Sources have stated that Andhra Pradesh Chief Minister N. Chandrababu Naidu has made a strong pitch for mutual cooperation with Russia in the exploration of natural resources using latest technologies and also Naidu wanted Russia to become a partner in the development of its new capital Amaravathi.
Earlier Mr. Naidu was delivering keynote address at Innoprom-2016, Russia’s largest annual international trade fair that got under way at Yekaterinburg on Sunday and by terming Russia as a “natural ally,” he has recalled that Russia accounted for the largest export of tobacco from India.
Naidu was stressing the need for enhanced cooperation between the two countries and he has said they could explore opportunities in expanding business ties in the areas of metallurgy, aerospace, pharma and other sectors.
Meanwhile Union Minister Nirmala Sitaraman who is leading the Indian delegation has said the Government had targeted to achieve business turnover of $30 billion between the two countries by 2025 and the Indian investments in Russia at present amounted to $8 billion while those from Russia in India stood at a meager $3 billion.
