Sberbank showcases its business support solutions at World Food India 2025, strengthening Russia-India trade and agro-industrial cooperation.
Sberbank India
The bank's stand was visited by a Russian delegation led by Dmitry Patrushev, Deputy Prime Minister of the Russian Federation.
Sberbank took part in the World Food India 2025 international exhibition in New Delhi, where it presented a comprehensive approach to supporting business in the Russian-Indian market. In addition to traditional financial products in rubles and rupees, Sberbank offers businesses in both countries specialized solutions to increase turnover, as Ivan Nosov, head of Sberbank's branch in India, told the Russian government delegation. The parties also discussed issues related to expanding bilateral trade and economic cooperation, particularly in the agro-industrial sector.
The Deputy Prime Minister stressed the importance of continuing to ramp up efforts in this area. Dmitry Patrushev noted the relevance of providing comprehensive support for Russian exports and expanding business into the Indian market.
Today, Indian exporters conducting trade operations with Russia have the opportunity to receive payment for goods without waiting for the contract deferral period to expire. The funds will be provided by Sberbank's branch in India through letter of credit discounting or the issuance of a post-shipment loan secured by funds received from the Russian buyer. In addition, as part of the Business Development project, Sberbank helps companies from India and Russia significantly reduce the time spent searching for counterparties and effectively build mutually beneficial business partnerships that contribute to the growth of trade turnover. In the agricultural sector, the interests of both countries also include the supply of equipment and technology and the import of labor from India to Russia.
Ivan Nosov, CEO of the Sberbank PJSC branch in India:
“We greatly appreciate the attention and support from the Government of the Russian Federation. Joint decisions and efforts are significantly accelerating the development of trade and economic relations between Russia and India. Sberbank, as one of the largest banks in Russia, sees great potential in this area and is investing significant resources to create a comfortable financial infrastructure for business in both countries.”
Alongside the exhibition in Delhi, a business mission was held for Russian agricultural customers, with key industry players participating at Sberbank's invitation. As part of the program, participants discussed the importance of developing export relations between countries and visited production facilities in India, noting the high quality of the products.
World Food India is one of the largest exhibitions of Indian food products, bringing together the food industry, agriculture, and related sectors. Foreign partners, investors, and industry leaders from key regions are invited to participate in the exhibition.
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