Geographically, Russia is the world’s largest country, covering 1/8th of the earth’s land area and as per statistics; it is the 9th most populous country in the world with over 146 million citizens. It spans over parts of northern Asia as well as Europe, sharing its border with 14 countries. The Russian Federation, formerly known as USSR, was at the forefront of numerous invasions and wars, which together influenced the course of history and paved the way for the world to be, as it is today. Russian language is one of the top 10 business languages of the world.
Economically, Russia plays a vital role by being an active member of many organizations related to trade and commerce, human rights, etc. As per IMF (2015), Russia has the 12th highest GDP rate in the world, owing to the abundance of mineral resources found in its vastly spanning region. For a long time, the driving force behind its booming economy has been the production and export of oil and natural gas. Russia is also known as one of the sustainable countries when it comes to energy resources and production.
The Indo-Russian business relations have developed considerably since the past decade. In the recently published story by Russia and India Report, dated 15th June 2016, the Indian ambassador to Russia, Pankaj Saran said “Russia is one of India’s key international partners in such areas as economic, energy and military cooperation.” Efforts to improve the bilateral trade can be noticed from the fact that various treaties have been signed between the two countries in the past few years. India was awarded the status of ‘partner country’ for Russia’s largest trade-fair Innoprom, scheduled to take place in July 2016, wherein 150 Indian companies will showcase their products and services.
The ‘Make in India’ initiative has drawn the attention of many investors as India is a major importer of Russian goods. Although a difficult place to start, since the Indian market is already swamped with American and European labels, this initiative will help the Russian companies to set up their factories, enabling both countries to foster business relations. India and Russia both, are part of BRICS, a powerful organization as it brings together a total of around 3 billion+ people, which Is 42% of the world’s population.
The following companies are examples of Russian presence in India –
Other areas of cooperation include science & technology, pharmaceuticals, manufacturing, aviation, defence, combating terrorism, etc. A notable organization, which allows for mutual interaction, is the India - Russia Chamber of Commerce. While dealing with Russian clients, it would be essential to hire reliable and experienced Russian translators in India as well as professional Russian Interpreters for various occasions.
© Copyright 2020 CMM Languages & Web Services. All Rights Reserved