On the sidelines of the 15th annual bilateral Indo-Russian summit, Sergey Aksyonov, the Head of the Republic of Crimea and Gul Kripalani, the Chairman of the Indian-Crimean Partnership signed a Memorandum of Understanding (MoU).
The Indian-Crimean Partnership represents Indian businessmen who took the initiative of signing the MoU in order to meet the growing needs of national entrepreneurs in widening business contacts and deepening economic cooperation with the Republic of Crimea.
The signing of the MoU will contribute to long-term and mutually beneficial interactions in a wide variety of industries – from engineering, pharmaceuticals, agriculture and tourism to information technology, microelectronics and industrial parks.
Head of the Republic of Crimea Sergey Aksyonov noted that the document demonstrates the intent of both parties to maximize available resources, industrial and intellectual potential, as well as to create prerequisites for the implementation of the large-scale joint projects in different areas, which can be a reliable basis of a high-tech bridge between our countries.
According to Aksyonov, the signing of the MoU is an important event in the development of bilateral relations between Russia and India, and a landmark for Crimea as a new subject of the Russian Federation.
Aksyonov noted that in the light of the creation of a free economic zone, as well as the implementation of the ambitious activities in the framework of the federal target program of peninsula development, Crimea is becoming a Russian centre for investment not only in the energy sector, but also in infrastructure, logistics and many other industries of the economy. In this regard it is vital to optimize development of international interregional cooperation, with particular emphasis on the interaction in the sphere of innovation activity and high technology, science and education, as well as actively involve small and medium business in bilateral contacts.