Herman Gref Named Head of Russian-Indian Business Council

A New Phase in Russian-Indian Business Cooperation

In 2026, Herman Gref, the head of Russia’s largest bank, was appointed chairman of the Russian-Indian Business Council. This appointment marks the start of a reorganization of the council aiming to elevate cooperation to a new level—both technologically and institutionally.

Under Gref’s leadership, the council plans to strengthen its influence on the development of bilateral business relations between Russia and India, which is crucial for expanding economic and trade ties. The council is expected to become a key platform for dialogue between the business communities of both countries.

Expansion of the Council’s Composition and Functions

The council will introduce specialized sectoral committees that will allow for more effective development of cooperation issues in key economic sectors. Participants will include major companies, state corporations, financial institutions, as well as small and medium-sized enterprises from both sides.

A significant increase in participation from Indian and Russian business entities is planned, ensuring broader representation of interests in areas such as technology, industry, and finance. This will enhance opportunities for joint projects and investments.

Regular Business Events to Strengthen Partnership

The council intends to hold an annual business forum featuring representatives from the governments and business communities of Russia and India. These events will serve as important platforms for exchanging experiences, seeking new partnerships, and discussing concrete investment initiatives.

Such forums will help identify promising areas of cooperation and create conditions for prompt resolution of emerging issues, thereby improving the efficiency of bilateral interaction.

Impact on the Economy and Investment Opportunities

The enhanced role of the Russian-Indian Business Council under Herman Gref’s participation could contribute to growth in trade turnover and investment activity between the two countries. In 2025, trade turnover between Russia and India already showed steady growth, and further development of institutional mechanisms promises to accelerate this process.

The formation of sectoral committees will better tailor business solutions to the requirements of both markets, which is especially important for innovative and high-tech industries. This will create additional opportunities for Russian and Indian companies in IT, pharmaceuticals, and engineering sectors.

The Initiative’s Significance for Developing Business Ties

Herman Gref’s appointment and the council’s structural renewal reflect Russia and India’s commitment to closer economic partnership amid global challenges. Establishing institutional cooperation formats will enable faster market response and implementation of joint projects.

This step could act as a catalyst for developing new business models and attracting investments, ensuring more sustainable and balanced cooperation between the two countries over the long term.

Key takeaway: under Herman Gref’s leadership, the Russian-Indian Business Council will become a driver for expanding and deepening economic ties between Russia and India.