India–Belarusian Business Forum Highlights New Opportunities in Trade, Technology and Investment Cooperation
Event at World Trade Center Mumbai reinforces bilateral ties and explores new avenues for collaboration
POSTED BY:- Poonam S. Juthani
DT:-19/06/2026
9867490397
In the Image : Mr. Aleksei Amarin, General partner of the forum, JSC Savings bank Belarusbank, Executive Director; Mr. Atul Kumar Goel, Chief Executive, Indian Banks’ Association; Mrs. Tatiana Alekseyeva, Deputy Director General, Mogilev Branch of Belarusian Chamber of Commerce and Industry; Dr. Vijay Kalantri, Chairman, World Trade Center Mumbai and President, AIAI; Mr. Aliaksandr Matsukou, Consul General of the Republic of Belarus in Mumbai and Mr. Avinash Netaji Solwat, Under Secretary, FDI, Diaspora, International Outreach Department, Government of Maharashtra, mark the launch of the Representative Office of Belarusbank in the Republic of India during the India–Belarusian Business Forum held at World Trade Center Mumbai.
Mumbai, June 17th 2026: The India–Belarusian Business Forum was held at World Trade Center Mumbai, bringing together government officials, diplomats, industry leaders, bankers and business representatives to explore opportunities for strengthening bilateral trade, investment, technology transfer and industrial cooperation between India and Belarus.”
Mr. Aliaksandr Matsukou, Consul General of the Republic of Belarus in Mumbai, said, “India and Belarus share a longstanding friendship, with diplomatic relations established in 1992. Over the years, our cooperation has expanded beyond trade to include culture, education, healthcare, technology and people-to-people exchanges. Belarus views India as an important strategic partner, and we believe this forum will create meaningful opportunities for businesses from both countries to explore partnerships, investments and long-term cooperation.”
Speaking on Maharashtra’s investment potential, Mr. Avinash Netaji Solwat, Under Secretary, FDI, Diaspora, International Outreach Department, Government of Maharashtra, said, “Maharashtra remains one of India’s leading investment destinations and is open to collaborations across manufacturing, technology, infrastructure, agriculture and innovation-led sectors. Under the leadership and vision of Hon’ble Chief Minister Shri Devendra Fadnavis, the state is committed to attracting foreign investment. Belarus has strong expertise in agricultural equipment and heavy machinery, and given Maharashtra’s vast industrial, agricultural and manufacturing base, there is significant scope for collaboration across these areas.”
Dr. Vijay Kalantri, Chairman, World Trade Center Mumbai and President, All India Association of Industries, said, “India and Belarus enjoy cordial and longstanding bilateral relations spanning trade, investment, pharmaceuticals, science and technology, education and cultural cooperation. Bilateral trade stood at approximately USD 106.6 million in FY 2024–25. There is strong potential to expand trade in pharmaceuticals, engineering goods, chemicals, textiles and machinery, while leveraging Belarus’ strengths in heavy engineering, mining equipment, agricultural machinery and automobiles.”
“Collaboration in manufacturing, joint ventures and technology transfer can support Maharashtra’s vision of becoming a USD 1 trillion economy and India’s aspiration of becoming a USD 5 trillion economy. Stronger industry-to-industry partnerships can unlock new avenues for bilateral trade and investment between India and Belarus.” added Dr. Kalantri.
Mr. Atul Kumar Goel, Chief Executive, Indian Banks’ Association, said, “India’s banking and financial ecosystem is rapidly evolving, supported by digital payment infrastructure such as UPI. Local currency settlement mechanisms can play an important role in facilitating international trade, reducing transaction costs and supporting smoother cross-border transactions. Reliable banking channels, trade finance instruments and settlement mechanisms are essential to enhance business confidence between India and Belarus.”
“FCNR(B) deposits have become increasingly attractive following recent Reserve Bank of India measures aimed at encouraging foreign currency inflows and strengthening India’s external sector. Innovative financial solutions and efficient banking mechanisms will be crucial in supporting future business engagement between the two countries,” added Mr.Goel.
Mrs. Tatiana Alekseyeva, Deputy Director General, Mogilev Branch of the Belarusian Chamber of Commerce and Industry, said, “Belarus has a strong industrial base and a strategic location as a gateway to the Eurasian Economic Union market. We see significant opportunities for Indian companies in manufacturing, industrial technologies, agriculture, machinery and innovation-driven sectors. Indian businesses can explore Belarus as a gateway to the wider Eurasian market. Enhanced business engagement, trade partnerships and joint initiatives will contribute to greater trade and investment flows between India and Belarus,”
The forum also featured focused panel discussions covering key aspects of India–Belarus economic cooperation, including new business opportunities for Indian companies in Belarus, reliable banking and settlement mechanisms, contract and partner verification, logistics solutions, and India’s potential as a trade, technology and investment partner for Belarusian businesses.
The event concluded with a shared commitment to strengthen bilateral economic engagement, facilitate business partnerships and create new avenues of cooperation that can contribute to sustainable growth and stronger India–Belarus relations in the years ahead.
For Further Information:
Ms. Priya Pansare,
Director, Trade and Investment Promotion,
MVIRDC World Trade Center Mumbai,
