Russian Far East promises support to Indian investors

Questions regarding the realization of investment projects in the energy sector in the Far East were discussed between Alexander Galushka, Russian Minister for Development of the Far East, Sergey Donskoy, RF Minister of Natural Resources and Environment with Anil Sardana, chief executive officer of the Indian company Tata Power.

These talks were held within the framework of the Memorandum of Understanding in the Field of Investment Cooperation in the Energy Sector in the Russian Far East, which was signed during the annual India-Russia Summit in 2015.

Alexander Galushka promised that the Ministry for the Development of the Far East intends to provide comprehensive support to Tata Power during all stages of implementation of investment projects, including assisting in the company’s communications with federal and regional authorities, state companies and the private sector.

“We are open to our Indian partners and believe in the need to find mutually beneficial solutions, which can be of interest to investors, and assist in the development of the Far East,” said the minister.

For his part, Sergey Donskoy informed about the prospects of projects related to the licensing of subsoil plots in the Far Eastern Federal District. He reported on the procedures stipulated by Russian law, concerning the granting of rights to use mineral deposits.

Tata Power Company Limited is the largest energy company in India, operating in all segments of the electricity sector, and is a member of one of the largest industrial groups in India – the Tata Group Holding, which has offices in more than 120 countries. 

All rights reserved by Rossiyskaya Gazeta.