Press Release

ASSOCHAM and Roscongress sign MoU to accelerate India-Russia JVs and Innovation

Both organisations affirmed their commitment to broadening and strengthening the economic partnership between the Russian Federation and the Republic of India.

The Roscongress Foundation, represented by its Chief Executive Officer Mr. Alexander Stuglev, and The Associated Chambers of Commerce & Industry of India (ASSOCHAM), represented by its Secretary General Mr. Manish Singhal, have formalised a landmark Cooperation Agreement in New Delhi. Acting on the basis of their respective Charters, both organisations affirmed their commitment to broadening and strengthening the economic partnership between the Russian Federation and the Republic of India.

This strategic Agreement establishes a comprehensive framework aimed at advancing long-term, mutually beneficial cooperation across a wide spectrum of sectors. Recognising the growing importance of India–Russia economic relations, the two institutions will work together to enhance linkages between expert communities, business leaders, and policy stakeholders, creating stronger platforms for dialogue and collaboration.

Under the MoU, Roscongress Foundation and ASSOCHAM will jointly support the development of high-impact initiatives in areas such as exports in high priority areas, investments, technology exchange, amongst others. The partnership aims to stimulate economic interaction, drive new business opportunities, and enable deeper connectivity between Indian and Russian enterprises.

The two organisations will also collaborate in high-level engagements including forums, conferences, exhibitions, and business delegations—to advance bilateral dialogue and facilitate greater industry participation. This includes coordinated promotion of initiatives through official communication channels, ensuring wide visibility while upholding confidentiality norms agreed upon by both Parties.

The Agreement further provides for continuous exchange of relevant information, regular consultations, and structured coordination to evaluate ongoing activities and identify new avenues of cooperation. This institutional alignment is expected to reinforce the foundations of India–Russia economic engagement, enabling businesses from both countries to participate more effectively in emerging opportunities.

With the signing of this Cooperation Agreement, the Roscongress Foundation and ASSOCHAM reaffirm their shared commitment to strengthening the strategic, economic, and cultural bonds between India and Russia. This partnership marks a significant step towards expanding business horizons, creating new collaborative platforms, and elevating bilateral engagement on the global stage.