Russian-Indian relations are characterized by intensive economic and political collaboration, with businesses exhibiting growing interest in entering both Russian and Indian markets. Priority areas for Russia–India trade and economic cooperation include energy, metallurgy, car manufacturing, and aircraft construction. In 2018, Russian-Indian trade reached nearly USD 11 billion, an increase of 17.3% over 2017. Bilateral regional cooperation is also gaining momentum and demonstrating great potential for becoming a key factor in strengthening trade and economic ties. “We have every opportunity to move forward consistently, consolidating the economic foundations of our relations. For this purpose, contacts in all areas must be boosted”, Russian President Vladimir Putin stated. The leaders of the two countries have set the goal of expanding bilateral trade from USD 10 billion to USD 30 billion by 2025. Yet there are still a number of restrictions and barriers that have to be overcome in order to achieve these goals. What immediate steps should be taken to take Russian-Indian relations to a new stage and what are the trends for deepening and developing cooperation at all levels?
Moderator Sergei Cheryomin,
Minister, Head of Department for Foreign Economic Activity and International Relations, Moscow City Government; Chairman of the Board, Business Council for Cooperation with India
Sergei Cheryomin
Minister, Head of Department for Foreign Economic Activity and International Relations, Moscow City Government; Chairman of the Board, Business Council for Cooperation with India
Born July 5th , 1963 in Kislovodsk. In 1989 graduated with honors from the Moscow State Institute of International Relations with a specialization in international journalism and completed his postgraduate course at Moscow State University specializing in global economic issues. In 1992, he was an intern at the New York Institute under the Investments and International Accounts Program and in 1993 joined a course for banking specialists at Fairfield University (USA). From 1991 to 2003 Mr. Cheremin headed various banks. In 2004, he was appointed CEO of Moscow Bank of Reconstruction and Development (MBRD). From 2005 to 2009 he acted as the Chairman of the Board of MBRD, he also served as Senior Vice President and Head of External Relations of JSFC Sistema. From 2009 to 2010 — Deputy Chairman of the Board of JSFC Sistema. From 2009— Chairman of the Board of Business Council for Cooperation with India, member of the Russian-Indian Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation. November 8th 2010, Mr.Cheremin was appointed Minister of the Moscow City Government, Head of the Moscow City Department for External Economic and International Relations. In 2015 was appointed Deputy Chairman of the Russian-Indian Inter-Governmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation.
Panellists
Siddharth Bhatia,
Vice President, National Investment Promotion and Facilitation Agency of India
Venkatesh Varma Datla Bala,
Ambassador Extraordinary and Plenipotentiary of the Republic of India in the Russian Federation Igor Zelezetsky,
Chief Executive Officer, Analytical Credit Rating Agency (ACRA)
Vikram Kirloskar,
President, Confederation of Indian Industry Shiv Vikram Khemka,
Vice Chairman, SUN Group Sirodzh Loikov,
Deputy General Director for International Projects, Member of the Management Board, PhosAgro Alexander Misharin,
First Deputy Chief Executive Officer, Russian Railways Vikram Singh Punia,
President, Pharmasyntez Aleksandr Sinitsyn,
President, Center for Strategic Research Foundation
Siddharth Bhatia
Vice President, National Investment Promotion and Facilitation Agency of India
Venkatesh Varma Datla Bala
Ambassador Extraordinary and Plenipotentiary of the Republic of India in the Russian Federation
Igor has been working at the Analytical Credit Rating Agency (ACRA) since January 2016. Before becoming ACRA CEO, he was the Agency’s managing director and head of the Structured Finance Ratings Group. Before joining ACRA, Igor worked on structured finance analysis for 12 years at Moody’s (London), and between 2001 and 2003 worked as an analyst at one of the largest investment funds in Australia. Igor has unique expertise in the assessment of a wide range of financial instruments from classical mortgage-backed securities to bonds secured by heterogeneous asset pools. Igor graduated from the University of Sydney, New South Wales.
Vikram Kirloskar
President, Confederation of Indian Industry
Shiv Vikram Khemka
Vice Chairman, SUN Group
Mr. Shiv Khemka was educated at Eton College, received a B.A. from Brown University, an M.B.A. with distinction from The Wharton School and a Master’s in International Studies from The Lauder Institute, University of Pennsylvania. He was elected a “Global Leader for Tomorrow” (GLT) at the World Economic Forum in Davos in 1997 and was invited to join the Forum’s “Foreign Business Leaders’ Council” for Russia. He is a member of the WEF’s Global Agenda Council for Education. As one of the founders and partners, Shiv also sits on the Coordination Board of the Moscow School of Management “SKOLKOVO”. SUN Group is a leading principal investor and private equity fund manager in Russia, India and other emerging and transforming markets. The Group has been active in areas such as Mining, Oil & Gas, Real Estate, Food & Beverage, Infrastructure, HiTech and Renewable Energy. The founding shareholder of SUN is an Indian family group that has been active in India for more than 100 years and has been working in Russia since 1958. SUN is a member of the Russian Prime Minister’s Foreign Investment Advisory Council (FIAC).
Sirodzh Loikov
Deputy General Director for International Projects, Member of the Management Board, PhosAgro
Alexander Misharin
First Deputy Chief Executive Officer, Russian Railways
Alexander Misharin was born in 1959. He graduated from the Urals State University of Railway Transport as a Railway Transport Electrification in 1981. He obtained his second university degree, in economics, from the same university in 1997. Misharin has a CSc degree in economics and a DSc in engineering.He started out as an electrician and rose through the company to become chief engineer of Sverdlovsk Railway. He served as Deputy, First Deputy Minister of the Railways, Chief of Sverdlovsk Railway, Director of the Department for Integrated Development of the Infrastructure of the Ministry of Transport of the Russian Federation, Deputy Minister of Transport of the Russian Federation, and Director of the Department for Industry and Infrastructure of the Central Office of the Government of the Russian Federation.He was Governor of the Sverdlovsk Region from 2009 to 2012.Alexander Misharin became First Vice-President of Russian Railways JSCo in December 2012.
Vikram Singh Punia
President, Pharmasyntez
Born on March 15, 1973 in Jaipur, India. Russian citizen. Graduated from Birla Public School in Pilani. In 1992 started his higher education in Russia, at Irkutsk State Medical University. Later graduated from the Far Eastern Federal University, majoring in Finance and Credit. Married, with three children. Founder of Pharmasyntez, member of the Leaders’ Club to Promote Business Initiatives (a non-profit partnership), Co-Chairman of the Business Council for Cooperation with India, participant in several investment forums and business missions. Pharmasyntez manufactures medicinal drugs for socially significant diseases, such as tuberculosis, HIV/AIDS, cancer, hepatitis and diabetes. The company’s profile includes over 113 various pharmaceutical forms and dosages – caps, pills, granules, IV solutions, sterile dry powders, solutions for injection and lyophilisates. Currently Pharmasyntez has five GMP compliant manufacturing facilities in the following Russian cities: Saint Petersburg, Tyumen, Bratsk, Irkutsk and Ussuriysk. The company employs over 1500 qualified specialists. Pharmasyntez was number one Russian pharmaceutical manufacturer based on hospital purchases in 2016 (and No. 5 out of all pharmaceutical manufacturers, based on hospital purchases records). In 2016 it also became the fastest growing Russian manufacturing company with the revenue of 12 billion, which has doubled in comparison with 2014. Currently Pharmasyntez is Russia’s leader in manufacturing medicinal agents for tuberculosis, retrovirus and cancer. Farmasintez does innovative R&D and exports pharmaceutical agents from Russia. The company is Irkutsk’s biggest tax payer.
Aleksandr Sinitsyn
President, Center for Strategic Research Foundation
Front row participants Mikhail Lifshitz,
Chairman of the Board of Directors, Rotec
Venkata Ramana Motupalli,
Chief Executive Officer of Branded Markets for India and Emerging Countries, Dr. Reddys Laboratories Pavel Rastopshin,
Managing Director, Zyfra Alexey Rakhmanov,
President, United Shipbuilding Corporation Vsevolod Rozanov,
Managing Partner, Sistema
Jaidev Rajnikant Shroff,
Global Chief Executive Officer, UPL Limited
Alexey Yushchuk,
General Director, Vireo Energy
Mikhail Lifshitz
Chairman of the Board of Directors, Rotec
Was born on May 4, 1963 in Moscow. Graduated from Bauman State Technical University, Moscow and Kaluga Aviation Training College. Chairman of the Board and a co-owner of: • ROTEC JSC (machine-building, engineering and predictive analytic solutions for industrial assets); • Ural Turbine Works LLC (power generation equipment manufacturer, inc. steam turbines and related machinery); • TEEMP LLC (supercapacitors manufacturer and provider of energy storage solutions). Member of the Board of: • Sulzer AG (pumping solutions, services for rotating equipment, separation, mixing and application technology) • SOLIDpower S.p.a. (high-temperature fuel cell systems for power and heat generation) • Hevel (Russia's largest solar energy company) • Oerlikon AG (2013-2015) Holder of 18 patents for inventions. Honoured Mechanical Engineer of the Russian Federation
Venkata Ramana Motupalli
Chief Executive Officer of Branded Markets for India and Emerging Countries, Dr. Reddys Laboratories
Pavel Rastopshin
Managing Director, Zyfra
Pavel Rastopshin is a Certified Manager of IT services with over 20 years experience. He possesses many years of experience in IT management in such industries as industry, energy, telecommunications, FMCG, banks. He is an expert in ERP systems and business applications, ITIL / ITSM, and IT outsourcing. Before joining ZYFRA, Pavel worked as Executive Vice President of MAYKOR (Top?100 Global Outsourcing IAOP) and was responsible for promotion and provision of outsourcing services in all sectors of the Russian economy. In 2014 Pavel provided a sevenfold increase in "cloud revenue", heading the cloud technology and business solutions department in SAP CIS. Before that, Pavel worked as a Business Development Director at Triangle Consulting (exclusive partner of Capgemini in Russia), heading marketing and sales in the areas of Management and IT Consulting, ERP. From 2009 to 2011, he was head of the Russian branch of the IT Service Management Forum. Pavel graduated from Moscow State University of Civil Engineering. He has the MBA degree from Stockholm School of Economics regarding the program "strategic marketing".
Alexey Rakhmanov
President, United Shipbuilding Corporation
Alexey Rakhmanov was born on July 18, 1964. In 1986 he graduated from the Nizhny Novgorod Polytechnic Institute with a degree in mechanical engineering. In 2003 he graduated from the School of Business at the University of Chicago with a degree of Master of Business Administration. In the early stages of his career, he held various positions in the public and private entities. In 1996 he joined international auditing and consulting firm Ernst & Young where he worked until 2002. Between 2002 and 2008 he served as Director for Strategy and Business Development at JSC Severstal-Auto. In July 2008 he was appointed Director of the Department of Automotive Industry and Agricultural Machinery at Russia’s Ministry of Industry and Trade, and in March 2012 – Deputy Minister of Industry and Trade. Since June 2014 he has been President of the United Shipbuilding Corporation (USC). Alexey Rakhmanov is Chairman of the Supervisory Board of the St. Petersburg State Marine Technical University (SPbSMTU), Chairman of the Shipbuilding Industry and Marine Equipment Committee of the Russian Engineering Union, Member of the Russian Engineering Union Management Board. Head of the Working Group on improvement of legislation in the field of state defense order at the State Duma Commission on Legal Support of Development of Defense-Industrial Organizations of the Russian Federation. Deputy Chairman of the Council on Shipbuilding of Russia’s Military-Industrial Commission. Member of the Supervisory Board of the Sevastopol State University. Chairman of the Expert Council on the development of shipbuilding industry and marine equipment at the State Duma Committee on Economic Policy, Industry, Innovation and Entrepreneurship. Vice-President of the Association “League of Support to the Defense Industry Enterprises”. Member of the Board of Directors of JSC USC, JSC Avrora Research and Production Association, JSC Far Eastern Shipbuilding and Ship Repair Center. Co-Chairman of the Russian - Finnish Business Council. Chairman of the Russian - South Korean Business Council. Awarded the Order of Friendship, conferred the title "Honored Mechanical Engineer".
Vsevolod Rozanov
Managing Partner, Sistema
Mr. Rozanov was born on 30 July 1971 in Moscow. He graduated from the Faculty of Economics of Lomonosov Moscow State University, Department of Foreign Economies.From 1993 till 2001 he held a various positions with Bain & Company Inc. in Moscow, London and Stockholm.From 2002 till 2004, Mr. Rozanov held a position of Deputy CEO of Economics and Finance at CJSC MTU-Inform.From 2004 till 2006, he was a Vice President of Economics and Finance at OJSC Comstar United Telesystems.From 2006 till 2008, Mr. Rozanov held a position of Vice President for Finance and Investment, member of the Management Board at MTS. From August 2008 till 2013 he held a position of CEO of Sistema Shyam TeleServices Limited. Currently a member of the Boards of Directors of SSTL and MTS.
“Digital economy is a new paradigm for the development of the state, the economy and society.”
Greetings to participants, organisers, and guests of the
27th St Petersburg International Economic Forum
“For more than a quarter of a century, the Forum has provided an opportunity for politicians, experts, business leaders, academics, and media professionals from around the world to hold in-depth discussions on key economic development trends in Russia and the world. Participants in plenary sessions, roundtables and panel discussions exchange views on ways to promote international cooperation, encourage scientific and technological progress and the development of human capital, and to effectively tackle the challenges we face.
The theme of the current meeting, The Foundations of a Multipolar World – The Formation of New Areas of Growth, is highly relevant and meaningful. A growing part of the international community is in favour of building a just and democratic system of international relations based on the principles of genuine equality, consideration for each other’s legitimate interests, and respect for the cultural and civilisational diversity of nations. It is precisely these principles that underpin the activities of BRICS, which Russia is chairing this year. It is symbolic that the history of this dynamically developing association, whose members already account for more than a third of the global economy, began at the 10th St Petersburg International Economic Forum in 2006.
Our country is open to constructive dialogue and interaction with partners and is ready to work together to address the economic, social, scientific and technological challenges of our time.
I am confident that the Forum will jump-start new and promising initiatives and projects, fostering mutually beneficial cooperation between our countries and peoples.