A socially oriented non-financial development institution and a major organizer of international conventions, congress, exhibitions, business, social and sporting, public, and cultural events.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 160 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 75 countries worldwide.

The Roscongress Foundation has Telegram channels in Russian (t.me/Roscongress), English (t.me/RoscongressDirect), and Spanish (t.me/RoscongressEsp). Official website and Information and Analytical System of the Roscongress Foundation: roscongress.org.

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28 August 2019

Indian Record

India is the guest country at the Eastern Economic Forum 2019. Indian Prime Minister Narendra Modi will be in attendance. Experts predict that mutual investments between Russia and India will exceed USD 30 billion in the next six years, primarily through cooperation in the military-industrial complex (MIC) and nuclear energy. India is already the largest buyer of Russian arms.

Late last year, the two countries signed a series of major contracts, including an agreement for the delivery two Talwar-class frigates worth USD 1.2 billion. India will construct another two such frigates using Russian blueprints at its own Goa Shipyard Limited. India is a repeat buyer of Russian aircraft and air defence missile systems. The Russian portfolio of orders for the delivery of military hardware to India is currently worth approximately USD 14 billion.

It is worth noting that military tech cooperation between the two countries is built on an industrial technological model — Russia does not just supply finished hardware, it also shares technologies. For 20 years now, JV BrahMos Aerospace has been producing supersonic cruise missiles, JV Indo-Russian Rifles Private Limited (IRRPL) has been producing automatic rifles on the unique Kalashnikov rifle platform, and a newly created JV will supply the local market with Ka-226 light helicopters.

One of the largest Russian-­Indian investment projects is the construction of the Kudankulam (‘Clean Well’) Nuclear Power Plant, powered by Russian reactors. Rosatom plans to construct a total of 12 reactor units with an individual capacity of 1000 MW.

For more information on cooperation between Russia and India, read the article ‘Indian Record’ in EEF 2019 Magazine.

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