Should consider raising our two-way investment target to $50 billion by 2025: Sushma Swaraj in Moscow

File photo of External Affairs Minister Sushma Swaraj. Photograph:( Zee News Network )

WION Web Team Delhi, India Sep 14, 2018, 06.01 PM (IST)

Minister of External Affairs Sushma Swaraj on Friday stated that Russian investment in India till 2017 reached $18 billion, news agency ANI reported. 

Swaraj, during her visit to Moscow, said that India's total investment in Russia is over $13 billion. 

"We have already crossed the overall investment target of $30 billion which we had set for 2025,"

The External Affairs Minister called for raising bilateral investment target with Russia to $50 billion by 2025.

"In the light of this we should consider raising our 2-way investment target to $50 billion from $30 billion by 2025," Swaraj shared at Inter-Governmental Commission On Technical And Economic Cooperation in Russia's Moscow.

External Affairs Minister (EAM) Sushma Swaraj on Thursday embarked on a two-day visit to Moscow, Russia. 

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Swaraj and Yuri Borisov, Deputy Prime Minister of the Russian Federation co-chaired the 23rd India-Russia Inter-Governmental Commission on Technical and Economic Cooperation (IRIGC-TEC) on Friday.

The Commission, after taking the stock of bilateral cooperation in various fields, will provide policy recommendations and directions in the concerned fields.

The last meeting of the Commission was held in New Delhi in December 2017. 

(With inputs from agencies