INDIA'S SECRET WEAPON: 20+ Exporters Land in Moscow to Unlock Billions in New Trade!

A delegation of over 20 Indian exporters from the engineering sector has arrived in Moscow for a four-day visit, aiming to expand trade opportunities in Russia. This initiative is a key part of India's broader strategy to diversify its export destinations, prompted by steep tariff hikes imposed by the United States. According to reports, US President Donald Trump doubled tariffs on Indian imports to 50%, partly in response to India's continued purchase of Russian oil, which has strained bilateral relations with Washington, though both nations are pursuing a trade agreement.

The Federation of Indian Export Organisations (FIEO) is leading the delegation. Its president, SC Ralhan, highlighted Russia's importance as a business partner and the significant potential within the engineering and tools sector for collaboration. Indian engineering exports to Russia are projected to reach $1.75 billion this year.

From November 11 to 14, participating companies will showcase a wide array of products, including hand tools, machinery parts, industrial hardware, and fasteners, at the Moscow International Tool Expo (MITEX 2025). This exhibition aims to boost Indian manufacturing and enhance bilateral trade.

Commerce secretary Rajesh Agrawal is scheduled to lead a buyer-seller meeting on November 14. FIEO noted that the event will facilitate connections between Indian exporters and Russian buyers and industry representatives.

India's overall exports to Russia saw a 14.6% year-on-year increase to $4.9 billion in FY 2024-25, while imports, primarily crude oil, rose by 4.3% to $63.8 billion. Indian firms are capitalizing on supply gaps left by Western companies exiting Russia.

Additionally, the Indian Embassy in Moscow and the commerce ministry will organize business-to-business meetings to foster joint ventures and trade partnerships.

Impact: This news has a moderate impact on the Indian stock market, potentially boosting sentiment for specific companies in the engineering and manufacturing export sectors. It highlights a strategic shift towards market diversification, which could lead to increased business opportunities for these firms. Rating: 6/10.

Difficult Terms: Tariff Hikes: Taxes imposed on imported goods, making them more expensive for consumers or businesses. Diversify Export Markets: Spreading exports across various countries to reduce reliance on a single market and mitigate risks. Bilateral Relations: The relationship and interactions between two countries. Federation of Indian Export Organisations (FIEO): An apex organization in India that promotes and supports the country's export activities. Engineering and Tools Sector: Industries involved in the design, production, and distribution of machinery, equipment, and tools. Moscow International Tool Expo (MITEX): An international trade fair focused on tools, equipment, and related technologies. Buyer-Seller Meet: A business event designed to facilitate direct interactions and transactions between potential buyers and sellers. Joint Ventures (JVs): A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.