It was established after a bilateral MoU (Memorandum of Understanding) was signed in 2018 between India’s NITI Aayog and Russia’s Ministry of Economic Development of Russian Federation.

• 1st IRSED was held in St. Petersburg in Russia from 25-26 November 2018.
• It was chaired by Russia’s Minister of Economic Development of Russian Federation Mr. Maxim Oreshkin and Dr. Rajiv Kumar, Vice-Chairman of NITI Aayog.
• The 2nd IndiaIRSED was held in New Delhi.

Parallel Roundtables included in IRSED discussed areas of cooperation and concrete roadmaps for future negotiations across outlined core areas.