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Rosneft says India must streamline the taxation system

Updated : October 05, 2018 02:28 PM IST

Russia's top oil company, Rosneft, on Friday said it's privileged to work and invest in India, but New Delhi must streamline its taxation system.

Speaking from the side-lines of the 19th Indo-Russia bilateral meet, Pavel Fedorov, first vice president, said that Rosneft is facing the double taxation treaty in India.

Fedorov said, "We are looking at number of opportunities. It's a bit too premature to discuss them. First, we need to see the progress on the regulatory front."
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