Latest News for CIS Region
This old USSR Region region has always been less developed nations due to the influence of communism. With the exception of Russia these countries are still considered as developing nations. The countries in this region have less economic dynamism and have adverse demographic trends in the region. The region is constrained by unemployment, inadequate infrastructure and over-dependence of foreign funding and challenging business environment due to communist influence.
India has always been an all-weather friend to the countries of this region due to its historical relationship with the USSR during the Cold War period.
Countries of Importance in this Region
Indian Relations with the Region
The relations between India and USSR go back to the cold war era and Russia has been an All-weather friend of India ever since. After the disintegration of the USSR, India has had relationships and treaties with each of the CIS countries and has been supporting many of the building trade relations with India. A lot of delegations from these countries come to India exploring opportunities with India and to increase the Bi-lateral trade
The opportunities for India in this region has been very good and fruitful. Though there is a language problem in these countries with Russian being dominating language, with the participation of various business delegations both into India as well as from India has provided opportunities for businesses to generate value in bilateral trade with this region.
Technology & Automation Solutions
Whilst the economy is growing in these regions, there has been a surge in demand for Technology and Automation solutions to be embedded in their current industry. Though Russian technology is prominent in the region, Indian technology has opportunities if they are made available in the Russian language
The technology solutions could be implemented across industries including but not limited to Manufacturing, R&D, General Business, Infrastructure, Retail, Entertainment, Banking & Finance, Transport, etc.,
Medical Tourism to Patients for Affordable Health Care
Many people from the CIS countries do prefer traveling to India for medical services. Countries like Kazakhstan, Tajikistan, Uzbekistan, etc., which is in the reach of just 3-4 hour flights prefer India as a destination for medical treatments.
However India being famous for Ayurveda and Wellness, Many people from these cold countries prefer to travel to India to get rejuvenated and cure many ailments that have been a challenge in the general medicine.
Enabling Better Education for Students
Due to the language barrier not many students travel between India and the region for studies. However earlier due to the India – Russia Relations many people used to travel to Russia towards Medical and Technical studies, but once the opportunities for higher studies increased in the English speaking countries such as the US, the UK and Australia, the number of students traveling to this region decreased.
Product and Commodity Exports
India has always been an opportunity provider for businesses in these areas. Whilst India imports minerals, paper, agricultural, textile, products from this region India exports species, household items, pharmaceutical, medical equipments, food and machinery
Top Imports from CIS Region to India
Minerals & Fuels
Animal & Vegetable fats and oils
Precious Metals & Jewelry
Paper & Paper Board
Iron & Steel
Plastics & Articles
Ores, Slag & Ash
Top Exports from India to CIS Region
Mechnical Machinery & Appliances
Coffee, Tea & Spices
Road Vehicles & Parts
Iron & Steel
India Support & Entry Office
Today India has become the market for the world. There is an audience for every product and every solution in India. For any business there is a market, only that we have to find the right audience. India Provides opportunities in a variety of product and service requirements and hence a good opportunity for businesses in the CIS region to setup marketing offices and products to be sold in India.
India is the land of opportunities and the government is always open to provide opportunities for companies to come and invest in the country. Tax breaks and benefits are offered for companies who wish to set up shops in India.