On April 16, speaking at the Andhra Pradesh – Tatarstan business forum, which was held during a working visit of Tatarstan delegation led by Tatarstan President Rustam Minnikhanov to the city of Visakhapatnam (India), Minnikhanov said that Tatarstan attaches great importance to the development of cooperation with India.
Welcoming the forum participants, Minnikhanov noted that the visit of the Tatarstan delegation, which included representatives of ministries and agencies, as well as businessmen, will provide an opportunity to discuss the state and prospects for the development of relations between Tatarstan and India aimed at strengthening cooperation between Russia and India.
"Governments and business circles of our countries are making efforts to expand cooperation in various fields. For our part, we are ready to actively participate in these processes at the regional level,” Tatarstan President added.
According to Minnikhanov, Tatarstan has solid experience in cooperating with Indian partners. India is one of the leading customers of the Kazan Helicopter Plant. In total, more than 550 civil and military helicopters of the Mi series have been delivered to India. In addition to repair of equipment and training of staff, work is underway to establish a helicopter maintenance centre in India. It is also planned to present a new Ansat light helicopter on the local market.
Tatarstan President noted that KAMAZ trucks are well-known in India. In the field of oil refining and petrochemical industry, cooperation has been established with the Tatneft Oil ompany and TAIF Investment and Production Company. These are rubbers, mechanical and electrical equipment, metal and wood products, and other products.
Indian goods, including tea, spices, textile, pharmaceuticals, various equipment and other goods, are widely represented on the Tatarstan market.
Last year, the volume of trade amounted to 215 million US dollars. According to Tatarstan President, there are all opportunities to increase these indicators. "I hope that our visits will give an impetus to our relations and we will be able to exceed these figures," Minnikhanov said.
Tatarstan President added that apart from helicopters and trucks, the republic is interested in promoting other products to India, including ships, gas pumping equipment, tires, compressors, medical instruments, other machine-building and petrochemical products.
"We are also interested in developing cooperation in the field of information technology and pharmaceuticals. This morning we have visited the Farma-City industrial park. You have created a powerful world-class cluster. We would like to cooperate and be your partners,” Minnikhanov stressed.
According to him, there is good potential for expanding contacts in the sphere of culture, education, science and tourism. Over 800 students from India are studying in regional universities today. "We will be glad to increase their number," Minnikhanov added.
CEO of the Andhra Pradesh Economic Development Board Krishna Kishore told the meeting about the economic and industrial potential of the state of Andhra Pradesh, which is one of the 29 states of India. Situated on the southeastern coast of the country, it covers an area of 163,000 square meters with 50 million inhabitants.
Andhra Pradesh is the second state in India in terms of mineral resources. It has about one third of all Indian limestone reserves. There are also large deposits of natural gas, coal, manganese, asbestos, iron ore, graphite, quartz, tungsten, uranium, granite, etc.
The state features such branches of industry as shipbuilding, oil refining, aviation industry, pharmaceuticals industry, steel production, electrical equipment and machine tools, mining, chemical and textile sectors.
At the end of the forum, a cooperation agreement between the Chamber of Commerce and Industry of the republic and the Economic Development Council of the State of Andhra Pradesh was signed in the presence of Minnikhanov.