He also asked the Indian community here to contribute substantially to further enhance Indo-Russia ties, especially economic ties.
Addressing the Indian Community members in Russia, Mukherjee said India-Russia relations have now touched almost every field of human endeavour and it involves cooperation in political, security, defence, trade, science and technology, education and culture.
"Having said that, there is a need to further enhance our level of economic engagement. Trade and investments are the pillars of economic relation," he told the impressive gathering.
Since April 2000, FDI inflows into India is USD 246 billion and out of which only USD 1 billion or 0.4 per cent of the total inflows has come from Russia.
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"Given the size of our economies, there is huge potential to enhance commercial and investment exchanges. It is a challenge for all of us to utilise synergies and new opportunities that are arising between the two economies.
"All of you, as a repositories of unique information and insights about India and Russia, have an important role to play in propelling our economic ties to a higher trajectory," he said.
"The Indian community abroad can contribute to these initiatives by bringing their skills and capital. New opportunities have been created specially for NRIs and PIOs to come forward and play a major role in contributing to India's success such as the NRI fund to clean and develop the Ganga river.
"You can also acquaint enterprises in your adopted country of the new opportunities available in India. We need to forge partnerships in friendly nations like Russia to bring in ideas, innovations, technologies and investment. You have to facilitate the creation of such partnerships," he said.