Alexander Vedyakhin, Sberbank: 'Workers From India Are A Strong Strategic Resource For Russia'
According to expert forecasts, Russia will face a shortage of more than 3 million workers by 2030. India, with a population of 1.4 billion and 18 million citizens abroad, is becoming the primary supplier of personnel. Today, Russia's Sberbank has not only created a turnkey recruitment platform but has also begun systematic work with Russia's largest state-owned companies. On the sidelines of the…
Alexander Vedyakhin, First Deputy Chairman of Sberbank's Executive Board, emphasized India as a crucial resource for Russia's workforce by 2030. With a population of 1.4 billion, India holds the title of the world's leading provider of labor. Sberbank has developed a comprehensive recruitment platform to address Russia's projected shortage of over 3 million workers by 2030.
This platform offers a seamless digital solution from job applications to employee deployment. The platform's integrated system covers various aspects such as payroll, SIM cards, medical programs, biometrics, and swift money transfers. In the past year, there has been a 90% surge in Indian users opting for money transfer services.
Sberbank's Business Development arm has successfully connected Russian companies with Indian suppliers under the "Made in Russia" initiative, covering over 100 focus categories and more than 10,000 suppliers. This strategic collaboration extends beyond mere trade and aims to foster joint ventures and strengthen support for Russian exporters.
The Indian market is known for valuing quality and technology over raw materials. At the upcoming Innoprom event in Delhi, Vedyakhin plans to fine-tune mechanisms and reduce tariffs to bridge the gap between Russia and India's economic systems. The ultimate goal is to present Russia and India as a unified economic belt rather than distant nations.
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