04
Sep2019

EASTERN ECONOMIC FORUM-VLADIVASTOK 04-06 SEPTEMBER, 2019: INDIA AND RUSSIA LIKELY TO INK 25 PACTS

The relationship between India and Russia has a long history of partnership that dates back to the time of independence era. The strategic alliance has helped boost the trade & economy, defense, infrastructure, coal & energy sector etc. In order to continue the same partnership between the two nations, the Hon’ble Prime Minister Narendra Modi and President Vladimir Putin are inking 25 Pacts across various sectors involving Defence, Trade, Investments, Industrial Cooperation, Energy, Connectivity Corridors, Education and many more.

5th Annual Eastern Economic Forum (EEF) 2019, which held on 4th September to 6th September in Vladivostok is expected to result in increased business cooperation between India and Russia, besides a boost to overall bilateral ties. Vast ideas like establishment of trade zone between India and the Eurasian Economic Union (EAEU), a five-nation grouping, comprising Russia, Kazakhstan, Kyrgyzstan, Armenia and Belarus, formed in 2015 to create conditions for the stable development of economies of the member states.

The conglomerate will offer business opportunities to India in all the major sectors. PM Narendra Modi remarked that “relations between India and Far East were not new but ages old. India is the first country which opens its consulate in Vladivostok.” PM Narendra Modi also announced line of credit worth US $ 1 Billion for the development of Far East.

Developments are at high potency, we at Legallands is acting as a legal bridge between the corporateS of two countries by providing the legal support in  terms of Joint Ventures, wholly owned subsidiaries and suggesting investment and technology bonding on mutually attractive terms in compliance of the law of the land.  With the great expertise in Foreign Trade Policies & Foreign Exchange Management Acts, our corporate team is ever willing to provide complete support and assistance in the broadcasting of your business worldwide. For more write to us at connect@legallands.com

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