Wednesday, May 27, 2020
Defining a new paradigm in India Russia Relations in the era of COVID-19
Introduction
The India Russia Webinar was held on May 27, 2020with focus on defining a new paradigm in India Russia Relations during the era of COVID-19.
The ASSOCHAM Webinar Series focuses on generating a dialogue with relevant industry and Government of India stakeholders for ensuring business continuity of bilateral commercial, trade & investment, engagement with India’s leading trading partners in a post-COVID-19 world.
Key Deliberations at the Webinar:
H.E. Shri D B Venkatesh Varma, Ambassador of India to the Russian Federation
Mr. Deepak Sood, Secretary General, ASSOCHAM
Panellists were:
· Mr. Manish Prabhat, Joint Secretary, Eurasia, Ministry of External Affairs, Government of India
· Dr Alexander LeonidovichRybas, Trade Commissioner, Trade Representation of Russia to India
· Mr. Nandan Unnikrishnan, Distinguished Fellow, Observer Research Foundation (ORF)
· Mr. Andrey Terebenin, Senior Partner, Sistema Asia Fund
· Mr. Anup Vikal, Chief Financial Officer, Nayara Energy
· Mr. Nikita Mazein, Business Development & International Commerce Executive, Rosatom
· Dr Ashwin Johar, India Russia Bilateral Council at NITI Aayog
· Ms.Olga Kulikova, Member of General council of All Russia public organization Business Russia, Business Ambassador to India
The Webinar was moderated by Mr. Abhishek Gupta, Partner, Government and Transaction Advisory Services, EY LLP
Welcoming the panellists and industry participants to the Indian Japan Webinar the Mr. Deepak Sood, the Secretary General, ASSOCHAMsaid the following:
· Localisation of products, disruptions in supply chain
· He mentioned the5 pillars of the Self-Reliant India (Atmanirbhar Bharat) set out by our Hon’ble Prime Minister, Shri Narendra Modi.
· Mr. Sood also talked about the various sectors/areas which can be focus areas going forward: IT,ITes, Pharma, Agriculture.
· He stated that contributions of various sectors to the Indian GDP: Agriculture: generates 49 percent of jobs. Services which has a share of 60 percent and 25 percent share of manufacturing in the Indian economy, in which 85 percent is MSMEs.
· In conclusion: He opined that the Indian economy will reboot our robust Agriculture sector, and Services sector being a major contributor in our GDP. He stated that demand will revive and this will provide necessary internal fillip to the Indian Economy.