MOSCOW (PTI): trade may double in the next two to three years, the Indian ambassador here Ronen Sen, has said.
Trade turnover in 1992 was about 1 5 billion dollars, despite the sharp drop in bilateral trade Sen said.
Nothing that the two countries “possess great potential to develop trade,” Sen said India could export apart from traditional items like tea, coffee, textiles and leather, such products as computers, and medicines.
Sen.’s interview to the Russian newspaper appeared a day after Russian government officials denied a Chinese report that Russia did not intend to full fill its contract on the supply of cryogenic rocket engines to India.
The Russian committee on defense industries confirmed March 4 that the deal would go ahead and that work on the cryogenic engines was proceeding in accordance with the contract.
An official of the Russian space agency, Boris Ostroumov dismissed a Chinese report as a “figment of imagination and completely ungrounded.”
“Our position is completely clear; we are cooperating with India and will continue to cooperate. I mean this contract and others,” he said.
Article extracted from this publication >> March 12, 1993
