The problem of mutual settlements is in the focus of business community in Russia and India.
Central to the program of the visit were the New Delhi and Mumbai dialogue conferences between Russian and Indian business representatives, which were not limited to the traditional general speeches and presentations by key participants, but included pitch sessions for interested businesses and organizations and bilateral B2B meetings on specific trade and investment projects.
Denis Alipov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of India, and Alexander Rybas, Russian Trade Representative, addressed the flagship business dialogue in Delhi.
Oleg Preksin’s presentation on payment service BRICS Pay in the context of establishing an alternative cross-border payment and settlement system in the digital economy generated increased interest from the audience facing challenges in mutual settlement and the willingness of some participants to get involved in the work on a project designed to remove existing obstacles.
On the sidelines of the meeting, the Business Council for Cooperation with India signed memoranda of understanding with the Indian Chamber of International Business and with the MSME Development Forum.
The delegation paid visits to the Trade Representation of the Russian Federation in the Republic of India, Investment Promotion and Facilitation Agency «Invest India» and the Maharashtra State Chamber of Commerce.
Mr. Preksin held separate meetings on issues of mutual interest with the National Payments Corporation of India and the Department for Financial Services of the Ministry of Finance, with the representatives of VEB.RF and Sber (those working in India and those who came as part of the delegation from Moscow), as well as with local businessmen, who have expressed particular interest in developing and promoting the BRICS Pay project.
Manish Kumar, Member of the FBA EAC Executive Board, participated as a speaker in the events within the Business Mission held in New Delhi and Mumbai from December 12 to December 17.
Manish Kumar, General Manager of International Mobility NSDC and Member of the FBA EAC Executive Board moderated the session. One of the speakers on the panel was Oleg Preksin, Member of the FBA EAC Executive Board, Chairman of the FBA EAC International Banking Committee, Vice President and Board Member of the Association of Russian Banks.
The Business Mission events are designed to provide a framework for strengthening friendly Russian-Indian ties in the trade, economic and cultural spheres, expanding business cooperation between Russian and Indian participating companies, and introducing specific export offers from the Russian side to Indian partners. Representatives of government agencies, trade and industrial organizations and business community in Russia and India attend the mission.
Business Council for Cooperation with India is a non-profit partnership set up to assist its members in carrying out activities aimed at developing Russian-Indian business.
Chairman of the Board of the Business Council for Cooperation with India is Sergey Cheremin, Minister of the Moscow City Government, Head of the Department for External Economic and International Relations of Moscow, who is also a member of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technical and Cultural Cooperation.