- Russia's new offer to India after cheap oil

- Russia wants Indian corporates to take advantage of St. Petersburg International Forum to set up industries in Russia

Moscow: After selling cheap oil to India, Russia has made a new offer to India. Western countries, under American leadership, lost their Industries after the Ukraine war. Russia has invited Indian industrialists to take over those industries. This is a very important opportunity for Indian entrepreneurs.

According to a report in the English newspaper "The Hindu-Business-Line", it has been found that Indian companies take advantage of the "St. Petersburg International Economic Forum" to make these deals and establish themselves in the fast-growing European economy. Although this forum is supposed to meet from 5 to 8 June 2024, but before that, as a background, Indian businessmen can discuss about such a future arrangement here.

It is well known that the West has imposed economic sanctions on Russia after the Russia-Ukraine war. Alexey Valkov, deputy director of the Ross-Congress-Foundation and director of the SPIEF, says that there are several industries and business complexes that European and American companies have abandoned due to pressure from their governments. is Chinese companies are also ready to "take-over" such commercial complexes or industries.

Alexey Valkov further said that there are several sectors such as automobiles, transportation, textiles and small industries in which Indian investors and companies are likely to be interested. It may not be right to talk about commercial interests but our trade with India is increasing in traditional sectors.