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Home arrow Engineering, Technology, Research and Development arrow Delegation led by Belarus Industry Minister calls on Sontosh Mohan Dev
Delegation led by Belarus Industry Minister calls on Sontosh Mohan Dev Print E-mail
Written by Ganesh   
Wednesday, 19 November 2008
New Delhi: A delegation from Belarus led by Mr. Anatoly M. Rucetski, Minister of Industries called upon the Minister of Heavy Industries & Public Enterprises Sh. Sontosh Mohan Dev in New Delhi today. Shri Dev welcomed the delegation recalling India's long and time tested friendly relations with the CIS countries.

Discussions were also held on wide ranging issues including engaging BHEL for reconditioning Grondno-II Power Plant in Belarus, implementation of an IT project by HMT(International) for Belarus High Technologies Park and exploring business opportunities in India by Belarusian Automobile Works in association with Hindustan Engineering Corpn. Ltd. for manufacturing High Capacity Dumpers.

The Belarusian delegation evinced keen interest in widening business cooperation between two countries. Both the countries also agreed to leverage their technology for joint ventures and industrial cooperation.

Shri Kamal Nath, Union Minister of Commerce and Industry, has said that there is a need to step up cooperation to meet the India-Belarus bilateral trade target of US $ 500 million by 2010, as envisaged during the visit of President A. Lukashenka to India in April 2007. During the bilateral meeting with Mr. A. Rusetskey Minister of Industry, Belarus, here last evening, Shri Nath stated that although there has been a growth in India Belarus bilateral trade, it is far below the potential.

He further added that there is need to explore potential in sectors such as machine tools, metallurgy, radio electronics, drugs and pharmaceuticals, agro industrial machinery, heavy duty road construction, bearings, fertilizers, wood and wood products, tyres, mining equipments and in food processing.

According to the Directorate General of Commercial Intelligence & Statistics, India's bilateral trade between India and Belarus in 2007-08 was US $ 146.39 million, an increase of 36% in comparison to 2006-07. India's exports to Belarus in 2007-08 amounted to US $ 21.18 million while India's imports from Belarus totaled US $ 125.21 million.

 
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