Russia Pursues Non-Energy Joint Ventures and Localization in India

Published By DPRJ Universal | Published on Friday, 16 January 2026

Russia is actively pursuing non-energy joint ventures and product localization in India across diverse sectors like engineering, shipbuilding, IT, renewable energy, oil refining, and metallurgy. This strategic move aims to diversify bilateral trade, increasing the share of non-resource and non-energy goods. Both nations see significant opportunities for mutual economic growth and market expansion, fostering deeper industrial collaboration beyond traditional energy dependencies and strengthening their economic ties.

Russia is embarking on a significant strategic shift in its economic relationship with India, prioritizing non-energy joint ventures and product localization within the Indian market. This initiative marks a deliberate effort to diversify the trade portfolio between the two nations, moving beyond the traditional reliance on energy resources. Russian companies are currently engaged in discussions and negotiations for manufacturing collaborations across a broad spectrum of industries.Key sectors targeted for these joint ventures and localization efforts include engineering, shipbuilding, information technology (IT), renewable energy, oil refining, and metallurgy. The primary goal of this concerted push is to bolster the volume of non-resource and non-energy goods in the bilateral trade, thereby creating a more balanced and resilient economic partnership. Both India and Russia acknowledge the immense potential these expanded collaborations hold for fostering mutual economic growth and facilitating market expansion.This strategic alignment is expected to generate significant benefits for both countries, including enhanced industrial capabilities, job creation, and technological transfer. India's 'Make in India' initiative is likely to receive a boost from these localization efforts. The move signals a long-term vision for a more comprehensive and integrated economic relationship, fostering sustainable development and tapping into new growth avenues across various critical sectors.