Exploring Trade and Investment Opportunities between India and the Rostov Region

A virtual meeting was jointly organised by WTC Mumbai, AIAI and Ministry of Economic Development of Rostov Region to promote trade and economic cooperation between India and the Rostov Region of Russia. The session featured senior government officials, trade representatives, and businesses from both sides and served as a platform to explore synergies in key sectors such as agriculture, food processing, agro-engineering, logistics, and chemicals.

Mr. Mammad Akhmedov, Head of the Russian Trade Mission in India (Mumbai), opened the session by highlighting India's strong economic fundamentals. He noted that India, with its 700 million internet users and a growing middle class of 450 million people, represents a highly attractive market for Russian goods. He emphasized the importance of capitalizing on the cordial bilateral ties between India and Russia to boost trade and commercial engagement.

Mr. Pavel Pavlov, Minister of Economic Development of the Rostov Region, delivered a detailed address on the economic landscape and potential of the Rostov Region. He explained that the region, which ranks sixth in population among Russian federal subjects, is strategically located on major North-South and East-West transport corridors. It is home to three seaports and the largest air hub in southern Russia, making it a vital logistics and trade gateway. The Rostov Region recorded a GDP of USD 34 billion in 2024 and a trade turnover of USD 13 billion, with exports reaching 112 countries—64.8% to Asia and 25.1% to Africa.

Mr. Pavlov further elaborated on the region’s sectoral strengths. He noted that the Rostov Region is a leader in agriculture, particularly in the production of milk, eggs, grains (such as barley, corn, and rice), and sunflower. Its fertile lands and developed agri-engineering sector, known for the production of grain harvesters, make it an ideal location for agro-based industries. The region is also a global leader in food packaging, has a strong presence in the chemical and petrochemical sectors, and holds more than 20.8% of Russia’s nuclear reactors, positioning it as a key nuclear region. Additionally, the Rostov Region is known for its aerospace capabilities, producing amphibious aircraft and load-lifting helicopters. Fishing and marine production are also significant industries, offering opportunities for Indian companies in marine product processing.

Ms. Anna Bendictova, Representative of the Russian Export Center in India, spoke about the Center’s role in facilitating business linkages and supporting Russian exporters in finding Indian buyers. She underscored the importance of agricultural cooperation, noting that agricultural products are the second-largest category of exports from the Rostov Region to India. She encouraged Indian businesses to explore collaborations with companies from the Rostov Region in agriculture, agro-processing, and related industries.

The webinar also featured presentations from several exporters and businesses from the Rostov Region, representing sectors such as agriculture, food processing, agro-engineering, logistics, and finance. These companies showcased their products and services and expressed interest in exploring partnerships with Indian counterparts. The session concluded with an interactive discussion where Indian participants engaged with the Russian delegation through questions and exploring specific avenues for collaboration.