Russian Deputy PM arrives in India for trade talks
Russia's deputy Prime Minister Denis Manturov, who is also the country's Minister of Industry and Trade arrived in the national capital to co-chair the Intergovernmental Russian-Indian Commission, which is aimed at enhancing trade ties between the two countries.
On the first day of his visit, Manturov will co-chair the 24th India-Russia Inter-governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation (IRIGC-TEC).
The IRIGC-TEC is the main institutional mechanism supervising economic cooperation. It integrates six working groups on economic and trade cooperation, modernisation and industrial cooperation, energy, tourism and culture, science and technology, and IT.
A plenary meeting of the intergovernmental commission (IGC) will be held on Tuesday, following which the co-chairs will sign the final protocol of the 24th IGC meeting. Both sides plan to discuss the issues of bilateral trade, and economic and humanitarian cooperation.
A number of institutionalized mechanisms have been set up for the development of economic cooperation between the two countries. The primary institution at the government level is IRIGC-TEC.