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Vologda Region and India will step up economic cooperation.
11.08.2023 09:19
Cooperation of Vologda Region and India was discussed at the Vologda Region Government. First Deputy Governor Dmitry Gorbachyov had a meeting with Mr. Kumar Gaurav, Consul General of India in St. Petersburg.
The Vologda Oblast is an export-oriented region that cooperates with various states. Trade operations are carried out with more than 115 foreign countries. The Republic of India is among the region's foreign trade partners.
Most of the exports from the Vologda Region to India is made up of fertilizers, ferrous metals, optics, devices and medical equipment. Equipment and mechanical devices, metal products and ferrous metals are imported from the Republic of India to the Vologda Region.
During the meeting, the parties focused on the supply of woodworking products. The Vologda Region ranks third in Russia in terms of timber harvesting. At the same time, 76% of the harvested wood is processed within the region. The enterprises of the timber industry produce all main types of timber products: lumber, mouldings, plywood, chipboard, fiberboard, glued wooden structures, factory-made wooden houses, paper, cardboard, match straws and biofuels.
“Compared with 2022, the trade turnover between Russia and India has increased seven times. In the first quarter of 2023, it has increased by 34%. This indicates a strong business activity between our region and the Republic of India. Representatives of Indian companies visit the Vologda Region. A number of meetings has been held this summer, and a business mission from India is also planned in September. We discussed the priority areas of cooperation between our large holdings and agreed to increase trade turnover," said Dmitry Gorbachev, First Deputy Governor of the Vologda Region.
The Consul General of the Republic of India in St. Petersburg Kumar Gaurav and representatives of the business community were also invited to take part in the Cherepovets International Industrial Forum and the International Forest Exhibition "Russian Forest" in Vologda.
The Vologda Region and the Republic of India intend to develop national cooperation. The first steps towards this cooperation have already been taken.
The Consul General of India in St. Petersburg, in turn, invited representatives of the Vologda Region Government and business partners to visit the republic as part of a business mission.
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