MOSCOW, October 24. /TASS/. Russia and India plan to increase their trade turnover to $100 billion by 2030, Indian ambassador to Russia Vinay Kumar said in an interview with TASS after the second Russian·Indian business forum Time.

He said that the two states continue to pursue the course of deepening relations, striving to push the trade volume to $100 billion and mutual investment to $50 billion by 2030.

Earlier, Manpreet Singh, President of the Indian Chamber of International Business, told TASS at the II Russian·Indian Time forum that trade turnover between Russia and India could reach $500 billion within the next three years if an agreement on free trade between India and the Eurasian Economic Union is signed.

The II Russian·Indian business forum Time was held in Kazan from October 15 to 16. The event was aimed at developing Russian·Indian trade and economic cooperation. During the forum, the participants discussed ways to implement joint initiatives, promising investment projects, and opportunities for technological and economic cooperation. TASS is the forum’s information partner.