Points for further growth

Joint ventures represent points for growing trade and economic relations with India

Joint ventures represent points for growing trade and economic relations with India
Joint ventures represent points for growing trade and economic relations with India — as noted by the Chairman of the National Assembly’s Council of the Republic, Mikhail Myasnikovich, on meeting the Indian Minister of State for Commerce and Industry, Nirmala Sitharaman.

“The growth points are the establishment of joint ventures we have agreed on in Belarus and India. They represent not only co-operation in trade, economics and merchandise but also investment collaboration,” noted the Belarusian MP.

Among other projects there are proposals to set up a Belarusian vehicle centre in India and a medical centre in Belarus. The former is expected to offer products made by BelAZ and Amkodor and, possibly, MAZ and MTZ — providing pre-delivery inspection, localisation, maintenance and personnel training. In turn, Belarus’ prerequisites for setting up an Indian medical centre are represented by five enterprises designed to produce medications. These are being built with assistance of Indian capital in Beshenkovichi, Nesvizh, Skidel and Kolyadichi.

The second important area of co-operation is the development of the free trade area agreement between the Eurasian Economic Union and India. Apart from that, it is necessary to step up parliamentary contacts by refreshing the friendship groups in the parliaments of Belarus and India.

By Alexander Pimenov



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