Davos 2024: Moscow City Minister Sergey Cheremin emphasized the robust partnership between India and Russia, heralding it as a propitious period for Indian companies to venture into the Russian market. Cheremin, Head of the Department for External Economic and International Relations of Moscow, highlighted the growing bilateral trade and the potential for increased investment, particularly in the high-technology sector of both nations.Moscow Pavilion LaunchCheremin, currently visiting India, inaugurated Moscows pavilion at the 31st Convergence India and 9th Smart Cities India Expo. Expressing Moscows dynamism and recognition as a leading city for modernization, he underscored the citys commitment to digitalization in various municipal spheres, including education and healthcare.Collaboration in Smart Cities DevelopmentDuring his conversation with ANI, Cheremin explored opportunities for collaboration between Indian cities and Moscow in developing smart cities. He emphasized the potential synergy between Indias advancements in software technology, IT, and cybersecurity with Moscow and New Delhis aspirations for smart and safe urban environments.Indias Smart Cities MissionCheremin praised Indias progress in software technology and IT, envisioning the collaboration as mutually beneficial for both metropolises. He encouraged leveraging Indias expertise to enhance the success of Moscows digital initiatives and expressed optimism about the positive impact on citizens of both cities.Russia as a Lucrative MarketHighlighting the enduring partnership of 75 years between India and Russia, Cheremin provided compelling reasons for Indian companies to invest in Moscow. He positioned Russia not only as a significant market but also as a gateway to the broader European market. Cheremin emphasized the shared values and potential for collaboration, extending an invitation for Indian businesses to explore investment opportunities in Russia.Expo for Emerging ModernisationThe 31st Convergence India and 9th Smart Cities India Expo serve as a platform to showcase Indias evolving modernization and developmental landscape. The expo highlights the integration of transformative technologies with key aspects of urban development, offering a glimpse into the future of smart cities.As India and Russia strengthen their economic ties, the call for Indian companies to invest in Moscow reflects the shared commitment to fostering innovation, technology, and collaborative urban development initiatives.
