Russian Prime Minister Mikhail Mishustin announced at the Innoprom plenary session in Yekaterinburg that Russia is systematically achieving industrial independence, with pilot projects moving to serial production, including power units and medical equipment.
India's ambassador to Russia, Vinay Kumar, expressed strong interest in technology exchange with Russia, particularly in the biochemical, agro-industrial, cybersecurity, and green energy sectors. The goal is to increase bilateral trade to $200 billion by 2030.
The German chemical industry is pressuring Chancellor Friedrich Merz to revise the EU's emissions trading system. VCI President Markus Steilemann warns that planned new requirements will significantly increase investment risks and harm the industry's competitiveness.
India faces pressure from the EU and US to adopt data exclusivity in trade deals, but a GTRI report warns this could harm its agrochemical industry. Such provisions would create extended monopolies, delay generic pesticide approvals, increase import reliance, and raise costs for farmers, potentially undermining a key export sector.
