“Talks, meeting investors and people to people ties are the focus areas”, PMO India stated in a separate tweet.
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India is likely to offer a site in Andhra Pradesh to set up units five and six of the Kudankulam nuclear power plant by Russian Federation in sync with broad principles of Make in India initiative.
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India’s Prime Minister hopes the “first state visit to Russian Federation would bring bilateral relations to a new level”.
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Meanwhile, many migrants and refugees are pressing to be allowed to settle in richer northern countries like Germany and Sweden. About half of the people entering Europe were Syrians, while 20 percent were Afghans and 7 percent Iraqis, the organization said.
Discussions on the deal had started during the last India-Russia Annual Summit that was held here previous year.
“Out of 200 Kamovs, some 60 will be made in Russian Federation and the remaining will be assembled and manufactured in India under the public private partnership mode”. Both countries will also attempt to increase cooperation in science and technology, mining among other sectors.
Without giving specific details, Jaishankar said both Modi and Putin will deliberate on enhancing cooperation in defence and nuclear energy speheres. The two leaders will interact with a group of Indian and Russian CEOs tomorrow in Kremlin.
“I am certain that this visit will substantially take forward the already strong people-to-people ties between our nations”, he added. “So, expanding trade is a very big priority”, he said.
The vision envisaged road map of bilateral cooperation in the sphere of civil nuclear energy for next two decades.
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.
“If you go back in history, the Soviet Union was India’s biggest economic trading partner in the late eighties – doing business at US$5 billion”, said Mr Nandan Unnikrishnan, vice-president and senior fellow at the Observer Research Foundation.
India and Russian Federation are likely to ink a number of pacts in a range of sectors including nuclear energy and defence. India and Russia are targeting a bilateral trade volume of $30 billion by 2025, and a mutual direct investment target of $15 billion by 2025-the latter commitment came out of the recent India-Russia Inter-Governmental Consultations in October.
“Today, it hasn’t crossed US$10 billion”.
He also told TASS that India was in the process of launching negotiations on a Free Trade Agreement with the EEU. “This I have not experienced with President Putin”, said Modi.
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The paper reported that the negotiations would also address agreements on the purchase of two Project 636 Varshavyanka diesel-electric submarines, three Project 11356 frigates, and 48 Mi-17V5 military-transport helicopters.
