AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
  • Select Language
    • English
    • हिंदी
    • ગુજરાતી
  • Advertise With Us
Follow us on Google News
AnyTV News
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Automobiles
  •  
    • Lifestyle
    • Health
    • Education
    • Viral News
    • Agriculture
    • Astrology
    • Election
No Result
View All Result
AnyTV News

Tremendous opportunities for this special business in Russia, focus on investment and export – delegation will leave on 26 August – AnyTV News

by Aaryan Srivastav
August 19, 2024
Tremendous opportunities for this special business in Russia, focus on investment and export - delegation will leave on 26 August - India TV Hindi


Photo:REUTERS India and Russia are discussing doing business in local currency

Leather Sector A delegation of more than 20 officials of the BRICS will visit Russia this month. The main objective of this visit is to seek investment and take advantage of the growing export opportunities. The 3-day visit will begin on August 26. R. Selvam, Executive Director of the Leather Export Council, said that currently India exports leather goods worth $60-80 million, but this is still less because there are tremendous opportunities in Russia. Selvam said, “We will also participate in the international fair Euro Shoes Premier Collection to be held in Moscow. We are taking a delegation with the aim of attracting investment, help of technology in product manufacturing. “

Exports declined to $14.21 million in the current financial year

R. Selvam said that there are huge export opportunities in sectors like leather clothing, goods and shoes. However, there are payment related problems in Russia due to sanctions by Western countries due to the Russia-Ukraine war, but exporters doing business in rupees can send goods. Exports of leather, leather goods and shoes increased from $ 44.84 million in 2022-23 to $ 62.48 million in 2023-24. However, during April-June in the current financial year 2024-25, exports declined to $ 14.21 million, as compared to $ 16.34 million in the same period last year. He said, “The main reason for this decline is the payment problem, which is due to banks not issuing BRC (Bank Receipt Certificate).”

India and Russia are discussing doing business in local currency

R. Selvam, Executive Director of Leather Export Council, said that sanctions have been imposed on Russia’s SEBR Bank by the US OFAC (Office of Foreign Assets Control). Due to the sanctions, many Indian banks are not issuing BRCs for payments from Russia. India and Russia are discussing doing business in local currency and reducing non-tariff barriers by Russia to boost bilateral trade. India and Russia have set a target to increase bilateral trade to US$ 100 billion by 2030.

With PTI inputs

Latest Business News



SendShareShareTweetSharePinShareSend

Related Posts

Walk together, eat noodles-ate cream… Then the boyfriend of the woman, the murder of the woman, will tremble after reading the whole story
News

Walk together, eat noodles-ate cream… Then the boyfriend of the woman, the murder of the woman, will tremble after reading the whole story

by Ankita Sharma
May 12, 2025
Tata Steel announces coarse dividend, more than 100% increase in company's profit
Business

Tata Steel announces coarse dividend, more than 100% increase in company’s profit

by Aaryan Srivastav
May 12, 2025
Pakistani conspiracy again on the border! Suspected drone seen in Samba, Indian Army action
News

Pakistani conspiracy again on the border! Suspected drone seen in Samba, Indian Army action

by Ankita Sharma
May 12, 2025
AnyTV News

AnyTVNews is a prominent digital news channel in India, known for delivering the latest updates on politics, sports, entertainment, and local events. The channel’s dedicated team of journalists and reporters ensures that viewers receive accurate and timely information from every corner of country. AnyTVNews has built a reputation for its fast and reliable news service, making it a trusted source for the people of India. The channel’s programs and news bulletins are highly popular among viewers, establishing AnyTVNews as a significant player in the news landscape.

CONNECT WITH US

TRENDING TOPICS

  • Agriculture
  • Astrology
  • Automobiles
  • Business
  • DIY
  • Education
  • Election
  • Entertainment
  • Gadgets
  • Health
  • India
  • Internet
  • Lifestyle
  • Mobile
  • News
  • Opinion
  • Politics
  • Regional
  • Sports
  • Technology
  • Uncategorized
  • Viral News
  • World

READ NEWS IN

  • Hindi
  • Gujarati
  • English

FOLLOW US ON

Follow us on Google News
  • About Us
  • Advertise With Us
  • Disclaimer
  • DMCA Policy
  • Privacy Policy
  • Contact Us

© 2024 AnyTV News Network All Rights Reserved.

No Result
View All Result
  • Select Language
    • हिंदी
    • ગુજરાતી
  • News
    • India
    • Regional
    • World
  • Business
  • Politics
  • Sports
  • Entertainment
  • Technology
    • Mobile
    • Gadgets
    • Internet
  • Lifestyle
  • Health
  • Automobiles
  • Education
  • Viral News
  • Agriculture
  • Astrology
  • Election
Follow us on Google News

© 2024 AnyTV News Network All Rights Reserved.