According to Euromonitor International for 2021, Moscow ranks 4th in terms of exports among the world's largest metropolitan areas. India is one of the key partners of the Russian capital in many areas, including technological developments.
In general, the volume of Indian imports of finished products from Moscow increased by 45% in 2021 and exceeded 69.9 billion rupees. The capital of Russia accounts for almost 1/5 of all supplies to India. In 2021, the most popular products in India were Electronics and Electrical Engineering (up 2.3 times), Medicine and Pharmaceuticals (up 16 times), Machinery and Equipment (+50%). In particular, the demand for electrical devices increased by 2 times, and for mechanical equipment by 9.5 times.
Moscow software developers and IT companies are interested in entering Indian markets. For example, the Ivideon cloud video surveillance system, which software is compatible with 98% of cameras in the world, is already being used in India. The service has over 5 million customers from more than 100 countries.
ProctorEdu company software is used by educational institutions and commercial organizations to control online tests using a proctoring system. The team is already working with Indian partners.
A development of another Moscow company Zvonobot was used by the Indian University NMIMS and other enterprises. Special software helps automate cold calls, telephone surveys and informing customers, as well as automate mailings. In addition to higher education institutions, more niche companies also work with IT teams: for example, the Moscow team Rebotica provided services to train children in IT professions for contractors in India. With its software, kids can learn online the basic skills of a developer, programmer, and even a blogger.
One of India's largest oil extracting companies uses fleet management solutions that include IT infrastructure, equipment and driver monitoring from THEA, a Moscow-based developer. Mentioning equipment manufacturers, need to say that Indian enterprises buy M-ION explosives detectors from Moscow company called TSNK. Its equipment allows to work in conditions of high dustiness, high humidity, while providing a minimum level of false alarms.
Strengthening ties
To increase turnover between Moscow and India, the Moscow Government established the Moscow Export Center - an institution for developing trade and economic relations with partners in foreign markets, which implements a wide range of tools for both business and organizations abroad. Many of the listed companies managed to get partners in India thanks to their participation in the projects of the MEC.
In particular, the Moscow Export Center organized a number of business events. Thus, in 2019, a business mission was held in Delhi for companies from the capital of Russia, and in 2021, some companies presented products and services to Indian partners online. In total, the MEC supported more than 30 companies from various industries within the framework of these business missions. In 2022, a delegation from India arrived to Moscow for reverse negotiations and visited the production facilities of the city's enterprises ready to enter foreign markets.
For innovative enterprises that are ready to offer technological products to customers in India, the Moscow Export Center launched the Tech Export to India acceleration program with co-financing for business. 70 entrepreneurs took part in two streams. These are companies from the fields of IT, Life Science, energy, retail and transport.
Besides, Moscow-based filmmakers have begun cooperation with Indian partners with the support of the MEC. In particular, the distributor JVEL agreed about cinema distribution of the full-length feature movie The Brat, which is produced by the Moscow film company Sergei Eisenshtein Street. The documents were signed within the framework of the largest specialized market Film Bazaar in Goa in November 2022, where the MEC for the first time opened a joint Made in Moscow stand for 14 animation studios and bureaus.
The MEC supports not only domestic business, but also responds to requests from foreign buyers who are ready to work with Moscow enterprises.
"Indian companies interested in the products and services of Moscow suppliers can contact the Moscow Export Center, which is open to direct interaction with foreign partners and has a wide pool of exporters in 12 industries - from the food industry and textiles to high-tech products. MEC selects the most suitable offers in the market free of charge and provides complete and up-to-date information about companies from the capital of Russia", - Vitaly Stepanov, Head of the Moscow Export Center, emphasized.
Next year, cooperation between Moscow and India will continue: the Moscow Export Center is already working on joint projects, negotiations and events aimed at increasing trade turnover between the countries.
For more details, please see Export Catalogue MADE IN MOSCOW
[ moscow-export.com/en/ ]
