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Indian PM Narendra Modi going to Russia for annual summit
The bureaucrat explained that New Delhi will make the offer to Moscow, as two firms, the US-based General Electric and Westinghouse – an US-based unit of Japan’s Toshiba, are yet to decide whether to enter into the Indian nuclear energy sector due to a law that makes reactor suppliers liable in case of an accident. And in 2001, I visited as a member of the prime minister Atal Bihari Vajpayee’s delegation, in capacity of a chief minister.
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“Russia and India have a very strong partnership that the United States can only aspire to”, said Grevatt. “However, a source in a Russian defense enterprise told Kommersant the negotiations on the S-400 systems will not be easy as the Russian price of five divisions of S-400 systems, which is some $2.5 billion, does not suit India”, the report says. The Prime Minister said the strengths of Russian Federation in science and technology, military technology and nuclear energy among others complement the large market of India, expanding economy and demand of its young population.
Tomorrow, Putin will host a private dinner for the Prime Minister and the two leaders will interact with a group of Indian and Russian CEOs in Kremlin on Thursday.
According to officials, they will also discuss the growing violence in Afghanistan, where Mr. Modi is expected to visit on his way back from Moscow on December 25.
Many believe that India could now benefit from Russia’s deteriorating ties with major trading partner Turkey, following its downing of a Russian plane on its border with Syria last month.
India is also likely to push for a Free Trade Agreement with the Eurasian Economic Zone and is sharing details of study it conducted in this regard. Earlier, Prime Minister Modi had expressed hope that the visit would deepen bilateral ties between the two nations.
Congratulating Nitin Gadkari, Road Transport and Highways Minister on his contribution to technology and environment leading to the refurbished bus with no pollution, PM Modi suggested that the technology can be used in public transport as well.
Talking on the agreements which will be sealed, Foreign Secretary Subrahmanyam Jaishankar said, “We expect to sign a number of agreements covering a very broad range of fields”.
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However, the Achilles’ heel of the India-Russia partnership continues to be that trade and economic ties remain by far sub-optimal. If we consciously do more promotion work, trade will increase. “Russia has been India’s foremost defence partner through decades, accounting for a majority of our defence equipment…” Russian Federation is one of the top oil producers globally and has huge reserves of natural gas. He also signed an agreement with U.S. President Barack Obama on nuclear cooperation in January 2015, which opened the door for U.S. nuclear companies such as GE to compete for Indian business.