India and Russia set US$ 50 billion investment target by 2030
- IBEF
- July 6, 2026
India and Russia have set an ambitious target of achieving Rs. 4,41,850 crore (US$ 50 billion) in mutual investments by 2030, further strengthening their long-standing economic partnership through greater collaboration in advanced manufacturing, critical minerals, green technology and emerging industries. The target was discussed during the meeting of the India-Russia Joint Working Group on Priority Investment Projects in Moscow, co-chaired by the Department for Promotion of Industry and Internal Trade (DPIIT) and the Russian Ministry of Economic Development. Both sides agreed to encourage private sector participation and promote joint investment projects across strategic sectors, including advanced manufacturing, green hydrogen, energy storage, metallurgy, mining, critical minerals and new technologies. India's investment opportunities, ongoing economic reforms and skilled workforce were also showcased as key strengths to attract greater Russian investment and foster long-term industrial cooperation.
The meeting highlighted growing momentum in bilateral economic engagement, with representatives from the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) participating in the Russia-India Investment Forum in Moscow. Discussions focused on expanding bilateral investments, strengthening industrial collaboration and building resilient supply chains to support sustainable economic growth. The "Making in Russia for India" model was also highlighted as a framework for deeper cooperation in sectors such as fertilisers, mining and critical minerals. The proposed investment target is expected to create new opportunities for businesses in both countries, accelerate technology collaboration and reinforce strategic economic ties, while supporting industrial development and long-term investment partnerships across priority sectors.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.
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