Surat: The war with Ukraine is weighing heavily on Russia. Russia has sought the help of the Indian government in this matter after the US, Japan and European countries banned the export of essential commodities to Russia due to the war. The government has assigned the Confederation of All India Traders (CAIT) to assist Russian business houses.
- Opportunity for Surat as UK, USA and EU countries impose sanctions on Russia
- Russia shortage of ready-to-eat food, dairy, FMCG textiles due to US and EU sanctions
- One Hazira exporter was found from Rat. 10 items of two exporters will be exported to Russia
CIMIT Gujarat President Pramod Bhagat said that a list of FMCG items, ready-to-eat food, dairy, breakfast items, including fabrics, has been sent by many Russian business houses. The federation has sent the information to registered exporters across the country. One Hazira exporter was found from Surat. 10 items of two exporters will be exported to Russia. CAIT has been approached by a Russian business house to help find suppliers. The current war between Russia and Ukraine has given Indian products a great opportunity to make an impressive presence in the Russian market. This is because the UK, USA and European Union countries imposed sanctions on Russia to stop the supply of goods to Russia from these countries. Before the war, the United States, the European Union, Britain, and other Western nations exported large quantities of their goods to Russia. From where the supply has now stopped.
A meeting of traders will be held on May 4 in Delhi
CAIT National President B.C. Recruitment and National Secretary General Praveen Khandelwal said CAIT has identified various small manufacturers, distributors and traders through its state units. Those who qualify for the Russian requirements according to the first list received by CAIT from Russia are able to meet. You have to trade in rupee-ruble instead of dollar. It is learned that both the Russian and Indian governments have agreed to establish a payment system between the two countries on the lines of SWIFT. It will definitely facilitate trade between the two countries. Details of requirements, its transportation, payment and other issues are being discussed. The CAIT has convened a meeting of business leaders from all the states of the country on May 4 in New Delhi to discuss the issue seriously.
Surat list of Russian business houses sent for this product
FMCG Products, Consumer Goods, Packaged Foods, Dairy Products, Vegetarian Foods, Readymade Garments, Shoes, Toys, Fabrics, Auto Spare Parts for Two Wheeler and Four Wheelers, Automobile Parts , Computer stationery, other stationery items, paper and various other items may be the most preferred item of export in Russia. However, instead of big brands, small emerging brands in India can play a major role in supplying quality goods at the most competitive prices.
