Experts call on India and RF to pool efforts in innovation areas

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ST. PETERSBURG, June 17 (Itar-Tass) -- Russia and India should pool
efforts in the area of innovation, President of the Confederation of
Indian Industry Hari Bhartia said on Thursday.
Bhartia attended the Russian-Indian business meeting within the
framework of the 14th Petersburg International Economic Forum.
According to Bhartia, innovation directions that are planned to be
developed within the Skolkovo innovation centre, such as biotechnologies,
energy efficiency, IT and telecommunications, are also in the focus of
attention in India. Moreover, India has a vast experience in the area of
scientific research, while Russia possesses a significant research
potential, he said and called on the two countries to pool their efforts.
The current trade turnover between India and Russia is 10 billion U.S.
dollars, which is "by far insufficient for such countries," said Grigory
Sarishvili, the head of the Asian and Africa department of the Russian
Ministry of Economic Development. He called on Indian businessmen to
invest more money in the Russian economy and to set up production
facilities in Russia.
The parties to the Russian-Indian business dialogue said they were
interested and ready for closer cooperation. The 4th Russian-Indian forum
on investments and technologies is scheduled to be held in New Delhi this
autumn.
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