Amid the Russia- Ukraine conflict, Indian products can make their entry into the Russian market and replace the void created due to the lack of supplies from the UK, USA and European countries, said the Confederation of All India Traders (CAIT) on Tuesday.

Post levy of sanctions by these countries, Russian trading companies are preferring India as a destination for sourcing various verticals of goods which has brought a big opportunity for Indian small manufacturers and traders to export, said the trade body.

CAIT claimed that it has been approached by several Russian trading houses for assistance in locating the suppliers.

The national president of CAIT, BC Bhartia and secretary-general Praveen Khandelwal in a joint statement said that CAIT through its state chapters has identified various small manufacturers, distributors and traders who are capable of meeting the Russian requirements as per the first list.

"The response is enthusiastic and encouraging and manufacturing units and traders are more willing to supply the goods to Russia. The details of the requirements, its logistics, payments and other issues are being discussed and it is hoped that very soon the structure will be worked out," they said.

The trade leaders added that we see a considerable boost in exports of Indian products to Russia

Bhartia and Khandelwal said that considering the current scenario, Russia can be a big market for Indian exports. Trade verticals like FMCG products, consumer durables, packed food items, dairy products, vegan food items, readymade garments, footwear, toys, textiles, auto spare parts both for two wheeler and four wheelers and various other items could be the most favoured items of exports to Russia.

However, instead of big brands, small emerging brands in India can play a major role for supplying quality goods at most competitive prices, they said.

Exports To Russia: Indian Products To Get Big Opportunity Amid War, Says CAIT