Indian business sees future success in developing Russian car industry
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In an interview with Sputnik, the Indian Business Alliance (IBA) President said that Russia's car industry has the potential to develop successfully in the foreseeable future.
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Workers on the assembly line of the Lada plant in Izhevsk, Russia
The Indian Business Alliance (IBA) President, Sammy Kotwani, said in an interview with Sputnik that the Russian automobile industry can successfully develop soon.
"I think, Russian automobile industry can develop their own cars within no time. And I think Russia will have much more better cars than Toyota company if they pay attention and start manufacturing in Russia," the official said.
Kotwani also believes that Indian and Russian pharmaceutical companies will be exporting products to South Asia and Africa in the near future.
The official added that the International North-South Transport Corridor (INSTC) will be launched "in full swing" in a couple of months, noting that it has been the most vital part of the cooperation between Iran, India, and Russia in the future.
Russian Ambassador to India Denis Alipov noted on Tuesday the strong bilateral ties with India, saying the positive dynamics of trade between Russia and India will continue despite the sanctions of the West against Moscow over its operation in Ukraine.
