Joint ven­tures to fuel Be­larus-in­dia trade

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In­dia ex­pects its trade with Be­larus to grow con­sid­er­ably thanks to new joint ven­tures and ex­pand­ing spheres of co­op­er­a­tion. Am­bas­sadore xtraor­di­nary and Plenipo­ten­tiary of In­dia to Be­larus Panka­jsax­ena made the state­ment dur­ing the press con­fer­ence held on 14 Au­gust. The diplo­mat re­minded that Be­larus and In­dia are in­tent on rais­ing their mu­tual trade turnover to $1 bil­lion. The coun­tries are work­ing hard on it, in­clud­ing by es­tab­lish­ing joint ven­tures. In par­tic­u­lar, In­dia in­vites Be­laru­sian com­pa­nies to par­tic­i­pate in the Make in In­dia pro­gram. As part of the pro­gram the In­dian gov­ern­ment en­cour­ages the es­tab­lish­ment of en­ter­prises in 25 sec­tors of the econ­omy. Ac­cord­ing to Panka­jsax­ena, this year is very ac­tive as far as Be­laru­sian-in­dian co­op­er­a­tion is con­cerned. Ses­sions of the joint com­mis­sion on mil­i­tary and tech­ni­cal co­op­er­a­tion, the in­ter­gov­ern­men­tal com­mis­sion, and other agen­cies have been held. “In­dia has sug­gested sign­ing a bi­lat­eral in­vest­ment agree­ment. The side have come to terms con­cern­ing the con­tent of the agree­ment. The agree­ment will be signed within the next two months,” spec­i­fied the diplo­mat. A ma­jor Be­laru­sian com­pany in­tends to buy leather and hides in In­dia in or­der to make footwear. Apart from that, In­dian com­pa­nies co­op­er­ate with Or­sha Linen Mill. The In­dian am­bas­sador men­tioned the im­por­tance of ex­chang­ing top and high­level vis­its. “We look for­ward to a high-level visit from Be­larus next month,” added the diplo­mat.

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