DELHI: Indian Deputy Minister of Commerce and Industry, Rajeev Kher, said that India is looking for a free trade pact with Customs Union of Russia.
Russian-Indian working group which was established in November 2014 will consider the negotiating of a comprehensive free trade agreement between India and the Customs Union.
Kher said the working group would put forward proposals within the next six months and the negotiating process would start after that.
As most of the developed world in the West is suffering an economic downturn, the developing world has been stepping up efforts to bring their economies closer.
Most recently, China said it could establish a free trade zone with a broader Russia-led economic bloc that also includes Armenia and is expected to include Kyrgyzstan soon.
