Russia is actively seeking to broaden its commercial engagements with India by pursuing joint ventures in sectors outside the conventional energy domain. Several Russian companies are in discussions with Indian partners to establish collaborative ventures that span industries such as engineering, shipbuilding, information technology, renewable energy, oil refining and metallurgy.
This strategic shift reflects a mutual interest in diversifying bilateral trade and reducing reliance on resource-based exchanges. Russian firms see India as a promising destination for localising production, leveraging the country’s large domestic market and its role as a manufacturing hub for South Asia and beyond.
Officials from both sides have underscored the growing demand for non-energy goods and technological cooperation, signalling a new phase of economic interaction that could supplement longstanding energy cooperation. By focusing on value-added manufacturing and integrated supply chains, the two countries aim to increase trade in sectors that complement their respective industrial strengths.
The move comes amid broader efforts by India and Russia to deepen economic ties and explore new avenues of cooperation in the global economic landscape.
