On June 1, 2017, as part of Indian Prime Minister Narendra Modis visit to the Russian Federation, a memorandum of understanding was signed on the sidelines of the St. Petersburg International Economic Forum between the Roscongress Foundation and Invest India. The parties were represented by Roscongress CEO Alexander Stuglev and CEO of Invest India Deepak Bagla.
Recognizing the importance of expanding and strengthening business ties between the Russian Federation and the Republic of India, the parties agreed to develop bilateral cooperation in areas like trade, attracting investment and information and strategic support. The document envisages promotion of foreign direct investment opportunities and provision of assistance to prospective investors. The parties have acknowledged that both India and Russia are open for foreign investment, as reflected by their legislation and their record of international agreements.
The Roscongress Foundation is a major organizer of convention and exhibition events.
The Roscongress Foundation was founded in 2007 with the aim of helping to develop Russias economic potential and strengthen the countrys image by organizing congresses and exhibitions with an economic and social focus. The Foundation develops the substantive content for these events, and provides companies with advice, information, and expert guidance, as well as offering comprehensive evaluation, analysis, and coverage of the Russian and global economic agenda.
Today, its annual agenda includes events held in locations ranging from Montevideo to Vladivostok, which bring together global business leaders, experts, the media, and government officials to create favourable conditions for dialogue and the promotion of new ideas and projects, and to assist in the creation of social enterprises and charity projects.