Mr. Akashdeep Singh, President of the Association for the Development of Entrepreneurship and the Support of Business Relations “Indian Business Council,” Chairman & Managing Director of Vulkan-A Textiles, Sheeram Gums (food industry, chemicals for oil and gas industry), and Mrs. Debasmita Roy Chakraborty, FICCI’s Joint Director for International Affairs (Europe & CIS) met on November 22, 2022 in New Delhi, India.
The parties expressed an interest in expanding India-Russia ties and agreed to work together to create a comfortable trade environment for this purpose.
Mrs. Debashmita Roy confirmed that many small and large businesses in India are interested in doing business in Russia. She admitted that such a dynamic organization as IBC is required to collaborate with in order to achieve these goals more effectively.
Mr. Akashdeep Singh expressed the IBC’s desire to collaborate with FICCI in order to assist Indian businesses in entering the Russian market.
The parties agreed to sign the Memorandum of Understanding soon.
* The Federation of Indian Chambers of Commerce & Industry (FICCI) is a non-governmental trade association and advocacy group based in India.
Established in 1927, the Federation of Indian Chambers of Commerce and Industry (FICCI) is the largest and oldest apex business organisation in India. Its allies include the Confederation of Indian Food Trade and Industry (CIFTI), the FICCI Alliance for Consumer Care (FACC), the Confederation of Micro, Small and Medium Enterprises, the FICCI Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (CASCADE), and others.