Sanctions-Ravaged Russia Offers Opportunities for Indian Firms
- Putin says Indian retailers in talks to open stores in Russia
- India has already been snapping up cheap Russian crude oil
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Indian companies are looking to bolster their operations in Russia, eyeing the opening left by the exodus of European, American and Japanese companies after the country’s invasion of Ukraine.
From drugmakers to consumer good firms, a number of Indian companies are either bagging new projects or are gearing up to pitch for more contracts as Moscow seeks fresh partners and vendors to fill the void. Indian retailers are also in talks to open stores in Russia, President Vladimir Putin told a BRICS business forum last week.