September 24, 2017

INFORMATION

The Indian Business Alliance (IBA) 

is born in 1994 and is an umbrella organization for all Indian companies in Russia. It was established by a team of dedicated Indian businessmen under the patronage of the Embassy of India in Russia, and is exclusively devoted to the promotion of all the interests of the Indian business community in Russia. This is in conformity with IBA’s founding members’ aim of creating a platform to guide Indian businesspeople in Russia as well as other Indian entrepreneurs from India on relocating parts of their local and global businesses to this country.

From a modest beginning of a few members in 1994, IBA today is an officially registered non-profit organization with over 150 members, which has being playing a very significant role in the promotion of Indian businesses in Russia since its formation. The alliance’s members span almost all the major manufacturing fields, like pharmaceuticals, engineering, textiles, chemicals, metals, sugar, plastics, tourism, different services sectors etc. The IBA has recently started offering membership to non-Indian companies and individuals.

IBA endorses all solutions to trade and investment issues that protect and benefit its members’ interests, supports greater co-operation between Indian companies and their Russian partners and provides timely and accurate information on the Russian market. The IBA regularly organizes seminars, workshops and other relevant programs on key subjects of topical importance as well as holds regular dialogs with various ministries.

IBA also organizes numerous business meetings with different foreign dignitaries and delegations from abroad and has signed many memorandums of understanding (MODs) with different Chambers of Trade and Commerce Associations for strengthening bilateral trade through joint ventures between IBA members and those of the respective Chambers of Commerce and Trade Associations.

By joining the IBA, you will gain access to a wide range of benefits such as access to the IBA’s comprehensive and regularly updated database, get first-hand information on the changes in official government policies in India and Russia. The IBA’s advocacy and policy work ensures that its members’ voices are heard by the policymakers in New Delhi and Moscow as the Alliance has strong relationships with most of the key policy makers in both capitals. The Alliance provides comprehensive support to the Indian entrepreneurs who do business in Russia, providing them with information about the development of various segments of the Russian market. IBA actively represents its members’ interests, especially within the framework of the Indian-Russian Joint Commission.
IBA is not only a business alliance overseeing the corporate affairs of its members, but also a social organization, which periodically organizes social events aimed at bonding members closer, such as picnics, Holi Mela, Dewali Mela, New Year celebrations and other holiday events, where members can come with their families and meet other people in a more casual atmosphere. The IBA also has own Business Messenger Journal published quarterly where members can get all the relevant information on other members and lots of other interesting and important information pertaining to both India and Russia. I have tried to give you brief information about IBA and hope this short introduction gives you fairly good idea about IBA. Should you require more information, please, feel free to contact IBA office at Moscow:

 

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