Novosibirsk strengthens economic cooperation with India

View over Novosibirsk. Source: Panoramio/wikipedia

View over Novosibirsk. Source: Panoramio/wikipedia

The region’s exports to India stood at $300 million in 2016.

Exports from the Novosibirsk Region to India rose almost threefold in 2016, Valery Gukov, head of the Novosibirsk Customs Service, told TASS on Feb. 14.

The region exported products worth $300 million to India last year, Gukov said.

The main export was nuclear fuel from the Novosibirsk Chemical Concentrates Plant (NCCP), he added.

Another major source of exports was ELSIB, a Novosibirsk-based Russian heavy electrical engineering company, which produced two electric motors for the Vindhyachal Thermal Power Station.

Glukov added that the region was also looking to cooperate with India in the defence sector.

If using any of Russia Beyond's content, partly or in full, always provide an active hyperlink to the original material.

Read more