There was tremendous enthusiasm even in mid-winter Moscow as stage was set for the unique India Russia collaboration at Friends of India Event. Russia’s Kamov OAO is to name an Indian partner to build 200 Ka-226T light military cargo helicopters in India.
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He said India has great respect and appreciation for the two countries’ strategic partnership as it has been a source of strength and success for New Delhi.
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“In the framework of the agreement between Rosneft and Essar group, large-scale supplies of oil and petroleum products – 10 million tons of oil annually in the next 10 years – are planned to be delivered to Indian refineries”, Putin said in a joint statement with Modi, reported the Moscow Times.
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Putin voiced strong support for New Delhi’s aspirations to win a permanent seat at the U.N. Security Council, praising India’s “well-balanced and responsible foreign policy course”.
The pacts included the joint manufacture of 226 military helicopters and the construction of 12 atomic plants in India.
Russian President Vladim-ir Putin has gifted Prime Minister Narendra an 18th century sword from Bengal and a page from Mahatma Gandhi’s diary containing his handwritten notes.
With regard to the defence cooperation, the Prime Minister said the Inter-Governmental Agreement on manufacture of Kamov 226 helicopter in India is the first project for a major defence platform under the “Make-in-India” mission. The two countries have also committed to raising bilateral trade from $10 billion a year to $30 billion inside a decade.
Beyond the BRICS and SCO, the two leaders agreed to increase cooperation within the framework of the ASEAN Regional Forum and the ASEAN Defence Ministers’ Meeting Plus and contribute to strengthening the leading mechanisms of practical interaction on identifying ways and means to maintain peace and stability in the Asia Pacific. He called it a “very big priority” for both parties.
Separately, Indian Oil Corporation Limited and Oil India Limited said they had signed a memorandum with Rosneft, which paves the way for acquisition of a stake in Taas-Yuriakh oil assets in East Siberia. The two sides continued their deliberations over lunch at the Kremlin.
“President Putin and I are moving creatively in expanding our economic relations”. He said Russian Federation helped India when it faced war, and the Indian jawans were victorious.
“If one nation stood by India via good occasions and unsafe then it’s Russian Federation”, he stated. “And, there is genuine goodwill and mutual respect between our people”.
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“It has deepened my conviction that this relationship truly meets the test of a special and privileged strategic partnership”.
