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Belarus seeks more investments from India

Our Bureau New Delhi | Updated on November 14, 2012 Published on November 14, 2012

The Prime Minister of Belarus, Mikhail Myasnikovich with MoS for Commerce and Industry, D Purendeswari at a business meeting in New Delhi on Wednesday.   -  PTI

The Prime Minister of Belarus, Mikhail Myasnikovich, has invited Indian industry to invest in his country.

Addressing a joint business meeting here on Wednesday, the visiting dignitary said there were several sectors, including pharmaceuticals, heavy engineering goods, information technology and truck and bus manufacture, where India and Belarus could increase engagement.

Pointing out that trade between India and Belarus was below potential, Myasnikovich said a huge potential existed to expand trade and investment. The meeting was organised by apex chambers of commerce and industry.

Addressing the meeting, the Minister of State for Commerce and Industry, D. Purandeswari, said Belarus was a major supplier of potash fertiliser, something India was interested in. “India is interested in long-term offtake of potash fertiliser, apart from being interested in investing there in the sector,” she said.

The visit comes as Belarus has been given the status of partner country at the India International Trade Fair, which opened here on Wednesday. Over 50 companies from Belarus are participating in the fair. ashwini.phadnis@thehindu.co.in

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Published on November 14, 2012
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