The commerce minister's visit would see major announcements on collaborative projects with Russia.
New Delhi: Commerce and Industry Minister Piyush Goyal will lead a delegation of five chief ministers, including from Uttar Pradesh and Gujarat, and business leaders to Vladivostok in Russia from August 11-13, an official statement said on Friday.
The commerce ministry said the visit is aimed at exploring investment opportunities and strike close partnerships with the Far East provinces of Russia.
"The delegation includes chief ministers of Goa, Gujarat, Haryana, Maharashtra and Uttar Pradesh and an official from the State of Assam," it said.
The chief ministers will be accompanied by business delegations who will engage with officials and businessmen from the provinces in Russia's eastern most territory.
The minister's visit, it said, is a precursor to the visit of the Prime Minister Narendra Modi to Vladivostok in early September for the Eastern Economic Forum, where he will be the chief guest.
The commerce minister's visit would see major announcements on collaborative projects for the economic success of the Far East region of Russia.
"India is looking to gain from the investment-friendly Russian stance in the natural resource-rich region, which includes significant incentives and tax breaks allowing Indian investments and labour for projects," it said.
Indian entities are already engaged in key sectors like power, coal, oil and gas.
The delegation includes more than 125 representatives from business stakeholders, who will interact with Russian counterparts on opportunities in the mining and processing of diamond and rare metals, railways, agriculture, food processing, oil and gas, coal and power, and pharma.