Ukraine is keen on strengthening its economic partnership with India, according to Ukrainian Ambassador to India Igor Polishchuk. In a recent statement, Polishchuk emphasized the potential for expanding bilateral trade and investment, highlighting sectors such as agriculture, defense, and technology.
Bilateral Trade Potential
The envoy noted that while the current trade volume between the two nations is modest, there is significant room for growth. India and Ukraine have historically enjoyed friendly relations, and the economic aspect is now being prioritized. Polishchuk mentioned that Ukraine is looking to increase exports of agricultural products, including grains and sunflower oil, to India. Additionally, Ukraine seeks to import more Indian pharmaceuticals and IT services.
Investment Opportunities
Polishchuk also pointed out investment opportunities in Ukraine's energy sector, particularly in renewable energy and nuclear power. He invited Indian companies to explore joint ventures in Ukraine, citing a favorable business environment and skilled workforce. The envoy expressed optimism that economic cooperation would deepen in the coming years, benefiting both countries.
Furthermore, the ambassador highlighted the importance of people-to-people contacts and cultural exchanges to strengthen bilateral ties. He mentioned that Ukraine is also looking to enhance cooperation in education, with more Indian students studying in Ukrainian universities.
In conclusion, Igor Polishchuk reiterated Ukraine's commitment to expanding its economic relationship with India, calling for more frequent high-level visits and business delegations to realize the full potential of this partnership.
