Armtel on 19th India-Russia annual bilateral summitOctober 08/2018
Indian Prime Minister Narendra Modi and Russian President Vladimir Putin met in Delhi on October 4 for the 19th India-Russia annual bilateral summit. The summit involved major companies from both sides discussing on ways and deals to expedite bilateral trade and investment.
India and Russia had originally set a target of $30 billion in two-way investment by 2025 but the target was achieved this year, seven years earlier than the set time frame.
“Our relations have grown even stronger due to the efforts of businesses on both sides. In the past two years alone, the trade between the two nations has increased a lot and in particular grown by 20% in 2017-18,” Mr Modi said, adding, “India considers Russia its most important partner in its economic growth.”
A representative office of Russian Export Center (REC) is officially opened in India on October 2018. It will provide comprehensive support to Russian exporters entering the Indian market by organizing targeted activities, advising in the field of logistics and customs regulation and providing information to Indian companies on Russian exporters to India, as well as facilitating financial support. REC has organized Russian Business Mission to India that was part of the mentioned India-Russia summit.
Armtel has actively participated there to promote Armtel product and set up new business contacts in India thus following and supporting the trend that is clearly seen on governmental relations level. Our Commercial Director Alexander Buylov also attended India business forum CEO 100 discussing the development of Russian business in India.
Armtel has made a name for itself in the list of top suppliers of Telecommunication Equipment, Public Address Systems in India. Company representative office is located in Gurgaon leading financial and industrial hub in India.
It’s important to know that Armtel strategic development course is fully corresponding to and supported by both the Russian and Indian Governments.