Sushma Swaraj Meets Russian Deputy PM Yuri Borisov At IRIGC In Moscow; India Looking To Invest USD 30 Billion In Russia By 2025
External Affairs Minister Sushma Swaraj at India-Russia Intergovernmental Commission in Moscow (Photo Credits: ANI)

Moscow, September 14: External Affairs Minister Sushma Swaraj on Friday led the Indian delegation at the 23rd meeting of India-Russia Intergovernmental Commission (IRIGC-TEC) in Moscow to discuss the expansion of Russia-India relationship across all sectors. Russian Deputy Prime Minister Yuri Borisov received Swaraj the 23rd edition of the meeting. The foreign minister informed media that the Russian investment in India had reached $18 billion in India in 2017, while $13 was invested by India in Russia in the same year.

Swaraj further said that both the countries are looking to expand business with each other. The foreign minister said, “In the light of this we should consider raising our two-way investment target to $50 billion from $30 billion by 2025.” The last meeting of the Commission was held in New Delhi in December 2017.

Earlier, Swaraj met with her Russian counterpart Sergei Lavrov in Moscow and held talks on bilateral and regional issues on Thursday. The foreign minister also said that she is looking forward to Putin's visit to India on October 4, which would further strengthen India-Russia relations to the highest level. Putin and PM Modi had also met for an informal summit in the Black Sea coastal city of Sochi in May this year. Both the leaders had even met on the sidelines of the BRICS Summit in Johannesburg in June this year.