India, Russia, China to boost trades ties
India, Russia and China vowed to boost trade and investment with each
other after a one-day meeting that saw officials and businessmen from
the three countries gather in New Delhi this weekend.
A top Indian foreign official admitted that the three countries
needed to do much more to further economic links.
“Investment between these three countries is quite insignificant,”
said Nalin Surie Saturday, according to a Press Trust of India agency
report. “India, China and Russia have huge raw material and energy
reserves. All three of us should come together to form a
India-China-Russia business partnership.”
The Russian ambassador to New Delhi, Vyacheslav I. Trubnikov, said he
looked forward to further investment in his country’s energy resources
by the energy-hungry Asian nations.
“The three of us can work together to promote joint ventures that
could infuse more investments in oil exploration and production blocks
in Russia, ensuring energy security in India and China,” said Trubnikov,
according to PTI.
But the countries vowed to work together in other arenas as well,
including technology, pharmaceuticals and services, according to a
statement from the Federation of Indian Chambers of Commerce and
Industry.
Chinese delegate Bu Jian Guo said efforts needed to be made to
surpass the three-way trade of 39-billion dollars, the statement from
FICCI, one of the conference organisers, said.
New Delhi, Sunday, AFP
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