Current Affairs - Persons - Discussion

An Interactive Forum between Small and Medium Enterprises (SMEs) of India and Russia was held in Bengaluru and was addressed by Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu for working to address and resolve trade and investment issues to facilitate and increase private sector cooperation. India has already announced setting up of a fast track, single-window mechanism for Russian companies which would be chaired by Department for Promotion of Industry and Internal Trade (DPIIT) Secretary. This mechanism would be in addition to the Russia Desk that had been set up to promote Russian investment in India. SMEs being less informed about the schemes that exists in both the countries, a need to curate a digital bridge between the economies so that SMEs can benefit from it was addressed.