As part of high-level engagements in India, Ms. Olga Basha, Member of the Board, VTB Bank, Russia, and Dr. Rashmi Saluja, Chairperson, Global Trade & Technology Council (India), met Hon’ble Deputy Chief Minister Shri Bhatti Vikramarka Mallu Garu to explore avenues for strategic state-level cooperation and industrial collaboration.
The meeting focused on strengthening partnerships in priority sectors aligned with Telangana’s development vision, with detailed discussions on energy, defence, sports, and industrial joint ventures. Telangana’s progressive industrial policies, investor-friendly ecosystem, and strong infrastructure base were highlighted as key enablers for attracting international collaboration and long-term investments.
In the energy sector, discussions covered cooperation in power generation, clean energy solutions, and energy infrastructure, supporting Telangana’s emphasis on sustainable and resilient growth, complemented by GTTCI’s landmark MoU with TENEX JSC (ROSATOM), signed in Moscow on 10th November 2025, to strengthen India–Russia energy and technological collaboration particularly in SMRs, thorium mining and thorium based clean energy. The defence sector also emerged as a key area, with a focus on industrial partnerships and MRO, manufacturing capabilities, and innovation-led collaboration aligned with India’s broader defence ecosystem.
The dialogue further explored collaboration in sports development, including infrastructure creation, training ecosystems, and commercial opportunities linked to sports-related industries. Industrial joint ventures were identified as a critical pathway for translating bilateral cooperation into tangible outcomes, generating employment, and strengthening regional manufacturing capacity.
The meeting was joined by senior officers of the Government of Telangana, including Mr. Sanjay Kumar, IAS, Special Chief Secretary, Industries & IT; Mr. Navin Mittal, IAS, Principal Secretary, Energy; Mr. Sandeep Kumar Sultania, IAS, Principal Secretary, Finance; and Mr. D. Krishna Bhaskar, IAS, Special Secretary to the Deputy Chief Minister and CMD, Telangana TRANSCO, along with other key departmental officials, reflecting a strong, coordinated state-level approach to advancing strategic and sectoral cooperation.
Ms. Olga Basha emphasized VTB Bank’s interest in facilitating financial frameworks and investment mechanisms that support long-term industrial partnerships at the state level. Dr. Rashmi Saluja highlighted GTTCI’s role in connecting global institutions with Indian states to enable technology transfer, investment facilitation, and focused sectoral collaboration.
The meeting reaffirmed a shared commitment to building practical, sector-driven partnerships that complement the broader India–Russia strategic relationship, positioning Telangana as a key destination for global collaboration and industrial growth.