What was the main goal of the 'From the Volga to the Ganges' forum in Mumbai?

The main goal of the forum was the creation of a strategic alliance between Russia and India through the integration of capital markets.

What did SEBI observe about the Indian equity market and Russian investors?

SEBI confirmed that Indian equity market valuations are attractive and noted a significant growth in Russian Foreign Portfolio Investors (FPIs) over the past two years.

What practical steps for integration were discussed at the forum?

Discussions covered utilizing GIFT City for bond issuance and company registration, and applying digital financial assets for tokenizing real assets and simplifying trade finance.

Home / Business and Economy / India-Russia Forge Capital Market Alliance

India-Russia Forge Capital Market Alliance

20 Mar

•

Summary

India and Russia aim for strategic alliance through capital market integration.
Russian FPIs see significant growth, SEBI expedites registration.
Discussions focused on currency convertibility and digital financial assets.

India-Russia Forge Capital Market Alliance

A significant forum, 'From the Volga to the Ganges. Dialogue of Civilizations and Capital Markets,' convened at the National Stock Exchange (NSE) in Mumbai on March 19, 2026. This event brought together leading regulators, investors, and experts from India and Russia with the primary goal of establishing a strategic alliance between the two nations through capital market integration.

Officials from India's Securities and Exchange Board of India (SEBI) expressed optimism about the Indian equity market, noting its attractive valuations and a substantial rise in Russian Foreign Portfolio Investors (FPIs) over the past two years. SEBI is actively working to streamline the registration process for these investors. Discussions also explored the potential for Russian companies to establish subsidiaries in India, leverage technological capabilities, and raise capital.