Trade and Economic Relations between the Republic of Belarus and the Republic of India

Cooperation between Belarus and India in the trade and economic sphere is developing dynamically. The main priorities of this cooperation are industrial cooperation, joint projects in the fields of science and technology and pharmaceuticals, as well as investment cooperation.
The positive dynamics of bilateral trade and economic relations are determined by active interaction at the highest and highest levels, regular contacts between government bodies and business circles.
In 1997, the Belarusian-Indian Intergovernmental Commission on Cooperation in the Field of Economy, Trade, Industry, Science, Technology and Culture was created. The Chairman of the Belarusian part is the Minister of Foreign Affairs of the Republic of Belarus. Eleven meetings of the Intergovernmental Commission were held. The 11th meeting of the Intergovernmental Commission was held in New Delhi on November 10, 2022.
In 2017, following the visit of the Head of the Belarusian State to India, a list of priority projects was determined in the field of education, mechanical engineering, agriculture, science and technology, pharmaceuticals, oil production, potash fertilizers, investment and other cooperation.
In 2020, the key trade and economic events were the holding of the first Belarusian-Indian Investment Forum in New Delhi on March 4, which was attended by representatives of 9 Belarusian and more than 70 Indian companies and organizations, as well as the tenth meeting of the Belarusian-Indian Intergovernmental Commission on Cooperation in the Field of Trade, Economics, Science, Technology and Culture on March 5th.
In 2023, in order to intensify trade and economic cooperation, a number of major business events were held in New Delhi and Minsk: the Belarusian-Indian Industrial Forum in March and the Belarusian-Indian Chemical Forum in May in India, the Belarusian-Indian Pharmaceutical Forum in May and the Belarusian-Indian Business Forum in December in Belarus, as well as meetings of joint Belarusian-Indian industry working groups on pharmaceuticals and light industry.
Since February 2025, a representative office of MAZ OJSC, the management company of the BELAVTOMAZ holding, has been operating in New Delhi.
In March 2026, a large-scale visit to Belarus of a business delegation took place, including representatives of the Pharmaceutical Export Council of India and leading pharmaceutical enterprises. The main topics of discussion were the localization of drug production and the expansion of trade and economic ties. The Indian-Belarusian Pharmaceutical Business Forum was held on March 19, 2026
On June 17, 2026, the Belarusian-Indian business forum “India – Belarus: export, import, investment” was held in Mumbai.
In July 2026, a representative office of JSC JSB Belarusbank was registered in the Republic of India (Mumbai).
Prospects for Belarusian exports from the point of view of Indian needs: potash fertilizers (critical need), cargo and quarry equipment for the mining industry, wood products (pulp, paper, lumber), food products, including alcoholic beverages.
There are prospects for expanding the export of educational services (training Indian students in medical and technical universities), localizing the production of Indian generics in Belarus.