India has set up its own pavilion called the India Lounge with the support of the Roscongress Foundation at the 5th Eastern Economic Forum in Vladivostok where PM Narendra Modi is the Chief Guest to facilitate long-term big-ticket investments.
The lounge will serve as a platform to demonstrate investment opportunities in the Far East, promote Indian investments in the region, and attract Russian investors to the growing economy of India.
India’s GDP will exceed $3 trillion this year as the country becomes one of the five largest economies in the world. Due to initiatives carried out by the Indian government to facilitate business, India has become the only nation in the world to be included in the list of the top ten leading countries in the World Bank’s ease of doing business index two years in a row.
India has the status of a guest country at the EEF 2019. At the invitation of Russian President Vladimir Putin, Indian Prime Minister Narendra Modi is the main guest of the EEF 2019 and will head the Indian delegation at the forum. An agreement was previously reached during a business delegation’s visit to Vladivostok to triple trade turnover between the two countries and increase it to $30 billion by 2025. The key to achieving this goal is to identify new opportunities to increase trade, which, in particular, will be facilitated by the India Lounge.
Source: Economic Times
India Promotes Long-term Big-ticket Investments At Eastern Economic Forum
