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Business News/ News / World/  India’s role sought in rebuilding Ukraine
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India’s role sought in rebuilding Ukraine

As of September 2022, New Delhi had given Kyiv around 7725 kilograms of humanitarian aid. India has also committed to continuing this supply of aid.

Ukraine’s deputy foreign minister Emine DzhaparovaPremium
Ukraine’s deputy foreign minister Emine Dzhaparova

New Delhi: The UK and Ukraine are interested in securing Indian participation in the reconstruction of war-ravaged Ukraine, according to persons aware of the matter.

Next month, the two western countries are expected to hold the latest Ukraine Recovery Conference in London. The conference aims to bring together the governments and private sectors of key nations to discuss Ukraine’s reconstruction after the war devastated public infrastructure.

The forum was launched in 2017 and has been meeting annually.

The people cited above said the UK and Ukraine are interested in inviting Indian private sector firms and government officials to discuss cooperation in reconstructing Ukraine. Queries to the external affairs ministry remained unanswered at press time.

The idea was first mooted by Ukraine’s deputy foreign minister Emine Dzhaparova during a visit to India last month.

“The Ukrainian Deputy FM proposed that rebuilding infrastructure in Ukraine could be an opportunity for Indian companies," reads an MEA press release detailing the outcomes of the visit.

The Ukraine Recovery Conference 2023 “will focus on mobilising international support for Ukraine’s economic and social stabilisation and recovery from the effects of war, including through emergency assistance for immediate needs and financing private sector participation in the reconstruction process," reads the website of the conference.

“We expect the broad participation of the international community, international financial institutions, the private sector and civil society to mobilise support for Ukraine," it added.

As of September 2022, New Delhi had given Kyiv around 7725 kilograms of humanitarian aid. India has also committed to continuing this supply of aid. Sanjay Verma, who serves as Secretary (West) in India’s Ministry of External Affairs, committed to providing school buses and other forms to Ukraine during Deputy Foreign Minister Dzhaparpva’s visit in April.

A similar assurance was made by Prime Minister Modi to Ukraine’s President Volodymyr Zelensky during their bilateral meeting on the sidelines of the G7 Summit in Hiroshima, Japan.

Cooperation through the Ukraine Recovery Conference could boost India’s aid and economic outreach to Ukraine. However, it is not yet known whether the Indian government and investors have responded positively to Western overtures.

“We are keen to see the private sector play a leading role by applying its expertise and supporting Ukraine’s recovery, and invite investors to consider specific sectors and opportunities. To support this, Ukraine continues to implement an ambitious reform agenda and look for ways to support investment in Ukraine and reduce risk," say the organisers of the URC 2023.

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Published: 23 May 2023, 11:12 PM IST
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