space of trust based on the principles of equal partnership.
Talking about the specific achievements of SPIEF 2023, this year we managed to gather more than 17,000 participants from 130 countries in 4 days.
