Recalibrate India — Russia Relationship

... and Eurasian Economic Union (EAEU) prepared by Federation of Indian Chambers of Commerce (FICCI), has highlighted the series of challenges faced by the Indian businesses in the EAEU region. Over 80% of the total respondents have their businesses in Russia and expect better market access, visa regime and investment security as necessary conditions for improving trade between two nations. The Joint Feasibility Study Group (JFSG) instituted by India and EAEU authorities painted a similar picture. Both reports emphasized the success of the International North-South Trade Corridor (INSTC) and the creation of “Green Corridor” between India and Russia to achieve the USD ...