PM Modi, who is on a two-day Russia visit, conveyed to Putin that their summit talks will give a fresh impetus to the bilateral relations as it will provide “new energy” to further strengthen ties. As part of the 16th annual India-Russia Summit, Modi and Putin held a one-on-one meeting before they were joined by their respective delegations.

The bilateral relations were developing in all directions – international politics, economy and the humanitarian area. Ways to expand economic cooperation between the two countries were also explored in the meeting with both countries aiming to take the current bilateral annual trade of USD 10 billion to USD 30 billion in the next 10 years.

The Prime Minister also mentioned about death of a Russian pilot in downing of a Russian plane on the Syrian border. Modi also expressed condolence over the death of Russian citizens in a plane crash in Egypt in October. Putin, on his part, expressed happiness over two countries going ahead “consistently and confidently” in developing the privileged strategic partnership.

IMPORTANT AGREEMENTS

Cooperation in the field of Helicopter Engineering

• It includes joint manufacture of Kamov 226 helicopters on the lines of Make in India campaign.

Programme of Action Agreed Between for Localization of Manufacturing in India for Russian-Designed Nuclear Reactor Units

• It would felicitate construction of 12 atomic plants with involvement of local companies in India under the ‘Make-in-India’ programme.
• The cooperation in the peaceful uses of nuclear energy is a cornerstone of the Russia-India strategic partnership.

MoU on technical cooperation in railway sector MoU for construction of solar energy plants in India

• It was signed between Solar Energy Corporation of India and Russian Energy Agency regarding.
• MoU for Cooperation for geologic survey, exploration and production of hydrocarbons onshore and on the continental shelf of the Russian Federation.
• Similar agreement was also signed between Rosneft Oil Company of Russia and Oil India Limited and Indian Oil Corporation Limited.